Postal Realty Trust (NYSE:PSTL) price target was lowered to $18.00 on Stifel Nicolaus

Postal Realty Trust (NYSE:PSTL – Valuation Received) Its price target was cut from $21.00 to $18.00 by equity researchers at Stifel Nicolaus in a research note published Tuesday, reports The Fly. Stifel Nicolaus’ price target indicates a potential upside of 25.17% from the stock’s current price.

PSTL has been the subject of a number of other reports. Aegis began reporting on shares of Postal Realty Trust in a report on Monday, March 21st. They issued a “buy” rating and a price target of $23.00 on the stock. BMO Capital Markets lowered shares of Postal Realty Trust from an outperform rating to a market perform rating and lowered its price target for the company to 19 from $22.00 in a report on Friday, March 25 $.00. Finally, Truist Financial lowered its price target on shares of Postal Realty Trust from $19.00 to $18.00 in a report on Friday, June 3rd. Two analysts have assigned a hold rating to the stock and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

NYSE:PSTL shares on Tuesday rose $0.02 to hit $14.38. 1,306 shares of the Company were exchanged compared to an average volume of 116,229. The company has a current ratio of 3.75, a quick ratio of 3.75 and a debt-to-equity ratio of 0.46. Postal Realty Trust has a 1 year low of $14.14 and a 1 year high of $20.75. The company has a market cap of $269.77 million, a price-to-earnings ratio of 110.62, a price-to-earnings-to-growth ratio of 2.91 and a beta of 0.55. The company has a 50-day moving average of $16.01 and a 200-day moving average of $17.22.

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Postal Realty Trust (NYSE:PSTL – Get Rating) last issued its quarterly earnings data on Wednesday, May 11th. The company reported earnings per share of $0.02 for the quarter, missing analyst consensus estimates of $0.19 ($0.17). Postal Realty Trust had a net margin of 5.91% and a return on equity of 1.13%. In the same quarter last year, the company generated earnings per share of $0.27. As a group, analysts are forecasting that Postal Realty Trust will report year-to-date earnings per share of 0.82.

Several hedge funds have recently changed their positions in the company. The Royal Bank of Canada added 72.3% to its position in Postal Realty Trust in the third quarter. The Royal Bank of Canada now owns 1,423 shares of the company, valued at $26,000, after purchasing an additional 597 shares last quarter. Morgan Stanley increased its position in Postal Realty Trust by 129.0% in the first quarter. Morgan Stanley now owns 1,965 shares of the company, valued at $34,000, after purchasing an additional 1,107 shares last quarter. Metropolitan Life Insurance Co NY increased its position in Postal Realty Trust by 149.3% in the first quarter. Metropolitan Life Insurance Co NY now owns 2,069 shares of the company’s stock valued at $35,000 after purchasing an additional 1,239 shares last quarter. BNP Paribas Arbitrage SA increased its position in Postal Realty Trust by 104.7% in the third quarter. BNP Paribas Arbitrage SA now owns 3,247 shares of the company, valued at $61,000, after acquiring an additional 1,661 shares last quarter. Finally, Citigroup Inc. increased its position in Postal Realty Trust by 123.8% in the fourth quarter. Citigroup Inc. now owns 3,198 shares of the company’s stock valued at $63,000 after purchasing an additional 1,769 shares last quarter. Institutional investors and hedge funds own 73.45% of the company’s shares.

Postal Realty Trust Company Profile (received rating)

Postal Realty Trust, Inc is an internally managed real estate trust that owns and manages over 1,000 USPS leased properties. The Company believes it is one of the largest owners and managers of real estate leased to the USPS.

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