Postal Realty Trust (NYSE:PSTL) Stock Rating Lowered by Wall Street Zen

Key Points

• Postal Realty Trust has been downgraded by Wall Street Zen from a "buy" to a "hold" rating, signaling a shift in investor sentiment.
• Stifel Nicolaus has reduced its target price for PSTL from $16.75 to $16.50 while maintaining a "buy" rating.
• Institutional investors own 57.89% of Postal Realty Trust's shares, indicating significant interest from larger investment firms despite recent stock performance.

Postal Realty Trust (NYSE:PSTL - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

Separately, Stifel Nicolaus decreased their target price on Postal Realty Trust from $16.75 to $16.50 and set a "buy" rating for the company in a research note on Thursday, May 1st.

Postal Realty Trust Stock Down 0.1%

Postal Realty Trust stock opened at $13.69 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.38 and a quick ratio of 1.38. Postal Realty Trust has a fifty-two week low of $12.26 and a fifty-two week high of $15.42. The firm has a fifty day moving average price of $14.57 and a two-hundred day moving average price of $13.78. The firm has a market cap of $325.96 million, a price-to-earnings ratio of 48.89 and a beta of 0.84.

Institutional Trading of Postal Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of PSTL. Mendel Money Management raised its position in shares of Postal Realty Trust by 20.4% during the second quarter. Mendel Money Management now owns 19,806 shares of the company's stock valued at $292,000 after buying an additional 3,361 shares during the last quarter. Kornitzer Capital Management Inc. KS bought a new position in Postal Realty Trust during the second quarter valued at about $810,000. Asset Management One Co. Ltd. raised its holdings in Postal Realty Trust by 3.3% in the 2nd quarter. Asset Management One Co. Ltd. now owns 59,729 shares of the company's stock valued at $880,000 after acquiring an additional 1,892 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in Postal Realty Trust by 225.2% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,026 shares of the company's stock valued at $30,000 after acquiring an additional 1,403 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Postal Realty Trust in the 2nd quarter worth approximately $440,000. 57.89% of the stock is currently owned by institutional investors and hedge funds.

About Postal Realty Trust

Postal Realty Trust, Inc NYSE: PSTL is an internally managed real estate investment trust that owns properties primarily leased to the United States Postal Service ("USPS"). PSTL is focused on acquiring the network of USPS properties, which provide a critical element of the nation's logistics infrastructure that facilitates cost effective and efficient last-mile delivery solutions.

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