Postal Realty Trust (NYSE:PSTL) Downgraded by Wall Street Zen to Hold

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.

Wall Street Zen downgraded shares of Postal Realty Trust (NYSE:PSTL - Free Report) from a buy rating to a hold rating in a research note published on Saturday morning.

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

Postal Realty Trust Stock Performance

PSTL traded up $0.46 during trading on Friday, reaching $14.43. 67,855 shares of the company's stock were exchanged, compared to its average volume of 175,344. Postal Realty Trust has a fifty-two week low of $12.26 and a fifty-two week high of $15.42. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.97. The business has a 50 day moving average price of $14.58 and a 200 day moving average price of $13.80. The company has a market capitalization of $343.46 million, a P/E ratio of 51.52 and a beta of 0.84.

Postal Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Thursday, July 31st will be paid a $0.2425 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $0.97 dividend on an annualized basis and a dividend yield of 6.7%. Postal Realty Trust's dividend payout ratio is 346.43%.

Hedge Funds Weigh In On Postal Realty Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Millennium Management LLC boosted its holdings in shares of Postal Realty Trust by 313.7% in the 1st quarter. Millennium Management LLC now owns 378,517 shares of the company's stock valued at $5,405,000 after buying an additional 287,027 shares during the last quarter. Zacks Investment Management acquired a new stake in shares of Postal Realty Trust in the 4th quarter valued at approximately $2,264,000. Vanguard Group Inc. boosted its holdings in shares of Postal Realty Trust by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 1,255,253 shares of the company's stock valued at $16,381,000 after buying an additional 107,887 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of Postal Realty Trust by 443.4% in the 1st quarter. Cubist Systematic Strategies LLC now owns 116,501 shares of the company's stock valued at $1,664,000 after buying an additional 95,061 shares during the last quarter. Finally, Foundry Partners LLC boosted its holdings in shares of Postal Realty Trust by 21.3% in the 4th quarter. Foundry Partners LLC now owns 401,060 shares of the company's stock valued at $5,234,000 after buying an additional 70,299 shares during the last quarter. 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.