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

Key Points

• Postal Realty Trust has been downgraded from a "buy" to a "hold" rating by analysts at Wall Street Zen as of Friday, reflecting a shift in market sentiment.
• The stock currently has a consensus rating of "Moderate Buy" with an average price target of $17.38, despite recent trading showing the stock at $15.34.
• Insider activity includes the sale of 1,803 shares by CAO Matt Brandwein, reducing their position by 1.64%, as institutional investors continue to adjust their stakes in the company.

Postal Realty Trust (NYSE:PSTL - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Friday.

Several other equities research analysts have also commented on PSTL. Stifel Nicolaus set a $17.75 target price on shares of Postal Realty Trust and gave the stock a "buy" rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. boosted their target price on shares of Postal Realty Trust from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report on Tuesday. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Postal Realty Trust in a research report on Saturday, September 27th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $17.38.

Postal Realty Trust Price Performance

Shares of NYSE PSTL traded down $0.10 during trading on Friday, hitting $15.34. 156,000 shares of the company were exchanged, compared to its average volume of 167,390. The company has a market cap of $376.96 million, a price-to-earnings ratio of 40.36 and a beta of 0.86. Postal Realty Trust has a 1 year low of $12.26 and a 1 year high of $16.50. The firm's fifty day moving average price is $15.30 and its 200 day moving average price is $14.41. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.28 and a quick ratio of 1.28.

Insider Buying and Selling

In related news, CAO Matt Brandwein sold 1,803 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $16.00, for a total value of $28,848.00. Following the sale, the chief accounting officer directly owned 107,919 shares of the company's stock, valued at approximately $1,726,704. This represents a 1.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 13.70% of the company's stock.

Institutional Investors Weigh In On Postal Realty Trust

Large investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC grew its stake in Postal Realty Trust by 21.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 185,857 shares of the company's stock valued at $2,654,000 after acquiring an additional 32,308 shares during the last quarter. Round Rock Advisors LLC purchased a new position in Postal Realty Trust in the 1st quarter valued at about $275,000. Gilman Hill Asset Management LLC lifted its holdings in Postal Realty Trust by 2.9% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 597,963 shares of the company's stock valued at $8,808,000 after purchasing an additional 16,743 shares in the last quarter. Ballentine Partners LLC purchased a new position in Postal Realty Trust in the 1st quarter valued at about $436,000. Finally, GAMMA Investing LLC lifted its holdings in Postal Realty Trust by 5,255.1% in the 1st quarter. GAMMA Investing LLC now owns 9,425 shares of the company's stock valued at $135,000 after purchasing an additional 9,249 shares in the last quarter. 57.89% of the stock is 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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