Postal Realty Trust (NYSE:PSTL) Stock Crosses Below 50 Day Moving Average - What's Next?

Key Points

• Postal Realty Trust shares fell below their 50-day moving average, trading as low as $22.18 and last at $22.35; the 50-day average was $22.63.
• Analysts’ consensus is Moderate Buy, with an average price target of $25.38. The latest quarterly EPS of $0.16 missed the $0.19 consensus, though revenue of $30.28 million topped estimates.
• The company declared a quarterly dividend of $0.245 per share, equal to an annualized yield of about 4.4%; its payout ratio is 171.93%.

Shares of Postal Realty Trust, Inc. (NYSE:PSTL - Get Free Report) crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $22.63 and traded as low as $22.18. Postal Realty Trust shares last traded at $22.3510, with a volume of 196,195 shares.

Analysts Set New Price Targets

Several brokerages recently commented on PSTL. Weiss Ratings downgraded shares of Postal Realty Trust from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, October 6th. JPMorgan Chase & Co. upped their price target on shares of Postal Realty Trust from $23.00 to $25.00 and gave the stock a "neutral" rating in a report on Wednesday, August 26th. Scotiabank reiterated an "outperform" rating on shares of Postal Realty Trust in a report on Tuesday, September 1st. Zacks Research cut Postal Realty Trust from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Finally, BMO Capital Markets upped their price objective on shares of Postal Realty Trust from $28.00 to $29.00 and gave the stock an "outperform" rating in a research note on Monday, September 14th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Postal Realty Trust has a consensus rating of "Moderate Buy" and an average target price of $25.38.

Postal Realty Trust Trading Down 1.4%

The stock has a market capitalization of $617.33 million, a P/E ratio of 39.21 and a beta of 0.81. The stock's 50 day moving average price is $22.63 and its 200-day moving average price is $21.97. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.77.

Postal Realty Trust (NYSE:PSTL - Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.03). The business had revenue of $30.28 million during the quarter, compared to the consensus estimate of $28.83 million. Postal Realty Trust had a return on equity of 4.64% and a net margin of 17.15%. As a group, equities research analysts expect that Postal Realty Trust, Inc. will post 1.23 earnings per share for the current year.

Postal Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be issued a $0.2450 dividend. The ex-dividend date is Friday, November 13th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 4.4%. Postal Realty Trust's dividend payout ratio (DPR) is currently 171.93%.

Institutional Trading of Postal Realty Trust

A number of institutional investors have recently modified their holdings of the company. Marshall Wace LLP grew its stake in Postal Realty Trust by 40.2% in the 3rd quarter. Marshall Wace LLP now owns 1,283,953 shares of the company's stock valued at $29,364,000 after acquiring an additional 367,984 shares during the period. Ancora Advisors LLC acquired a new position in Postal Realty Trust during the second quarter worth $3,789,000. White Pine Capital LLC acquired a new position in Postal Realty Trust during the third quarter worth $2,384,000. Private Advisor Group LLC purchased a new position in Postal Realty Trust during the third quarter valued at $1,743,000. Finally, Empowered Funds LLC purchased a new position in Postal Realty Trust during the third quarter valued at $1,259,000. 57.89% of the stock is currently owned by institutional investors.

About Postal Realty Trust

Postal Realty Trust, Inc. is a real estate investment trust focused on acquiring, owning and managing properties leased primarily to the United States Postal Service (USPS). Its portfolio includes postal facilities such as post offices and other properties used in postal operations. The company's business centers on leasing these properties to the USPS and managing its real estate portfolio. Postal Realty Trust owns properties across the United States, giving it a nationwide presence. Postal Realty Trust became a publicly traded company in 2019 and is listed on the New York Stock Exchange under the symbol PSTL.

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