Postal Realty Trust (NYSE:PSTL) Given a $17.75 Price Target at Stifel Nicolaus

Key Points

• Stifel Nicolaus has reduced the price target for Postal Realty Trust's stock from $18.25 to $17.75, while maintaining a "buy" rating, suggesting a potential upside of 27.19% from its previous close.
• Wall Street Zen downgraded Postal Realty Trust from a "buy" to a "hold" rating in a recent report.
• Institutional investors have shown increased interest, with Millennium Management increasing its stake by 313.7% and Vanguard Group increasing its stake by 9.4% in the last quarter.

Stifel Nicolaus set a $17.75 price target on Postal Realty Trust (NYSE:PSTL - Free Report) in a report released on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

Separately, Wall Street Zen cut shares of Postal Realty Trust from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd.

Postal Realty Trust Stock Performance

Shares of Postal Realty Trust stock traded down $0.20 during trading on Tuesday, reaching $14.41. The company's stock had a trading volume of 124,582 shares, compared to its average volume of 148,204. Postal Realty Trust has a 52 week low of $12.26 and a 52 week high of $15.42. The business's 50-day moving average price is $14.65 and its 200-day moving average price is $13.83. The company has a quick ratio of 1.38, a current ratio of 1.28 and a debt-to-equity ratio of 1.01. The firm has a market cap of $343.15 million, a PE ratio of 37.93 and a beta of 0.84.

Postal Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Thursday, July 31st will be given a $0.2425 dividend. This represents a $0.97 annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend is Thursday, July 31st. Postal Realty Trust's dividend payout ratio (DPR) is currently 255.26%.

Institutional Investors Weigh In On Postal Realty Trust

Several institutional investors have recently modified their holdings of PSTL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Postal Realty Trust by 6.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,204 shares of the company's stock worth $189,000 after acquiring an additional 844 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its stake in shares of Postal Realty Trust by 10.1% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 9,809 shares of the company's stock worth $138,000 after acquiring an additional 898 shares in the last quarter. Nuveen Asset Management LLC increased its stake in shares of Postal Realty Trust by 0.3% during the fourth quarter. Nuveen Asset Management LLC now owns 302,135 shares of the company's stock worth $3,943,000 after purchasing an additional 916 shares in the last quarter. Invesco Ltd. increased its stake in shares of Postal Realty Trust by 3.5% during the first quarter. Invesco Ltd. now owns 29,514 shares of the company's stock worth $421,000 after purchasing an additional 999 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Postal Realty Trust by 6.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,225 shares of the company's stock worth $277,000 after buying an additional 1,223 shares in the last quarter. 57.89% of the stock is owned by hedge funds and other institutional investors.

Postal Realty Trust Company Profile

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.