Stifel Nicolaus Reiterates $17.75 Price Target for Postal Realty Trust (NYSE:PSTL)

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 target price on Postal Realty Trust (NYSE:PSTL - Free Report) in a research report released on Tuesday morning, Marketbeat.com reports. The firm currently has a buy rating on the stock.

Separately, Wall Street Zen downgraded Postal Realty Trust from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd.

Postal Realty Trust Price Performance

Shares of NYSE:PSTL traded down $0.04 during trading on Tuesday, reaching $14.59. 91,260 shares of the company traded hands, compared to its average volume of 150,712. The firm has a market capitalization of $347.39 million, a PE ratio of 38.40 and a beta of 0.84. Postal Realty Trust has a 52 week low of $12.26 and a 52 week high of $15.42. 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 company's 50 day moving average is $14.64 and its two-hundred day moving average is $13.82.

Postal Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Thursday, July 31st will be given a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 6.6%. The ex-dividend date is Thursday, July 31st. Postal Realty Trust's payout ratio is currently 255.26%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC acquired a new stake in shares of Postal Realty Trust in the 4th quarter valued at $25,000. Parallel Advisors LLC lifted its position in shares of Postal Realty Trust by 964.5% during the 1st quarter. Parallel Advisors LLC now owns 1,948 shares of the company's stock worth $28,000 after buying an additional 1,765 shares during the last quarter. Cullen Frost Bankers Inc. lifted its position in shares of Postal Realty Trust by 225.2% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,026 shares of the company's stock worth $30,000 after buying an additional 1,403 shares during the last quarter. CWM LLC boosted its stake in Postal Realty Trust by 195.5% in the second quarter. CWM LLC now owns 2,237 shares of the company's stock valued at $33,000 after buying an additional 1,480 shares in the last quarter. Finally, NBC Securities Inc. grew its position in Postal Realty Trust by 124,900.0% in the first quarter. NBC Securities Inc. now owns 3,750 shares of the company's stock valued at $53,000 after acquiring an additional 3,747 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.