Postal Realty Trust (NYSE:PSTL) Raised to "Buy" at Wall Street Zen

Postal Realty Trust (NYSE:PSTL - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

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

Postal Realty Trust Stock Up 0.9%

Shares of PSTL stock traded up $0.13 during trading hours on Friday, reaching $13.64. The company had a trading volume of 89,921 shares, compared to its average volume of 180,634. The stock's fifty day simple moving average is $13.31 and its 200 day simple moving average is $13.41. Postal Realty Trust has a twelve month low of $12.26 and a twelve month high of $15.15. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market capitalization of $324.59 million, a P/E ratio of 170.27 and a beta of 0.81.

Insider Buying and Selling

In other Postal Realty Trust news, CAO Matt Brandwein sold 2,810 shares of Postal Realty Trust stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $14.30, for a total transaction of $40,183.00. Following the transaction, the chief accounting officer now owns 131,715 shares of the company's stock, valued at $1,883,524.50. The trade was a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 19,452 shares of company stock valued at $277,332 over the last three months. Company insiders own 13.70% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC acquired a new position in Postal Realty Trust during the fourth quarter valued at approximately $25,000. New York State Teachers Retirement System acquired a new stake in Postal Realty Trust in the 4th quarter valued at $26,000. Parallel Advisors LLC raised its position in Postal Realty Trust by 964.5% in the 1st quarter. Parallel Advisors LLC now owns 1,948 shares of the company's stock valued at $28,000 after purchasing an additional 1,765 shares during the last quarter. NBC Securities Inc. increased its stake in shares of Postal Realty Trust by 124,900.0% in the 1st quarter. NBC Securities Inc. now owns 3,750 shares of the company's stock valued at $53,000 after buying an additional 3,747 shares during the period. Finally, Comerica Bank raised its holdings in Postal Realty Trust by 151.0% during the 1st quarter. Comerica Bank now owns 4,287 shares of the company's stock worth $61,000 after purchasing an additional 2,579 shares during the last quarter. Institutional investors own 57.89% of the company's stock.

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.