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

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 report released on Saturday.

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

Postal Realty Trust Stock Up 2.7%

Shares of PSTL traded up $0.35 during mid-day trading on Friday, hitting $13.49. 186,235 shares of the company's stock were exchanged, compared to its average volume of 137,238. The stock's 50-day moving average is $13.32 and its 200-day moving average is $13.41. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.57 and a current ratio of 1.57. Postal Realty Trust has a fifty-two week low of $12.26 and a fifty-two week high of $15.15. The company has a market cap of $321.17 million, a price-to-earnings ratio of 168.66 and a beta of 0.81.

Insider Buying and Selling at Postal Realty Trust

In related news, CAO Matt Brandwein sold 15,142 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $14.25, for a total transaction of $215,773.50. Following the completion of the transaction, the chief accounting officer now owns 116,573 shares in the company, valued at approximately $1,661,165.25. This represents a 11.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 19,452 shares of company stock worth $277,332 over the last ninety days. Corporate insiders own 13.70% of the company's stock.

Hedge Funds Weigh In On Postal Realty Trust

A number of hedge funds have recently bought and sold shares of PSTL. Vanguard Group Inc. lifted its position in shares of Postal Realty Trust by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 1,255,253 shares of the company's stock worth $16,381,000 after purchasing an additional 107,887 shares during the period. Gilman Hill Asset Management LLC lifted its holdings in Postal Realty Trust by 6.5% during the first quarter. Gilman Hill Asset Management LLC now owns 581,220 shares of the company's stock valued at $8,300,000 after purchasing an additional 35,595 shares during the last quarter. North Star Investment Management Corp. lifted its holdings in shares of Postal Realty Trust by 0.6% in the first quarter. North Star Investment Management Corp. now owns 494,165 shares of the company's stock worth $7,057,000 after buying an additional 2,775 shares in the last quarter. Foundry Partners LLC raised its stake in Postal Realty Trust by 21.3% in the fourth quarter. Foundry Partners LLC now owns 401,060 shares of the company's stock valued at $5,234,000 after purchasing an additional 70,299 shares in the last quarter. Finally, Millennium Management LLC grew its position in Postal Realty Trust by 313.7% during the first quarter. Millennium Management LLC now owns 378,517 shares of the company's stock valued at $5,405,000 after acquiring an additional 287,027 shares during the last quarter. 57.89% of the stock is owned by institutional investors.

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.