Postal Realty Trust (NYSE:PSTL) Hits New 12-Month High – Here’s What Happened

Postal Realty Trust, Inc. (NYSE:PSTL) reached a new 52-week high during trading on Friday . The stock traded as high as $19.22 and last traded at $19.1910, with a volume of 199266 shares trading hands. The stock had previously closed at $19.05.

Analysts Set New Price Targets

A number of brokerages have recently commented on PSTL. Wall Street Zen cut shares of Postal Realty Trust from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Truist Financial set a $20.00 price objective on shares of Postal Realty Trust and gave the company a “buy” rating in a research note on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Postal Realty Trust has a consensus rating of “Moderate Buy” and a consensus price target of $18.25.

Postal Realty Trust Price Performance

The firm has a market cap of $500.61 million, a price-to-earnings ratio of 40.02 and a beta of 0.74. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.00. The stock’s fifty day moving average price is $16.54 and its 200-day moving average price is $15.68.

Postal Realty Trust (NYSE:PSTL) last posted its earnings results on Tuesday, November 4th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.18). The business had revenue of $24.33 million for the quarter, compared to analyst estimates of $22.46 million. Postal Realty Trust had a return on equity of 4.29% and a net margin of 15.36%. As a group, equities research analysts forecast that Postal Realty Trust, Inc. will post 0.84 earnings per share for the current fiscal year.

Postal Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be given a dividend of $0.245 per share. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.24. This represents a $0.98 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, February 13th. Postal Realty Trust’s dividend payout ratio is currently 202.08%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. increased its holdings in 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 purchasing an additional 1,403 shares during the period. CWM LLC raised its holdings in Postal Realty Trust by 195.5% during the second quarter. CWM LLC now owns 2,237 shares of the company’s stock worth $33,000 after purchasing an additional 1,480 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in Postal Realty Trust by 45.9% in the second quarter. Ameritas Investment Partners Inc. now owns 2,258 shares of the company’s stock valued at $33,000 after acquiring an additional 710 shares during the last quarter. Strs Ohio purchased a new stake in shares of Postal Realty Trust in the 1st quarter valued at about $54,000. Finally, Federated Hermes Inc. lifted its stake in Postal Realty Trust by 1,156.7% in the second quarter. Federated Hermes Inc. now owns 3,770 shares of the company’s stock valued at $56,000 after buying an additional 3,470 shares during the last quarter. 57.89% of the stock is owned by institutional investors and hedge funds.

Postal Realty Trust Company Profile

Postal Realty Trust is a real estate investment trust that acquires, owns and manages single-tenant commercial properties net-leased primarily to the United States Postal Service and other government agencies. The trust focuses on facilities that support mail processing, distribution and retail operations, targeting assets that offer long-term, inflation-protected lease structures.

The company’s portfolio includes post offices, distribution centers and mail processing facilities located throughout the contiguous United States.