Deroy & Devereaux Private Investment Counsel Inc. Acquires New Shares in Postal Realty Trust, Inc. $PSTL

Deroy & Devereaux Private Investment Counsel Inc. bought a new position in Postal Realty Trust, Inc. (NYSE:PSTL) in the third quarter, HoldingsChannel reports. The fund bought 155,070 shares of the company’s stock, valued at approximately $2,433,000.

Several other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Postal Realty Trust during the second quarter worth about $440,000. CSM Advisors LLC acquired a new stake in Postal Realty Trust during the 2nd quarter worth approximately $3,567,000. Cullen Frost Bankers Inc. boosted its position 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 buying an additional 1,403 shares during the period. Prudential Financial Inc. bought a new stake in Postal Realty Trust during the 2nd quarter worth approximately $1,446,000. Finally, Canton Hathaway LLC acquired a new position in Postal Realty Trust in the 3rd quarter valued at approximately $590,000. 57.89% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PSTL. Truist Financial lifted their price target on shares of Postal Realty Trust from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Wednesday, December 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Postal Realty Trust in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on Postal Realty Trust from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, September 30th. Finally, Wall Street Zen lowered Postal Realty Trust from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $17.58.

Postal Realty Trust Price Performance

Shares of NYSE PSTL opened at $17.34 on Friday. The company has a market capitalization of $451.88 million, a PE ratio of 36.13 and a beta of 0.75. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.00. Postal Realty Trust, Inc. has a twelve month low of $12.26 and a twelve month high of $17.44. The firm has a fifty day simple moving average of $15.80 and a 200 day simple moving average of $15.35.

Postal Realty Trust (NYSE:PSTL) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates 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%.Postal Realty Trust has set its FY 2025 guidance at 1.300-1.32 EPS. On average, sell-side analysts forecast that Postal Realty Trust, Inc. will post 0.84 EPS for the current year.

Postal Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Tuesday, November 4th were issued a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Tuesday, November 4th. Postal Realty Trust’s payout ratio is presently 202.08%.

Postal Realty Trust 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.