Brokerages Anticipate Postal Realty Trust (NASDAQ:PSTL) to Post $0.14 Earnings Per Share

Shares of Postal Realty Trust (NASDAQ:PSTL) have been given a consensus broker rating score of 1.00 (Strong Buy) from the five brokers that provide coverage for the company, Zacks Investment Research reports. Five analysts have rated the stock with a strong buy recommendation.

Analysts have set a 12 month consensus price objective of $18.30 for the company and are predicting that the company will post $0.14 EPS for the current quarter, according to Zacks. Zacks has also given Postal Realty Trust an industry rank of 81 out of 256 based on the ratings given to its competitors.

A number of research analysts have recently weighed in on PSTL shares. B. Riley restated a “buy” rating on shares of RumbleON in a report on Tuesday, July 2nd. DA Davidson started coverage on Postal Realty Trust in a report on Monday, June 10th. They issued a “buy” rating on the stock. BMO Capital Markets started coverage on Mplx in a report on Monday, June 10th. They issued a “market perform” rating and a $35.00 target price on the stock. Janney Montgomery Scott started coverage on Four Corners Property Trust in a report on Friday, June 21st. They issued a “buy” rating and a $32.00 target price on the stock. Finally, Stifel Nicolaus raised their target price on Raytheon from $205.00 to $218.00 and gave the company a “buy” rating in a report on Monday, June 10th.

Shares of PSTL stock traded down $0.03 during trading hours on Monday, reaching $14.71. The company had a trading volume of 7,900 shares, compared to its average volume of 46,947. Postal Realty Trust has a 12 month low of $14.25 and a 12 month high of $17.37. The firm has a fifty day moving average of $15.37.

The firm also recently declared an annual dividend, which will be paid on Wednesday, July 31st. Investors of record on Tuesday, July 9th will be issued a dividend of $0.063 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a yield of 0.41%.

A number of institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC bought a new stake in Postal Realty Trust during the second quarter worth $447,000. State of New Jersey Common Pension Fund D bought a new stake in Postal Realty Trust during the second quarter worth $1,260,000. Finally, Taylor Wealth Management Partners bought a new stake in Postal Realty Trust during the second quarter worth $5,132,000.

Postal Realty Trust Company Profile

Postal Realty Trust, Inc is an internally managed real estate investment trust that will own and manage properties leased to the United States Postal Service, or USPS. Upon completion of the offering and related formation transactions, the Company will own and manage an initial portfolio of 271 postal properties located in 41 states comprising 871,843 net leasable interior square feet, all of which are leased to the USPS, and through its taxable REIT subsidiary will provide fee-based third party property management services for an additional 404 postal properties leased to the USPS and owned by family members of Andrew Spodek, the Company's chief executive officer, and their partners.

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Analyst Recommendations for Postal Realty Trust (NASDAQ:PSTL)

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