BlackRock Fund Advisors recently announced the acquisition of new stake in Postal Realty Trust Inc. (NYSE:PSTL). The institutional investor has increased its shareholding in the Real Estate company by 2.95% to 1.0 million shares with purchase of 28512.0 shares. This fresh investment now brings its stake to 5.23% valued currently at $14.46 million. In addition, The Vanguard Group, Inc. raised its holdings by 19565.0 to 0.83 million shares. And FIAM LLC has lifted its position by 564.79% or 0.49 million shares – to 0.57 million shares.
With over 0.11 million Postal Realty Trust Inc. (PSTL) shares trading Monday and a closing price of $15.13 on the day, the dollar volume was approximately $1.7 million. The shares have shown a negative half year performance of -3.88% and its price on 01/23/23 gained nearly 1.07%. Currently, there are 18.55M common shares owned by the public and among those 17.82M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 8 analysts who have offered their price forecasts for PSTL have a consensus price objective of $17.44. The analysts have set the share’s price value over the next 12 months at a high of $20.00 and a low of $15.50. The average price target is 13.84% above its recent price level and an upside to the estimated low will see the stock gain 2.39% over that period. But an upside of 24.35% will see the stock hit the forecast high price target while median target price for the stock is $17.00.
Insiders at the company have transacted a total of 31 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 20 of these insider trades were purchases, accounting for 157,460 shares. Insider sales of the common stock occurred on 11 occasions, with total insider shares sold totaling 46,423 shares.
The top 3 mutual fund holders in Postal Realty Trust Inc. are Fidelity Real Estate Income Fund, Fidelity Advisor Series I – Stock, and Vanguard Total Stock Market Index. Fidelity Real Estate Income Fund owns 0.88 million shares of the company’s stock, all valued at over $12.76 million. Vanguard Total Stock Market Index now owns shares totaling to 2.65% of the shares outstanding.
Shares of Postal Realty Trust Inc. (NYSE: PSTL) opened at $15.00, up $0.03 from a prior closing price of $14.97. However, the script later moved the day high at 15.28, up 1.07%. The company’s stock has a 5-day price change of 0.20% and 0.00% over the past three months. PSTL shares are trading 4.13% year to date (YTD), with the 12-month market performance down to -13.39% lower. It has a 12-month low price of $14.14 and touched a high of $18.78 over the same period. PSTL has an average intraday trading volume of 101.35K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.49%, 0.13%, and -2.59% respectively.
Institutional ownership of Postal Realty Trust Inc. (NYSE: PSTL) shares accounts for 72.50% of the company’s 18.55M shares outstanding. Mutual fund holders own 39.61%, while other institutional holders and individual stakeholders account for 6.72% and 32.84% respectively.
It has a market capitalization of $287.92M and a beta (3y monthly) value of 0.62. The stock’s trailing 12-month PE ratio is 114.62, while the earnings-per-share (ttm) stands at $0.13. The company has a debt-to-equity ratio at 0.84. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.65% over the week and 2.29% over the month.
Analysts forecast that Postal Realty Trust Inc. (PSTL) will achieve an EPS of $0.03 for the current quarter, $0.03 for the next quarter and $0.11 for 2023. The lowest estimate earnings-per-share for the quarter is $0.03 while analysts give the company a high EPS estimate of $0.04. Comparatively, EPS for the current quarter was $0.03 a year ago. Earnings per share for the fiscal year are expected to increase by 202.50%, and -100.00% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 8 brokerage firm advisors rate Postal Realty Trust Inc. (PSTL) as a “Strong Buy” at a consensus score of 1.70. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 3 of the 8 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the PSTL, a number of firms have released research notes about the stock. BMO Capital Markets stated their Market Perform rating for the stock in a research note on March 25, 2022, with the firm’s price target at $22-$19. Truist coverage for the Postal Realty Trust Inc. (PSTL) stock in a research note released on February 07, 2022 offered a Hold rating with a price target of $19. Colliers Securities was of a view on November 03, 2021 that the stock is Buy, while Jefferies gave the stock Buy rating on September 14, 2020, issuing a price target of $20. Compass Point on their part issued Neutral rating on August 17, 2020.