Principal Financial Group Inc. Takes Position in Postal Realty Trust, Inc. $PSTL

Principal Financial Group Inc. purchased a new position in shares of Postal Realty Trust, Inc. (NYSE:PSTL) in the first quarter, HoldingsChannel reports. The firm purchased 44,263 shares of the company’s stock, valued at approximately $822,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Comerica Bank lifted its position in Postal Realty Trust by 151.0% in the first quarter. Comerica Bank now owns 4,287 shares of the company’s stock valued at $61,000 after buying an additional 2,579 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Postal Realty Trust by 6.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,204 shares of the company’s stock worth $189,000 after buying an additional 844 shares during the period. Millennium Management LLC increased its position in shares of 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. Goldman Sachs Group Inc. increased its position in shares of Postal Realty Trust by 5.0% during the first quarter. Goldman Sachs Group Inc. now owns 99,179 shares of the company’s stock valued at $1,416,000 after acquiring an additional 4,759 shares during the last quarter. Finally, Jane Street Group LLC increased its position in shares of Postal Realty Trust by 234.2% during the first quarter. Jane Street Group LLC now owns 61,517 shares of the company’s stock valued at $878,000 after acquiring an additional 43,111 shares during the last quarter. 57.89% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PSTL. Truist Financial upped their price objective on shares of Postal Realty Trust from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Zacks Research upgraded shares of Postal Realty Trust from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. BMO Capital Markets upgraded shares of Postal Realty Trust from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a report on Friday, April 17th. Stifel Nicolaus boosted their target price on Postal Realty Trust from $22.25 to $23.25 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, Scotiabank decreased their price target on Postal Realty Trust from $26.00 to $25.00 and set a “sector outperform” rating on the stock in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $23.38.

Postal Realty Trust Stock Performance

Shares of Postal Realty Trust stock opened at $23.02 on Friday. The stock has a market capitalization of $635.90 million, a price-to-earnings ratio of 45.14 and a beta of 0.79. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.43 and a quick ratio of 1.43. The business has a 50-day moving average of $23.67 and a 200 day moving average of $21.16. Postal Realty Trust, Inc. has a 12 month low of $13.59 and a 12 month high of $25.22.

Postal Realty Trust (NYSE:PSTL) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $26.65 million for the quarter, compared to analyst estimates of $25.43 million. Postal Realty Trust had a net margin of 15.84% and a return on equity of 4.53%. Postal Realty Trust has set its FY 2026 guidance at 1.400-1.420 EPS. As a group, sell-side analysts forecast that Postal Realty Trust, Inc. will post 1.22 earnings per share for the current year.

Postal Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a $0.245 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 4.3%. Postal Realty Trust’s payout ratio is 192.16%.

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.