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Investing.com - Stifel raised its price target on Postal Realty Trust (NYSE:PSTL) stock to $18.25 from $16.50 while maintaining a Buy rating on Friday. The stock, currently trading near its 52-week high of $15.15, has demonstrated strong momentum with a 21.05% return over the past six months, according to InvestingPro data.
The research firm adjusted its Net Asset Value (NAV) estimate for the real estate investment trust, which specializes in properties leased to the United States Postal Service.
Stifel’s new first-quarter NAV estimate stands at $20.25, reflecting a 7.25% capitalization rate for the postal property portfolio.
The firm established an NAV value range of $22.25-$18.25 for Postal Realty Trust, based on capitalization rates between 6.75% and 7.75%.
According to Stifel’s analysis, Postal Realty Trust currently trades at an 8.75% implied capitalization rate, suggesting potential undervaluation compared to the firm’s estimated NAV.
In other recent news, Postal Realty Trust reported strong financial results for the first quarter of 2025, surpassing both earnings and revenue forecasts. The company achieved an earnings per share of $0.06, exceeding the expected $0.05, and generated revenue of $22.15 million, which outpaced the forecast of $18.58 million. Postal Realty Trust also maintained a high occupancy rate of 99.8% and increased its quarterly dividend by 1%. Additionally, the company held its 2025 Annual Meeting of Stockholders, where shareholders elected five directors and ratified Deloitte & Touche LLP as the independent auditor for the fiscal year ending December 31, 2025. In leadership news, CFO Robert Klein announced his resignation to join a privately-held real estate company, with Jeremy Garber stepping in as interim CFO. The company continues to focus on strategic lease renewals and rent escalations, which are expected to positively impact future performance. Furthermore, Postal Realty Trust provided an optimistic outlook for 2025, anticipating an acquisition volume between $80 million and $90 million.
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