Analyst Barry Oxford from Colliers Securities maintained a Buy rating on Postal Realty (PSTL – Research Report) and keeping the price target at $15.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Barry Oxford’s rating is based on the strong and reliable cash flow streams from Postal Realty Trust’s leases, which are backed by the US Postal Service. This provides a level of certainty and stability that supports the investment thesis. The company’s recent financial performance has been robust, with earnings exceeding expectations due to catch-up rent payments and a high occupancy rate of 99.8%.
Moreover, Postal Realty Trust has been successful in executing new leases with the USPS and maintaining favorable lease terms, including annual rent increases. The company’s strategic acquisitions of USPS-leased properties at attractive cap rates further bolster its growth prospects. Additionally, Postal Realty Trust maintains a healthy balance sheet with significant liquidity and manageable debt levels, positioning it well for future opportunities.
According to TipRanks, Oxford is a 3-star analyst with an average return of 0.6% and a 51.52% success rate. Oxford covers the Real Estate sector, focusing on stocks such as Postal Realty, Mid-America Apartment, and Whitestone REIT.
In another report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a $16.50 price target.