Scotiabank raised the firm’s price target on Postal Realty Trust (PSTL) to $26 from $23 and keeps an Outperform rating on the shares. Q1 earnings in the net lease REIT space was characterized by increased AFFO and investment guidance across the firm’s coverage, with many REITs issuing forward equity during/after the quarter to address funding needs for the year, the analyst tells investors in a research note.
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