DA Davidson Begins Coverage on Postal Realty Trust (NASDAQ:PSTL)

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DA Davidson initiated coverage on shares of Postal Realty Trust (NASDAQ:PSTL) in a research note released on Monday morning, BenzingaRatingsTable reports. The firm issued a buy rating on the stock. DA Davidson also issued estimates for Postal Realty Trust’s Q3 2019 earnings at $0.17 EPS, Q4 2019 earnings at $0.18 EPS, FY2019 earnings at $0.69 EPS, Q1 2020 earnings at $0.20 EPS, Q2 2020 earnings at $0.23 EPS, Q3 2020 earnings at $0.26 EPS, Q4 2020 earnings at $0.27 EPS and FY2020 earnings at $0.96 EPS.

A number of other research analysts also recently issued reports on the stock. BMO Capital Markets started coverage on shares of Postal Realty Trust in a research report on Monday. They issued an outperform rating and a $18.00 price target on the stock. Stifel Nicolaus started coverage on shares of Postal Realty Trust in a research report on Monday. They issued a buy rating and a $18.00 price target on the stock.

Postal Realty Trust stock opened at $15.98 on Monday. Postal Realty Trust has a 1 year low of $14.29 and a 1 year high of $17.37.

About Postal Realty Trust

Postal Realty Trust, Inc is an internally managed real estate investment trust that will own and manage properties leased to the United States Postal Service, or USPS. Upon completion of the offering and related formation transactions, the Company will own and manage an initial portfolio of 271 postal properties located in 41 states comprising 871,843 net leasable interior square feet, all of which are leased to the USPS, and through its taxable REIT subsidiary will provide fee-based third party property management services for an additional 404 postal properties leased to the USPS and owned by family members of Andrew Spodek, the Company's chief executive officer, and their partners.

Further Reading: P/E Growth (PEG)

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