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Postal Realty Trust (PSTL) Stock Jumps 5%: Will It Continue to Soar?

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Zacks Equity Research
·2 min read
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Postal Realty Trust (PSTL) shares soared 5% in the last trading session to close at $16.55. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 2.5% loss over the past four weeks.

The increased optimism can be attributed to Postal Realty’s better-than-expected results for fourth-quarter 2020, which were backed by 100% occupancy and rental income growth, indicating accretive property buyouts. The market is also upbeat about the company’s pace of leasing and efforts to continue expanding the portfolio with acquisitions.

Price and Consensus

Price Consensus Chart for PSTL
Price Consensus Chart for PSTL

This company is expected to post quarterly funds from operations (FFO) of $0.27 per share in its upcoming report, which represents a year-over-year change of +28.6%. Revenues are expected to be $7.3 million, up 40.4% from the year-ago quarter.

While FFO and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in FFO estimate revisions and near-term stock price movements.

For Postal Realty Trust, the consensus FFO estimate for the quarter has been revised 2.1% lower over the last 30 days to the current level. And a negative trend in FFO estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on PSTL going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank 3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>


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