Postal Realty Trust (PSTL) PT Raised to $18.25 at Stifel

Stifel analyst Simon Yarmak raised the price target on Postal Realty Trust (NYSE: PSTL) to $18.25 (from $16.50) while maintaining a Buy rating.

The analyst commented, "We met with the management team of Postal Realty Trust.Adjusting NAV. Our new 1Q NAV estimate of $20.25 reflects a 7.25% cap rate. Our NAV value range of $22.25-18.25 reflects a cap rate of 6.75-7.75%. The company currently trades at an 8.75% implied cap rate."

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