FJ Capital Management LLC acquired a new position in Postal Realty Trust, Inc. (NYSE:PSTL – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 23,481 shares of the company’s stock, valued at approximately $379,000. FJ Capital Management LLC owned about 0.09% of Postal Realty Trust as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Comerica Bank raised its stake in Postal Realty Trust by 151.0% during the 1st quarter. Comerica Bank now owns 4,287 shares of the company’s stock valued at $61,000 after buying an additional 2,579 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Postal Realty Trust by 6.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,204 shares of the company’s stock valued at $189,000 after buying an additional 844 shares during the last quarter. Millennium Management LLC raised its stake in Postal Realty Trust by 313.7% during the 1st quarter. Millennium Management LLC now owns 378,517 shares of the company’s stock valued at $5,405,000 after buying an additional 287,027 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Postal Realty Trust by 5.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 99,179 shares of the company’s stock valued at $1,416,000 after buying an additional 4,759 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in Postal Realty Trust by 234.2% during the 1st quarter. Jane Street Group LLC now owns 61,517 shares of the company’s stock valued at $878,000 after buying an additional 43,111 shares during the last quarter. 57.89% of the stock is currently owned by hedge funds and other institutional investors.
Postal Realty Trust Price Performance
NYSE:PSTL opened at $23.84 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 1.04. The business’s 50-day simple moving average is $22.04 and its two-hundred day simple moving average is $19.17. The stock has a market cap of $658.42 million, a PE ratio of 46.74 and a beta of 0.79. Postal Realty Trust, Inc. has a 52 week low of $13.59 and a 52 week high of $24.49.
Postal Realty Trust Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a dividend of $0.245 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.98 dividend on an annualized basis and a yield of 4.1%. Postal Realty Trust’s dividend payout ratio (DPR) is currently 192.16%.
Analysts Set New Price Targets
A number of brokerages have weighed in on PSTL. BMO Capital Markets upgraded shares of Postal Realty Trust from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a research note on Friday, April 17th. Stifel Nicolaus boosted their target price on shares of Postal Realty Trust from $22.25 to $23.25 and gave the company a “buy” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. boosted their target price on shares of Postal Realty Trust from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, March 16th. Scotiabank boosted their target price on shares of Postal Realty Trust from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Postal Realty Trust in a research note on Tuesday, April 14th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $23.54.
View Our Latest Report on Postal Realty Trust
Postal Realty Trust Company Profile
Postal Realty Trust is a real estate investment trust that acquires, owns and manages single-tenant commercial properties net-leased primarily to the United States Postal Service and other government agencies. The trust focuses on facilities that support mail processing, distribution and retail operations, targeting assets that offer long-term, inflation-protected lease structures.
The company’s portfolio includes post offices, distribution centers and mail processing facilities located throughout the contiguous United States.
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