Tred Avon Family Wealth LLC acquired a new position in shares of Postal Realty Trust, Inc. (NYSE:PSTL – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 51,871 shares of the company’s stock, valued at approximately $814,000.
Other large investors have also modified their holdings of the company. Campbell & CO Investment Adviser LLC acquired a new position in Postal Realty Trust during the 3rd quarter worth approximately $260,000. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of Postal Realty Trust during the third quarter valued at approximately $2,433,000. Canton Hathaway LLC acquired a new position in shares of Postal Realty Trust during the third quarter worth $590,000. North Star Investment Management Corp. boosted its stake in shares of Postal Realty Trust by 0.4% in the third quarter. North Star Investment Management Corp. now owns 496,165 shares of the company’s stock valued at $7,785,000 after purchasing an additional 2,000 shares during the period. Finally, Nvwm LLC grew its holdings in Postal Realty Trust by 4.6% during the 3rd quarter. Nvwm LLC now owns 45,754 shares of the company’s stock valued at $718,000 after purchasing an additional 2,008 shares in the last quarter. Institutional investors and hedge funds own 57.89% of the company’s stock.
Postal Realty Trust Stock Up 0.9%
NYSE:PSTL opened at $17.50 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $456.10 million, a price-to-earnings ratio of 36.46 and a beta of 0.75. Postal Realty Trust, Inc. has a one year low of $12.26 and a one year high of $17.59. The stock has a 50-day simple moving average of $15.84 and a 200 day simple moving average of $15.37.
Postal Realty Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Tuesday, November 4th were issued a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend was Tuesday, November 4th. Postal Realty Trust’s dividend payout ratio is 202.08%.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the stock. Truist Financial boosted their price objective on shares of Postal Realty Trust from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Wednesday, December 17th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Postal Realty Trust in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on Postal Realty Trust from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday, September 30th. Finally, Wall Street Zen lowered Postal Realty Trust from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.58.
Check Out Our Latest Stock Analysis 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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