Mendel Money Management Acquires 3,361 Shares of Postal Realty Trust, Inc. $PSTL

Mendel Money Management grew its holdings in Postal Realty Trust, Inc. (NYSE:PSTL) by 20.4% in the 2nd quarter, Holdings Channel reports. The fund owned 19,806 shares of the company’s stock after purchasing an additional 3,361 shares during the quarter. Mendel Money Management’s holdings in Postal Realty Trust were worth $292,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PSTL. Cullen Frost Bankers Inc. increased its holdings in shares of Postal Realty Trust by 225.2% in the second quarter. Cullen Frost Bankers Inc. now owns 2,026 shares of the company’s stock worth $30,000 after acquiring an additional 1,403 shares in the last quarter. CWM LLC increased its holdings in shares of Postal Realty Trust by 195.5% in the second quarter. CWM LLC now owns 2,237 shares of the company’s stock worth $33,000 after acquiring an additional 1,480 shares in the last quarter. Strs Ohio bought a new stake in shares of Postal Realty Trust in the first quarter worth about $54,000. Comerica Bank increased its holdings in shares of Postal Realty Trust by 151.0% in the first quarter. Comerica Bank now owns 4,287 shares of the company’s stock worth $61,000 after acquiring an additional 2,579 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Postal Realty Trust in the first quarter worth about $71,000. 57.89% of the stock is currently owned by institutional investors.

Postal Realty Trust Stock Down 0.6%

PSTL stock opened at $15.18 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.01. The business has a 50 day moving average price of $15.52 and a two-hundred day moving average price of $14.58. The company has a market cap of $373.00 million, a price-to-earnings ratio of 39.94 and a beta of 0.86. Postal Realty Trust, Inc. has a twelve month low of $12.26 and a twelve month high of $16.50.

Postal Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Tuesday, November 4th will be paid a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date is Tuesday, November 4th. Postal Realty Trust’s dividend payout ratio (DPR) is currently 255.26%.

Analyst Ratings Changes

Several brokerages have issued reports on PSTL. Stifel Nicolaus set a $17.75 price target on Postal Realty Trust and gave the stock a “buy” rating in a report on Tuesday, August 5th. JPMorgan Chase & Co. increased their price objective on Postal Realty Trust from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, September 30th. Wall Street Zen upgraded Postal Realty Trust from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Postal Realty Trust in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.38.

Insiders Place Their Bets

In other Postal Realty Trust news, CAO Matt Brandwein sold 4,112 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $16.00, for a total value of $65,792.00. Following the completion of the transaction, the chief accounting officer directly owned 109,722 shares in the company, valued at $1,755,552. This trade represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 13.20% of the stock is currently owned by corporate insiders.

Postal Realty Trust Profile

Postal Realty Trust, Inc (NYSE: PSTL) is an internally managed real estate investment trust that owns properties primarily leased to the United States Postal Service ("USPS"). PSTL is focused on acquiring the network of USPS properties, which provide a critical element of the nation's logistics infrastructure that facilitates cost effective and efficient last-mile delivery solutions.