Los Angeles Capital Management LLC grew its stake in shares of Postal Realty Trust, Inc. (NYSE:PSTL – Free Report) by 58.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 214,079 shares of the company’s stock after acquiring an additional 79,339 shares during the period. Los Angeles Capital Management LLC owned about 0.90% of Postal Realty Trust worth $3,153,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of PSTL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Postal Realty Trust by 6.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,204 shares of the company’s stock worth $189,000 after purchasing an additional 844 shares during the period. Resona Asset Management Co. Ltd. increased its stake in Postal Realty Trust by 10.1% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 9,809 shares of the company’s stock worth $138,000 after purchasing an additional 898 shares in the last quarter. Invesco Ltd. raised its holdings in Postal Realty Trust by 3.5% during the 1st quarter. Invesco Ltd. now owns 29,514 shares of the company’s stock worth $421,000 after buying an additional 999 shares during the period. Cullen Frost Bankers Inc. raised its holdings in Postal Realty Trust by 225.2% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,026 shares of the company’s stock worth $30,000 after buying an additional 1,403 shares during the period. Finally, CWM LLC lifted its stake in Postal Realty Trust by 195.5% during the second quarter. CWM LLC now owns 2,237 shares of the company’s stock valued at $33,000 after buying an additional 1,480 shares in the last quarter. 57.89% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Postal Realty Trust from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Postal Realty Trust in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on shares of 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, Stifel Nicolaus set a $17.75 target price on Postal Realty Trust and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.38.
Insider Buying and Selling
In other Postal Realty Trust news, CAO Matt Brandwein sold 4,112 shares of the company’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $16.00, for a total value of $65,792.00. Following the transaction, the chief accounting officer directly owned 109,722 shares of the company’s stock, valued at $1,755,552. This represents a 3.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.20% of the stock is owned by company insiders.
Postal Realty Trust Stock Performance
Shares of PSTL opened at $15.60 on Tuesday. The company has a market capitalization of $383.42 million, a PE ratio of 32.50 and a beta of 0.84. 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’s 50 day moving average price is $15.43 and its 200 day moving average price is $14.70. Postal Realty Trust, Inc. has a 52 week low of $12.26 and a 52 week high of $16.50.
Postal Realty Trust (NYSE:PSTL – Get Free Report) last issued its earnings results on Tuesday, November 4th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.18). Postal Realty Trust had a net margin of 15.36% and a return on equity of 4.29%. The company had revenue of $24.33 million for the quarter, compared to analyst estimates of $22.46 million. Postal Realty Trust has set its FY 2025 guidance at 1.300-1.32 EPS. Research analysts expect that Postal Realty Trust, Inc. will post 0.84 EPS for the current fiscal year.
Postal Realty Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Tuesday, November 4th will be given a dividend of $0.2425 per share. The ex-dividend date of this dividend is Tuesday, November 4th. This represents a $0.97 dividend on an annualized basis and a yield of 6.2%. Postal Realty Trust’s dividend payout ratio (DPR) is presently 202.08%.
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.
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