FJ Capital Management LLC purchased a new stake in shares of Postal Realty Trust, Inc. (NYSE:PSTL – Free Report) during the fourth quarter, HoldingsChannel reports. The fund purchased 23,481 shares of the company’s stock, valued at approximately $379,000.
Several other hedge funds and other institutional investors have also made changes to their positions in PSTL. Millennium Management LLC boosted its holdings in shares of 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 purchasing an additional 287,027 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Postal Realty Trust by 384.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 248,656 shares of the company’s stock valued at $3,901,000 after purchasing an additional 197,361 shares during the last quarter. Man Group plc bought a new position in shares of Postal Realty Trust during the 2nd quarter valued at about $2,590,000. DigitalBridge Group Inc. bought a new position in shares of Postal Realty Trust during the 4th quarter valued at about $2,634,000. Finally, CSM Advisors LLC boosted its holdings in shares of Postal Realty Trust by 60.3% during the 3rd quarter. CSM Advisors LLC now owns 388,200 shares of the company’s stock valued at $6,091,000 after purchasing an additional 146,055 shares during the last quarter. Institutional investors own 57.89% of the company’s stock.
Postal Realty Trust Stock Up 1.0%
Shares of NYSE:PSTL opened at $23.84 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.04. Postal Realty Trust, Inc. has a 12 month low of $13.59 and a 12 month high of $24.49. The company has a 50-day moving average price of $22.04 and a 200 day moving average price of $19.17. The company has a market cap of $658.42 million, a price-to-earnings ratio of 46.74 and a beta of 0.79.
Postal Realty Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Friday, May 15th. Postal Realty Trust’s dividend payout ratio is 192.16%.
Wall Street Analysts Forecast Growth
Several research analysts have commented on PSTL shares. Jefferies Financial Group reissued a “buy” rating and set a $24.00 price objective on shares of Postal Realty Trust in a report on Wednesday, February 25th. Stifel Nicolaus increased their price objective on shares of Postal Realty Trust from $22.25 to $23.25 and gave the company a “buy” rating in a report on Wednesday, May 6th. Zacks Research downgraded shares of Postal Realty Trust from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Postal Realty Trust in a report on Tuesday, April 14th. Finally, Scotiabank increased their price objective on shares of Postal Realty Trust from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.54.
Get Our Latest Stock Report on PSTL
Postal Realty Trust 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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