Ancora Advisors LLC Acquires 25,885 Shares of Postal Realty Trust, Inc. (NYSE:PSTL)

Ancora Advisors LLC grew its stake in shares of Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) by 11.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 256,719 shares of the company's stock after buying an additional 25,885 shares during the period. Ancora Advisors LLC owned 1.09% of Postal Realty Trust worth $3,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Zacks Investment Management bought a new position in shares of Postal Realty Trust in the 4th quarter valued at about $2,264,000. Proficio Capital Partners LLC purchased a new position in shares of Postal Realty Trust in the 4th quarter worth approximately $1,460,000. Vanguard Group Inc. increased its position in shares of Postal Realty Trust by 9.4% during the 4th quarter. Vanguard Group Inc. now owns 1,255,253 shares of the company's stock valued at $16,381,000 after purchasing an additional 107,887 shares during the last quarter. Foundry Partners LLC lifted its position in Postal Realty Trust by 21.3% in the fourth quarter. Foundry Partners LLC now owns 401,060 shares of the company's stock worth $5,234,000 after buying an additional 70,299 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Postal Realty Trust by 27.1% during the fourth quarter. Renaissance Technologies LLC now owns 321,850 shares of the company's stock valued at $4,200,000 after acquiring an additional 68,600 shares during the last quarter. Hedge funds and other institutional investors own 57.89% of the company's stock.

Postal Realty Trust Trading Up 0.5 %

PSTL traded up $0.06 during trading hours on Friday, reaching $12.65. 56,087 shares of the company's stock traded hands, compared to its average volume of 132,252. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.90. The firm has a 50-day moving average price of $13.56 and a 200 day moving average price of $13.54. Postal Realty Trust, Inc. has a 52-week low of $12.26 and a 52-week high of $15.15. The firm has a market capitalization of $298.00 million, a PE ratio of 158.14 and a beta of 0.81.

Postal Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 1st will be paid a $0.2425 dividend. This represents a $0.97 annualized dividend and a yield of 7.67%. The ex-dividend date of this dividend is Thursday, May 1st. Postal Realty Trust's dividend payout ratio is presently 346.43%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus cut their price target on shares of Postal Realty Trust from $16.75 to $16.50 and set a "buy" rating on the stock in a report on Thursday, May 1st.

Insider Buying and Selling at Postal Realty Trust

In other Postal Realty Trust news, CAO Matt Brandwein sold 15,142 shares of Postal Realty Trust stock in a transaction on Monday, March 17th. The stock was sold at an average price of $14.25, for a total transaction of $215,773.50. Following the completion of the sale, the chief accounting officer now directly owns 116,573 shares of the company's stock, valued at $1,661,165.25. The trade was a 11.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 19,452 shares of company stock valued at $277,332 in the last three months. Company insiders own 13.70% of the company's stock.

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.