Ballentine Partners LLC Acquires Shares of 30,567 Postal Realty Trust, Inc. (NYSE:PSTL)

Ballentine Partners LLC bought a new stake in shares of Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 30,567 shares of the company's stock, valued at approximately $436,000. Ballentine Partners LLC owned approximately 0.13% of Postal Realty Trust at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cornerstone Investment Partners LLC acquired a new stake in shares of Postal Realty Trust in the 1st quarter worth $163,000. Round Rock Advisors LLC acquired a new position in Postal Realty Trust in the 1st quarter valued at about $275,000. Pekin Hardy Strauss Inc. grew its position in Postal Realty Trust by 8.4% in the 1st quarter. Pekin Hardy Strauss Inc. now owns 16,100 shares of the company's stock valued at $230,000 after acquiring an additional 1,250 shares in the last quarter. Penserra Capital Management LLC boosted its stake in shares of Postal Realty Trust by 21.0% in the 1st quarter. Penserra Capital Management LLC now owns 80,268 shares of the company's stock valued at $1,146,000 after buying an additional 13,907 shares during the period. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Postal Realty Trust by 6.5% in the 1st quarter. Asset Management One Co. Ltd. now owns 57,837 shares of the company's stock valued at $826,000 after buying an additional 3,511 shares during the period. Hedge funds and other institutional investors own 57.89% of the company's stock.

Analyst Ratings Changes

PSTL has been the subject of several recent analyst reports. Stifel Nicolaus decreased their target price on Postal Realty Trust from $16.75 to $16.50 and set a "buy" rating for the company in a research note on Thursday, May 1st. Wall Street Zen raised Postal Realty Trust from a "hold" rating to a "buy" rating in a report on Saturday, May 24th.

Postal Realty Trust Price Performance

PSTL stock traded down $0.15 on Friday, reaching $14.47. 47,142 shares of the company's stock were exchanged, compared to its average volume of 143,676. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.97. The firm has a market cap of $344.55 million, a PE ratio of 51.71 and a beta of 0.81. Postal Realty Trust, Inc. has a twelve month low of $12.26 and a twelve month high of $15.42. The stock has a fifty day moving average of $14.29 and a 200-day moving average of $13.67.

Postal Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 1st were given a dividend of $0.2425 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $0.97 annualized dividend and a yield of 6.70%. Postal Realty Trust's dividend payout ratio (DPR) is presently 346.43%.

Postal Realty Trust Company 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.