PharVision Advisers LLC Acquires New Shares in Postal Realty Trust, Inc. $PSTL

Key Points

• PharVision Advisers LLC purchased 37,207 shares of Postal Realty Trust, valued at approximately $531,000, making it the firm's 11th largest holding.
• The company's stock has a market capitalization of $391.56 million, a price-to-earnings (PE) ratio of 41.92, and a dividend yield of 6.1%.
• Recent analysts have set a price target of $17.75 on PSTL shares, with an average rating of "Buy" from market analysts.

PharVision Advisers LLC bought a new position in shares of Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 37,207 shares of the company's stock, valued at approximately $531,000. Postal Realty Trust makes up approximately 0.7% of PharVision Advisers LLC's investment portfolio, making the stock its 11th biggest position. PharVision Advisers LLC owned approximately 0.16% of Postal Realty Trust at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Gilman Hill Asset Management LLC grew its stake in Postal Realty Trust by 6.5% during the first quarter. Gilman Hill Asset Management LLC now owns 581,220 shares of the company's stock worth $8,300,000 after buying an additional 35,595 shares during the last quarter. North Star Investment Management Corp. raised its stake in shares of Postal Realty Trust by 0.6% in the first quarter. North Star Investment Management Corp. now owns 494,165 shares of the company's stock valued at $7,057,000 after acquiring an additional 2,775 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Postal Realty Trust by 313.7% in the 1st quarter. Millennium Management LLC now owns 378,517 shares of the company's stock worth $5,405,000 after acquiring an additional 287,027 shares in the last quarter. Nuveen Asset Management LLC grew its position in Postal Realty Trust by 0.3% during the 4th quarter. Nuveen Asset Management LLC now owns 302,135 shares of the company's stock worth $3,943,000 after acquiring an additional 916 shares during the last quarter. Finally, Ancora Advisors LLC grew its position in Postal Realty Trust by 2.1% during the 1st quarter. Ancora Advisors LLC now owns 262,029 shares of the company's stock worth $3,742,000 after acquiring an additional 5,310 shares during the last quarter. 57.89% of the stock is owned by institutional investors.

Postal Realty Trust Trading Down 0.3%

Postal Realty Trust stock traded down $0.05 during mid-day trading on Wednesday, hitting $15.90. The stock had a trading volume of 112,854 shares, compared to its average volume of 171,913. The stock has a 50-day simple moving average of $14.91 and a two-hundred day simple moving average of $14.16. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $390.85 million, a PE ratio of 41.85 and a beta of 0.86. Postal Realty Trust, Inc. has a 12 month low of $12.26 and a 12 month high of $16.05.

Postal Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Thursday, July 31st were given a dividend of $0.2425 per share. The ex-dividend date was Thursday, July 31st. This represents a $0.97 annualized dividend and a dividend yield of 6.1%. Postal Realty Trust's payout ratio is currently 255.26%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Stifel Nicolaus set a $17.75 price objective on Postal Realty Trust and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Wall Street Zen raised Postal Realty Trust from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $17.75.

About Postal Realty Trust

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.