AlphaQuest LLC Makes New $340,000 Investment in Postal Realty Trust, Inc. $PSTL

Key Points

• AlphaQuest LLC has made a new investment in Postal Realty Trust, Inc., purchasing 23,813 shares valued at approximately $340,000 during the first quarter of 2023.
• The company recently announced a quarterly dividend of $0.2425 per share, representing an annual yield of 6.2%, with a payout ratio currently at 255.26%.
• Analysts have mostly rated Postal Realty Trust stock as a "buy", with a consensus price target of $17.75 per share, indicating potential for growth.

AlphaQuest LLC acquired a new position in Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 23,813 shares of the company's stock, valued at approximately $340,000. AlphaQuest LLC owned approximately 0.10% of Postal Realty Trust as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Gilman Hill Asset Management LLC increased its stake in shares of 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 valued at $8,300,000 after buying an additional 35,595 shares during the period. North Star Investment Management Corp. raised its holdings in shares of Postal Realty Trust by 0.6% in the 1st quarter. North Star Investment Management Corp. now owns 494,165 shares of the company's stock valued at $7,057,000 after purchasing an additional 2,775 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Postal Realty Trust by 5.1% in the 4th quarter. Stifel Financial Corp now owns 327,936 shares of the company's stock worth $4,280,000 after purchasing an additional 15,907 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of Postal Realty Trust by 0.3% during the fourth quarter. Nuveen Asset Management LLC now owns 302,135 shares of the company's stock valued at $3,943,000 after purchasing an additional 916 shares in the last quarter. Finally, Ancora Advisors LLC increased its holdings in Postal Realty Trust by 11.2% during the fourth quarter. Ancora Advisors LLC now owns 256,719 shares of the company's stock valued at $3,350,000 after buying an additional 25,885 shares during the period. 57.89% of the stock is currently owned by hedge funds and other institutional investors.

Postal Realty Trust Stock Performance

PSTL stock traded down $0.07 during trading on Tuesday, reaching $15.78. The company had a trading volume of 187,944 shares, compared to its average volume of 142,376. The company has a market cap of $387.75 million, a price-to-earnings ratio of 41.51 and a beta of 0.86. Postal Realty Trust, Inc. has a twelve month low of $12.26 and a twelve month high of $15.89. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a 50-day simple moving average of $14.81 and a 200-day simple moving average of $14.06.

Postal Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, July 31st were paid a $0.2425 dividend. The ex-dividend date was Thursday, July 31st. This represents a $0.97 dividend on an annualized basis and a yield of 6.1%. Postal Realty Trust's dividend payout ratio (DPR) is 255.26%.

Analysts Set New Price Targets

PSTL has been the topic of several recent research reports. Stifel Nicolaus set a $17.75 target price on Postal Realty Trust and gave the company a "buy" rating in a research report on Tuesday, August 5th. Wall Street Zen upgraded Postal Realty Trust from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Postal Realty Trust currently has an average rating of "Buy" and an average price target of $17.75.

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.