AlphaQuest LLC Buys Shares of 23,813 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 bought a new position in Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 23,813 shares of the company's stock, valued at approximately $340,000. AlphaQuest LLC owned about 0.10% of Postal Realty Trust at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Parallel Advisors LLC increased its holdings in Postal Realty Trust by 964.5% during the first quarter. Parallel Advisors LLC now owns 1,948 shares of the company's stock worth $28,000 after buying an additional 1,765 shares during the last quarter. NBC Securities Inc. increased its holdings in shares of Postal Realty Trust by 124,900.0% in the 1st quarter. NBC Securities Inc. now owns 3,750 shares of the company's stock worth $53,000 after buying an additional 3,747 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in Postal Realty Trust in the 1st quarter worth approximately $71,000. Signaturefd LLC boosted its position in Postal Realty Trust by 206.0% during the first quarter. Signaturefd LLC now owns 5,679 shares of the company's stock valued at $81,000 after buying an additional 3,823 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Postal Realty Trust in the first quarter worth approximately $95,000. Institutional investors own 57.89% of the company's stock.

Wall Street Analyst Weigh In

PSTL has been the topic of several research reports. Stifel Nicolaus set a $17.75 price objective on Postal Realty Trust and gave the company a "buy" rating in a research report on Tuesday, August 5th. Wall Street Zen raised shares of Postal Realty Trust from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $17.75.

Postal Realty Trust Stock Up 0.8%

Shares of NYSE:PSTL traded up $0.13 during trading on Monday, reaching $15.83. The stock had a trading volume of 215,441 shares, compared to its average volume of 149,940. The firm's 50-day simple moving average is $14.79 and its 200 day simple moving average is $14.03. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.01. Postal Realty Trust, Inc. has a one year low of $12.26 and a one year high of $15.84. The company has a market capitalization of $388.98 million, a P/E ratio of 41.65 and a beta of 0.86.

Postal Realty Trust Dividend Announcement

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. This represents a $0.97 annualized dividend and a dividend yield of 6.1%. The ex-dividend date was Thursday, July 31st. Postal Realty Trust's payout ratio is currently 255.26%.

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.