Connor Clark & Lunn Investment Management Ltd. Makes New $460,000 Investment in Postal Realty Trust, Inc. $PSTL

Key Points

• Connor Clark & Lunn Investment Management Ltd. recently purchased 32,247 shares of Postal Realty Trust, Inc., valued at approximately $460,000, marking a new stake in the company.
• Several institutional investors, including Charles Schwab Investment Management and PNC Financial Services Group, have also adjusted their stakes in Postal Realty Trust, resulting in institutional ownership of 57.89% of the stock.
• Equity analysts have upgraded Postal Realty Trust to a "buy" rating, with a consensus price target of $17.75, indicating positive market sentiment for the company's shares.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 32,247 shares of the company's stock, valued at approximately $460,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.14% of Postal Realty Trust at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Gilman Hill Asset Management LLC lifted its holdings in shares of Postal Realty Trust by 6.5% during the 1st quarter. Gilman Hill Asset Management LLC now owns 581,220 shares of the company's stock valued at $8,300,000 after purchasing an additional 35,595 shares in the last quarter. North Star Investment Management Corp. lifted its holdings in shares of Postal Realty Trust by 0.6% during 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 holdings in shares of Postal Realty Trust by 5.1% during the 4th quarter. Stifel Financial Corp now owns 327,936 shares of the company's stock valued at $4,280,000 after purchasing an additional 15,907 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Postal Realty Trust by 27.1% during the 4th quarter. Renaissance Technologies LLC now owns 321,850 shares of the company's stock valued at $4,200,000 after purchasing an additional 68,600 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Postal Realty Trust by 0.3% during the 4th 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. Institutional investors own 57.89% of the company's stock.

Analyst Upgrades and Downgrades

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

Postal Realty Trust Stock Down 0.7%

Shares of NYSE:PSTL traded down $0.1150 during trading on Monday, hitting $15.3850. 134,069 shares of the company were exchanged, compared to its average volume of 139,421. The stock has a market cap of $378.16 million, a price-to-earnings ratio of 40.49 and a beta of 0.84. Postal Realty Trust, Inc. has a fifty-two week low of $12.26 and a fifty-two week high of $15.55. The firm has a fifty day moving average price of $14.74 and a two-hundred day moving average price of $13.97. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Thursday, July 31st will be given a dividend of $0.2425 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $0.97 annualized dividend and a dividend yield of 6.3%. Postal Realty Trust's payout ratio is 255.26%.

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.