Connor Clark & Lunn Investment Management Ltd. Makes New 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) in the first quarter, according to the company in its most recent 13F filing with the Securities & 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 0.14% of Postal Realty Trust as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC grew 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 valued at $28,000 after purchasing an additional 1,765 shares during the period. NBC Securities Inc. grew its holdings in Postal Realty Trust by 124,900.0% during the first quarter. NBC Securities Inc. now owns 3,750 shares of the company's stock valued at $53,000 after purchasing an additional 3,747 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of Postal Realty Trust in the first quarter valued at approximately $71,000. Signaturefd LLC boosted its holdings in shares of Postal Realty Trust by 206.0% in 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 acquired a new position in shares of Postal Realty Trust in the first quarter valued at approximately $95,000. Institutional investors and hedge funds own 57.89% of the company's stock.

Postal Realty Trust Stock Up 2.0%

Shares of PSTL stock traded up $0.31 during trading on Friday, reaching $15.48. The company's stock had a trading volume of 165,444 shares, compared to its average volume of 136,000. The business has a fifty day moving average price of $14.73 and a 200-day moving average price of $13.95. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.01. The company has a market cap of $380.50 million, a price-to-earnings ratio of 40.74 and a beta of 0.84. Postal Realty Trust, Inc. has a one year low of $12.26 and a one year high of $15.54.

Postal Realty Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

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