Cubist Systematic Strategies LLC Purchases 95,061 Shares of Postal Realty Trust, Inc. $PSTL

Key Points

• Cubist Systematic Strategies LLC significantly increased its stake in Postal Realty Trust, owning 116,501 shares after acquiring 95,061 during the first quarter, representing a 443.4% increase in its position.
• Postal Realty Trust recently declared a quarterly dividend of $0.2425, yielding approximately 6.1%, with a payout ratio of 255.26%.
• Wall Street analysts rate Postal Realty Trust as a "buy" with an average price target of $17.75, indicating optimistic growth expectations for the company.

Cubist Systematic Strategies LLC lifted its stake in shares of Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) by 443.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 116,501 shares of the company's stock after purchasing an additional 95,061 shares during the quarter. Cubist Systematic Strategies LLC owned 0.49% of Postal Realty Trust worth $1,664,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Resona Asset Management Co. Ltd. raised its stake in Postal Realty Trust by 10.1% in the first quarter. Resona Asset Management Co. Ltd. now owns 9,809 shares of the company's stock valued at $138,000 after purchasing an additional 898 shares in the last quarter. Nuveen Asset Management LLC raised its stake in Postal Realty Trust by 0.3% in 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. Invesco Ltd. raised its stake in Postal Realty Trust by 3.5% in the first quarter. Invesco Ltd. now owns 29,514 shares of the company's stock valued at $421,000 after purchasing an additional 999 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Postal Realty Trust by 6.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,225 shares of the company's stock valued at $277,000 after purchasing an additional 1,223 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. raised its stake in Postal Realty Trust by 8.4% in the first quarter. Pekin Hardy Strauss Inc. now owns 16,100 shares of the company's stock valued at $230,000 after purchasing an additional 1,250 shares in the last quarter. Institutional investors and hedge funds own 57.89% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PSTL shares. Stifel Nicolaus set a $17.75 price target on Postal Realty Trust and gave the company 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 research note on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $17.75.

Insider Activity at Postal Realty Trust

In related news, CAO Matt Brandwein sold 4,112 shares of the business's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $16.00, for a total transaction of $65,792.00. Following the sale, the chief accounting officer owned 109,722 shares in the company, valued at $1,755,552. The trade was a 3.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 13.70% of the company's stock.

Postal Realty Trust Price Performance

Shares of Postal Realty Trust stock traded down $0.01 during trading on Friday, reaching $15.99. 194,109 shares of the company's stock were exchanged, compared to its average volume of 146,263. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.28 and a current ratio of 1.28. Postal Realty Trust, Inc. has a 1-year low of $12.26 and a 1-year high of $16.06. The company has a market cap of $392.94 million, a P/E ratio of 42.07 and a beta of 0.86. The firm's 50-day moving average price is $14.97 and its 200 day moving average price is $14.22.

Postal Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Thursday, July 31st were issued a dividend of $0.2425 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $0.97 dividend on an annualized basis and a dividend yield of 6.1%. 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.