Cubist Systematic Strategies LLC Boosts Holdings in 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 increased its position in shares of Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) by 443.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 116,501 shares of the company's stock after purchasing an additional 95,061 shares during the period. Cubist Systematic Strategies LLC owned 0.49% of Postal Realty Trust worth $1,664,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP increased its position in Postal Realty Trust by 1,112.4% during the first quarter. Quarry LP now owns 13,167 shares of the company's stock worth $188,000 after purchasing an additional 12,081 shares during the last quarter. Comerica Bank increased its position in Postal Realty Trust by 151.0% during the first quarter. Comerica Bank now owns 4,287 shares of the company's stock worth $61,000 after purchasing an additional 2,579 shares during the last quarter. Jump Financial LLC acquired a new stake in Postal Realty Trust during the first quarter worth about $434,000. AlphaQuest LLC acquired a new stake in Postal Realty Trust during the first quarter worth about $340,000. Finally, Martingale Asset Management L P increased its position in Postal Realty Trust by 67.8% during the first quarter. Martingale Asset Management L P now owns 42,670 shares of the company's stock worth $609,000 after purchasing an additional 17,243 shares during the last quarter. 57.89% of the stock is currently owned by institutional investors and hedge funds.

Postal Realty Trust Trading Down 0.3%

PSTL stock traded down $0.05 during mid-day trading on Wednesday, hitting $15.90. 112,854 shares of the company were exchanged, compared to its average volume of 171,913. 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 firm has a market capitalization of $390.85 million, a P/E ratio of 41.85 and a beta of 0.86. The business has a fifty day simple moving average of $14.91 and a 200-day simple moving average of $14.16. Postal Realty Trust, Inc. has a 12-month low of $12.26 and a 12-month high of $16.05.

Postal Realty Trust Announces Dividend

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

Analysts Set New Price Targets

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