Ethos Financial Group LLC Takes $450,000 Position in Postal Realty Trust, Inc. $PSTL

Key Points

• Ethos Financial Group LLC has taken a new position in Postal Realty Trust, purchasing 31,520 shares valued at approximately $450,000, representing about 0.13% of the company.
• Several institutional investors, including Janney Montgomery Scott LLC, have recently increased their holdings in Postal Realty Trust, with 57.89% of the stock now owned by institutional investors.
• Postal Realty Trust declared a quarterly dividend of $0.2425 per share, reflecting an annualized yield of 6.7%, despite a high payout ratio of 255.26%.

Ethos Financial Group LLC acquired a new stake in Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 31,520 shares of the company's stock, valued at approximately $450,000. Ethos Financial Group LLC owned about 0.13% of Postal Realty Trust at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in PSTL. Parallel Advisors LLC boosted its holdings in shares of Postal Realty Trust by 964.5% in the 1st quarter. Parallel Advisors LLC now owns 1,948 shares of the company's stock valued at $28,000 after buying an additional 1,765 shares during the last quarter. NBC Securities Inc. boosted 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 valued at $53,000 after buying an additional 3,747 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Postal Realty Trust in the 1st quarter valued at approximately $71,000. Signaturefd LLC boosted its holdings in shares of Postal Realty Trust by 206.0% in the 1st 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 last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Postal Realty Trust in the 1st quarter valued at approximately $95,000. Institutional investors and hedge funds own 57.89% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wall Street Zen upgraded Postal Realty Trust from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. 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. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $17.75.

Postal Realty Trust Stock Performance

PSTL traded up $0.31 during trading hours 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. Postal Realty Trust, Inc. has a 52 week low of $12.26 and a 52 week high of $15.54. The company's 50-day moving average is $14.73 and its 200-day moving average is $13.95. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $380.50 million, a PE ratio of 40.74 and a beta of 0.84.

Postal Realty Trust Dividend Announcement

The firm also recently announced 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 presently 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.