Postal Realty Trust, Inc. (NYSE:PSTL) Holdings Trimmed by Foundry Partners LLC

Foundry Partners LLC lessened its holdings in shares of Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) by 38.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 247,820 shares of the company's stock after selling 153,240 shares during the quarter. Foundry Partners LLC owned approximately 1.05% of Postal Realty Trust worth $3,539,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Quadrant Capital Group LLC purchased a new position in shares of Postal Realty Trust in the 4th quarter worth $25,000. Parallel Advisors LLC grew its stake in shares of 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 acquiring an additional 1,765 shares in the last quarter. NBC Securities Inc. grew its stake in shares of 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 acquiring an additional 3,747 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Postal Realty Trust by 42.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,703 shares of the company's stock valued at $74,000 after acquiring an additional 1,701 shares in the last quarter. Finally, Signaturefd LLC grew its stake in Postal Realty Trust by 206.0% in the first quarter. Signaturefd LLC now owns 5,679 shares of the company's stock worth $81,000 after purchasing an additional 3,823 shares in the last quarter. Hedge funds and other institutional investors own 57.89% of the company's stock.

Postal Realty Trust Price Performance

NYSE:PSTL traded down $0.12 during midday trading on Friday, hitting $14.50. 99,423 shares of the stock were exchanged, compared to its average volume of 144,343. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $345.25 million, a price-to-earnings ratio of 51.79 and a beta of 0.81. Postal Realty Trust, Inc. has a one year low of $12.26 and a one year high of $15.42. The business has a 50-day moving average price of $14.33 and a two-hundred day moving average price of $13.68.

Postal Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 1st were given a $0.2425 dividend. The ex-dividend date was Thursday, May 1st. This represents a $0.97 annualized dividend and a yield of 6.69%. Postal Realty Trust's dividend payout ratio (DPR) is 346.43%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wall Street Zen raised shares of Postal Realty Trust from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Stifel Nicolaus cut their price target on Postal Realty Trust from $16.75 to $16.50 and set a "buy" rating on the stock in a report on Thursday, May 1st.

Postal Realty Trust Profile

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.