Gilman Hill Asset Management LLC Raises Position in Postal Realty Trust, Inc. (NYSE:PSTL)

Gilman Hill Asset Management LLC lifted its stake in shares of Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) by 6.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 581,220 shares of the company's stock after purchasing an additional 35,595 shares during the period. Postal Realty Trust comprises 1.4% of Gilman Hill Asset Management LLC's investment portfolio, making the stock its 19th biggest position. Gilman Hill Asset Management LLC owned about 2.47% of Postal Realty Trust worth $8,300,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Nuveen Asset Management LLC raised its position in shares of 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 buying an additional 916 shares during the last quarter. Essex Financial Services Inc. boosted its position in Postal Realty Trust by 2.1% during the fourth quarter. Essex Financial Services Inc. now owns 46,583 shares of the company's stock worth $608,000 after acquiring an additional 955 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Postal Realty Trust by 6.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,225 shares of the company's stock valued at $277,000 after acquiring an additional 1,223 shares in the last quarter. Principle Wealth Partners LLC raised its holdings in Postal Realty Trust by 8.2% in the 4th quarter. Principle Wealth Partners LLC now owns 16,240 shares of the company's stock valued at $212,000 after acquiring an additional 1,225 shares during the last quarter. Finally, Guggenheim Capital LLC raised its holdings in Postal Realty Trust by 6.0% in the 4th quarter. Guggenheim Capital LLC now owns 29,745 shares of the company's stock valued at $388,000 after acquiring an additional 1,671 shares during the last quarter. Hedge funds and other institutional investors own 57.89% of the company's stock.

Postal Realty Trust Trading Up 0.1%

Shares of NYSE PSTL traded up $0.01 during trading on Thursday, hitting $14.17. 144,139 shares of the company were exchanged, compared to its average volume of 138,237. The company has a fifty day moving average price of $13.30 and a 200-day moving average price of $13.41. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market capitalization of $337.33 million, a PE ratio of 177.15 and a beta of 0.81. Postal Realty Trust, Inc. has a 12-month low of $12.26 and a 12-month high of $15.15.

Postal Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 1st were paid a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a yield of 6.85%. The ex-dividend date of this dividend was Thursday, May 1st. Postal Realty Trust's dividend payout ratio (DPR) is presently 346.43%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PSTL. Wall Street Zen upgraded 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 for the company in a report on Thursday, May 1st.

Insiders Place Their Bets

In other news, CAO Matt Brandwein sold 15,142 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $14.25, for a total value of $215,773.50. Following the transaction, the chief accounting officer now owns 116,573 shares of the company's stock, valued at $1,661,165.25. This represents a 11.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 19,452 shares of company stock valued at $277,332 over the last ninety days. Company insiders own 13.70% of the company's stock.

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.