Gilman Hill Asset Management LLC Acquires 35,595 Shares of Postal Realty Trust, Inc. (NYSE:PSTL)

Gilman Hill Asset Management LLC lifted its holdings in shares of Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) by 6.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 581,220 shares of the company's stock after buying an additional 35,595 shares during the period. Postal Realty Trust comprises 1.4% of Gilman Hill Asset Management LLC's holdings, making the stock its 19th largest position. Gilman Hill Asset Management LLC owned approximately 2.47% of Postal Realty Trust worth $8,300,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Quadrant Capital Group LLC bought a new stake in shares of Postal Realty Trust in the 4th quarter valued at about $25,000. Parallel Advisors LLC raised 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 purchasing an additional 1,765 shares during the period. New York State Teachers Retirement System bought a new stake in shares of Postal Realty Trust in the 4th quarter valued at about $26,000. NBC Securities Inc. raised 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 purchasing an additional 3,747 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Postal Realty Trust by 42.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,703 shares of the company's stock valued at $74,000 after purchasing an additional 1,701 shares during the period. 57.89% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Postal Realty Trust news, CAO Matt Brandwein sold 15,142 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $14.25, for a total value of $215,773.50. Following the sale, the chief accounting officer now owns 116,573 shares in the company, valued at $1,661,165.25. This trade represents a 11.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 19,452 shares of company stock worth $277,332. Corporate insiders own 13.70% of the company's stock.

Postal Realty Trust Stock Performance

Postal Realty Trust stock traded up $0.05 during trading hours on Friday, hitting $14.21. The company had a trading volume of 275,723 shares, compared to its average volume of 139,127. Postal Realty Trust, Inc. has a one year low of $12.26 and a one year high of $15.15. The firm has a 50-day moving average of $13.29 and a 200 day moving average of $13.40. The firm has a market cap of $338.19 million, a PE ratio of 177.60 and a beta of 0.80. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.57 and a quick ratio of 1.57.

Postal Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 1st were given a dividend of $0.2425 per share. The ex-dividend date was Thursday, May 1st. This represents a $0.97 annualized dividend and a dividend yield of 6.83%. Postal Realty Trust's dividend payout ratio is 346.43%.

Analyst Upgrades and Downgrades

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

Postal Realty Trust Company 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.