Janney Montgomery Scott LLC Purchases 32,308 Shares of Postal Realty Trust, Inc. (NYSE:PSTL)

Janney Montgomery Scott LLC lifted its holdings in Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) by 21.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 185,857 shares of the company's stock after purchasing an additional 32,308 shares during the quarter. Janney Montgomery Scott LLC owned 0.79% of Postal Realty Trust worth $2,654,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. North Star Investment Management Corp. raised its position in Postal Realty Trust by 0.6% in the first quarter. North Star Investment Management Corp. now owns 494,165 shares of the company's stock worth $7,057,000 after acquiring an additional 2,775 shares in the last quarter. Gilman Hill Asset Management LLC lifted its stake in Postal Realty Trust by 6.5% during the first quarter. Gilman Hill Asset Management LLC now owns 581,220 shares of the company's stock valued at $8,300,000 after purchasing an additional 35,595 shares during the last quarter. NBC Securities Inc. lifted its stake in 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 purchasing an additional 3,747 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Postal Realty Trust by 964.5% during the first quarter. Parallel Advisors LLC now owns 1,948 shares of the company's stock worth $28,000 after buying an additional 1,765 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Postal Realty Trust by 5,255.1% in the first quarter. GAMMA Investing LLC now owns 9,425 shares of the company's stock worth $135,000 after buying an additional 9,249 shares during the last quarter. 57.89% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on PSTL. Wall Street Zen raised shares of Postal Realty Trust from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Stifel Nicolaus decreased their price objective on shares of Postal Realty Trust from $16.75 to $16.50 and set a "buy" rating for the company in a research note on Thursday, May 1st.

Postal Realty Trust Stock Up 0.1%

Shares of PSTL stock traded up $0.02 on Thursday, reaching $14.94. 120,855 shares of the company's stock traded hands, compared to its average volume of 179,605. Postal Realty Trust, Inc. has a 12-month low of $12.26 and a 12-month high of $15.42. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $355.60 million, a P/E ratio of 53.34 and a beta of 0.80. The business's 50 day moving average price is $13.73 and its two-hundred day moving average price is $13.50.

Postal Realty Trust Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $0.97 annualized dividend and a yield of 6.49%. Postal Realty Trust's dividend payout ratio (DPR) is presently 346.43%.

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.