Postal Realty Trust, Inc. (NYSE:PSTL) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its holdings in Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) by 21.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,857 shares of the company's stock after buying an additional 32,308 shares during the quarter. Janney Montgomery Scott LLC owned about 0.79% of Postal Realty Trust worth $2,654,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in Postal Realty Trust in the 4th quarter worth approximately $1,460,000. D. E. Shaw & Co. Inc. bought a new position in Postal Realty Trust during the 4th quarter valued at $448,000. Gilman Hill Asset Management LLC boosted its stake in Postal Realty Trust by 6.5% during the 1st 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 in the last quarter. GAMMA Investing LLC boosted its stake in Postal Realty Trust by 5,255.1% during the 1st quarter. GAMMA Investing LLC now owns 9,425 shares of the company's stock valued at $135,000 after purchasing an additional 9,249 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in Postal Realty Trust by 80.1% during the 4th quarter. Two Sigma Investments LP now owns 124,235 shares of the company's stock valued at $1,621,000 after purchasing an additional 55,247 shares in the last quarter. 57.89% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wall Street Zen raised Postal Realty Trust from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Stifel Nicolaus decreased their price target on 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 Price Performance

NYSE PSTL traded down $0.05 on Friday, reaching $14.91. 618,618 shares of the stock traded hands, compared to its average volume of 142,857. The firm's fifty day simple moving average is $13.79 and its 200 day simple moving average is $13.51. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.97. The company has a market cap of $354.98 million, a price-to-earnings ratio of 53.25 and a beta of 0.80. Postal Realty Trust, Inc. has a 12 month low of $12.26 and a 12 month high of $15.42.

Postal Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 1st were given a dividend of $0.2425 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $0.97 dividend on an annualized basis and a dividend yield of 6.51%. Postal Realty Trust's dividend payout ratio (DPR) is presently 346.43%.

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.