Martingale Asset Management L P Increases Position in Postal Realty Trust, Inc. $PSTL

Key Points

• Martingale Asset Management L P increased its holdings in Postal Realty Trust by 67.8% during the 1st quarter, reaching a total of 42,670 shares valued at approximately $609,000.
• Research analysts have a consensus rating of "Buy" for Postal Realty Trust, with a price target set at $17.75.
• The company recently announced a quarterly dividend of $0.2425 per share, translating to an annual yield of 6.3%, despite a high dividend payout ratio of 255.26%.

Martingale Asset Management L P raised its holdings in shares of Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) by 67.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,670 shares of the company's stock after acquiring an additional 17,243 shares during the quarter. Martingale Asset Management L P owned about 0.18% of Postal Realty Trust worth $609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of PSTL. Parallel Advisors LLC raised its holdings in Postal Realty Trust by 964.5% during the 1st 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 during the period. NBC Securities Inc. raised its holdings in Postal Realty Trust by 124,900.0% during the 1st 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 during the period. New Age Alpha Advisors LLC bought a new stake in Postal Realty Trust during the 1st quarter valued at $71,000. Signaturefd LLC raised its holdings in Postal Realty Trust by 206.0% during the 1st quarter. Signaturefd LLC now owns 5,679 shares of the company's stock valued at $81,000 after acquiring an additional 3,823 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in Postal Realty Trust during the 1st quarter valued at $95,000. Institutional investors own 57.89% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PSTL. Wall Street Zen raised shares of Postal Realty Trust from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Stifel Nicolaus set a $17.75 price target on shares of Postal Realty Trust and gave the stock a "buy" rating in a report on Tuesday, August 5th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Postal Realty Trust currently has a consensus rating of "Buy" and an average target price of $17.75.

Postal Realty Trust Price Performance

Shares of Postal Realty Trust stock traded up $0.11 during trading on Wednesday, hitting $15.59. The stock had a trading volume of 129,252 shares, compared to its average volume of 141,736. Postal Realty Trust, Inc. has a 12 month low of $12.26 and a 12 month high of $15.62. The business's 50-day moving average is $14.76 and its 200 day moving average is $13.99. The firm has a market cap of $383.20 million, a price-to-earnings ratio of 41.03 and a beta of 0.84. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.01.

Postal Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Thursday, July 31st will be given a $0.2425 dividend. The ex-dividend date is Thursday, July 31st. This represents a $0.97 annualized dividend and a yield of 6.2%. Postal Realty Trust's payout ratio is 255.26%.

About Postal Realty Trust

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.