Russell Investments Group Ltd. Sells 17,192 Shares of Postal Realty Trust, Inc. $PSTL

Key Points

• Russell Investments Group Ltd. decreased its holdings in Postal Realty Trust by 17.0% in the first quarter, now owning approximately 0.36% of the company, valued at $1.2 million.
• Several other institutional investors, including Resona Asset Management and Nuveen Asset Management, adjusted their positions in Postal Realty Trust during the same quarter.
• Analysts have rated Postal Realty Trust as a "buy" with a price target of $17.75, reflecting positive sentiment towards the stock following recent upgrades by research firms.

Russell Investments Group Ltd. lowered its stake in Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) by 17.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,125 shares of the company's stock after selling 17,192 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.36% of Postal Realty Trust worth $1,201,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in PSTL. Parallel Advisors LLC raised its holdings in shares of 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 buying an additional 1,765 shares in the last quarter. NBC Securities Inc. raised 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 buying an additional 3,747 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in Postal Realty Trust during the first quarter valued at $71,000. Signaturefd LLC raised its stake in Postal Realty Trust by 206.0% during the first quarter. Signaturefd LLC now owns 5,679 shares of the company's stock valued at $81,000 after buying an additional 3,823 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in Postal Realty Trust during the first quarter valued at $95,000. Institutional investors own 57.89% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Stifel Nicolaus set a $17.75 price target on Postal Realty Trust and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Wall Street Zen upgraded Postal Realty Trust from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $17.75.

Postal Realty Trust Stock Performance

Postal Realty Trust stock traded down $0.03 during mid-day trading on Wednesday, reaching $15.76. 133,339 shares of the stock traded hands, compared to its average volume of 142,376. The stock has a market capitalization of $387.26 million, a PE ratio of 41.46 and a beta of 0.86. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.28 and a quick ratio of 1.28. Postal Realty Trust, Inc. has a 12-month low of $12.26 and a 12-month high of $15.89. The business's 50-day moving average is $14.83 and its 200-day moving average is $14.07.

Postal Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, July 31st were given a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date was Thursday, July 31st. Postal Realty Trust's dividend payout ratio is 255.26%.

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.