Postal Realty Trust, Inc. $PSTL Shares Sold by Russell Investments Group Ltd.

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. decreased its position in shares of Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) by 17.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund 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 SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC grew its holdings in shares of 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 during the last quarter. NBC Securities Inc. grew its holdings in shares of Postal Realty Trust by 124,900.0% during the first quarter. NBC Securities Inc. now owns 3,750 shares of the company's stock worth $53,000 after buying an additional 3,747 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of Postal Realty Trust during the first quarter worth about $71,000. Signaturefd LLC grew its holdings in shares of Postal Realty Trust by 206.0% during the first quarter. Signaturefd LLC now owns 5,679 shares of the company's stock worth $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 shares of Postal Realty Trust during the first quarter worth about $95,000. Hedge funds and other institutional investors own 57.89% of the company's stock.

Postal Realty Trust Price Performance

Shares of PSTL stock traded up $0.13 during midday trading on Monday, reaching $15.83. 215,441 shares of the company traded hands, compared to its average volume of 149,940. The firm's 50 day simple moving average is $14.79 and its two-hundred day simple moving average is $14.03. Postal Realty Trust, Inc. has a 1-year low of $12.26 and a 1-year high of $15.84. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market cap of $388.98 million, a PE ratio of 41.65 and a beta of 0.86.

Postal Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders 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 dividend yield of 6.1%. The ex-dividend date was Thursday, July 31st. Postal Realty Trust's dividend payout ratio (DPR) is presently 255.26%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PSTL. Wall Street Zen raised 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 objective on Postal Realty Trust and gave the company a "buy" rating in a report on Tuesday, August 5th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $17.75.

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.