Lazard Asset Management LLC Invests $72,000 in Postal Realty Trust, Inc. (NYSE:PSTL)

Lazard Asset Management LLC bought a new position in shares of Postal Realty Trust, Inc. (NYSE:PSTL – Get Rating) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,969 shares of the company’s stock, valued at approximately $72,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. raised its position in shares of Postal Realty Trust by 24.4% during the 1st quarter. BlackRock Inc. now owns 973,723 shares of the company’s stock worth $16,378,000 after acquiring an additional 190,989 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Postal Realty Trust by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 818,033 shares of the company’s stock worth $13,760,000 after acquiring an additional 26,963 shares in the last quarter. Ancora Advisors LLC increased its position in Postal Realty Trust by 13.5% during the first quarter. Ancora Advisors LLC now owns 337,798 shares of the company’s stock worth $5,803,000 after buying an additional 40,071 shares during the period. Renaissance Technologies LLC increased its position in Postal Realty Trust by 16.3% during the first quarter. Renaissance Technologies LLC now owns 336,850 shares of the company’s stock worth $5,666,000 after buying an additional 47,100 shares during the period. Finally, Foundry Partners LLC increased its position in Postal Realty Trust by 1.3% during the third quarter. Foundry Partners LLC now owns 290,730 shares of the company’s stock worth $4,265,000 after buying an additional 3,640 shares during the period. Institutional investors and hedge funds own 70.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, BTIG Research cut their price target on Postal Realty Trust from $22.00 to $17.00 in a research report on Monday, January 9th.

Postal Realty Trust Trading Down 0.1 %

Shares of PSTL stock opened at $15.15 on Tuesday. The business’s 50 day moving average is $15.08 and its two-hundred day moving average is $15.17. Postal Realty Trust, Inc. has a twelve month low of $14.14 and a twelve month high of $18.78. The company has a market capitalization of $288.00 million, a P/E ratio of 94.69, a price-to-earnings-growth ratio of 3.19 and a beta of 0.64. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.68.

Postal Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 28th. Shareholders of record on Wednesday, February 15th were paid a $0.237 dividend. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.24. This represents a $0.95 annualized dividend and a dividend yield of 6.26%. The ex-dividend date was Tuesday, February 14th. Postal Realty Trust’s dividend payout ratio (DPR) is 593.79%.

Postal Realty Trust Company Profile

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Postal Realty Trust, Inc is an internally managed real estate investment trust that owns and manages over 1,000 properties leased to the USPS. The Company believes it is one of the largest owners and managers of properties leased to the USPS.