Parallel Advisors LLC Buys 1,765 Shares of Postal Realty Trust, Inc. (NYSE:PSTL)

Parallel Advisors LLC boosted its position in Postal Realty Trust, Inc. (NYSE:PSTL) by 964.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,948 shares of the company’s stock after purchasing an additional 1,765 shares during the period. Parallel Advisors LLC’s holdings in Postal Realty Trust were worth $28,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PSTL. Vanguard Group Inc. lifted its position in shares of Postal Realty Trust by 9.4% during the 4th quarter. Vanguard Group Inc. now owns 1,255,253 shares of the company’s stock valued at $16,381,000 after buying an additional 107,887 shares during the last quarter. Foundry Partners LLC lifted its holdings in Postal Realty Trust by 21.3% during the fourth quarter. Foundry Partners LLC now owns 401,060 shares of the company’s stock valued at $5,234,000 after purchasing an additional 70,299 shares during the last quarter. Stifel Financial Corp lifted its holdings in Postal Realty Trust by 5.1% during the fourth quarter. Stifel Financial Corp now owns 327,936 shares of the company’s stock valued at $4,280,000 after purchasing an additional 15,907 shares during the last quarter. Renaissance Technologies LLC boosted its position in Postal Realty Trust by 27.1% during the fourth quarter. Renaissance Technologies LLC now owns 321,850 shares of the company’s stock worth $4,200,000 after purchasing an additional 68,600 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in shares of Postal Realty Trust by 0.3% in the fourth quarter. Nuveen Asset Management LLC now owns 302,135 shares of the company’s stock worth $3,943,000 after purchasing an additional 916 shares in the last quarter. 57.89% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on PSTL. Stifel Nicolaus dropped their price target on shares of Postal Realty Trust from $16.75 to $16.50 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Wall Street Zen upgraded Postal Realty Trust from a “hold” rating to a “buy” rating in a research report on Saturday, May 24th.

Postal Realty Trust Stock Performance

Shares of PSTL opened at $14.38 on Tuesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market capitalization of $342.33 million, a price-to-earnings ratio of 179.77 and a beta of 0.80. Postal Realty Trust, Inc. has a 52-week low of $12.26 and a 52-week high of $15.15. The stock’s 50-day simple moving average is $13.30 and its 200 day simple moving average is $13.41.

Postal Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 1st were paid a $0.2425 dividend. This represents a $0.97 annualized dividend and a yield of 6.75%. The ex-dividend date of this dividend was Thursday, May 1st. Postal Realty Trust’s dividend payout ratio is presently 346.43%.

Insider Activity

In other news, CAO Matt Brandwein sold 15,142 shares of Postal Realty Trust stock in a transaction on Monday, March 17th. The shares were sold at an average price of $14.25, for a total transaction of $215,773.50. Following the completion of the sale, the chief accounting officer now directly owns 116,573 shares of the company’s stock, valued at approximately $1,661,165.25. The trade was a 11.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 19,452 shares of company stock worth $277,332 in the last three months. Corporate insiders own 13.70% of the company’s stock.

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.