PNC Financial Services Group Inc. Acquires 1,752 Shares of Postal Realty Trust, Inc. $PSTL

PNC Financial Services Group Inc. raised its holdings in shares of Postal Realty Trust, Inc. (NYSE:PSTL) by 30.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,455 shares of the company’s stock after acquiring an additional 1,752 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Postal Realty Trust were worth $106,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PSTL. Wells Fargo & Company MN boosted its holdings in shares of Postal Realty Trust by 21.4% in the 4th quarter. Wells Fargo & Company MN now owns 30,972 shares of the company’s stock valued at $404,000 after buying an additional 5,455 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Postal Realty Trust by 27.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 20,559 shares of the company’s stock valued at $268,000 after buying an additional 4,477 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Postal Realty Trust by 27.1% in the 4th quarter. Renaissance Technologies LLC now owns 321,850 shares of the company’s stock valued at $4,200,000 after buying an additional 68,600 shares during the last quarter. Barclays PLC boosted its holdings in shares of Postal Realty Trust by 14.3% in the 4th quarter. Barclays PLC now owns 33,698 shares of the company’s stock valued at $439,000 after buying an additional 4,218 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its holdings in shares of Postal Realty Trust by 6.0% in the 4th quarter. Guggenheim Capital LLC now owns 29,745 shares of the company’s stock valued at $388,000 after buying an additional 1,671 shares during the last quarter. Institutional investors and hedge funds own 57.89% of the company’s stock.

Postal Realty Trust Stock Up 2.3%

PSTL stock opened at $15.0010 on Wednesday. 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 stock has a market capitalization of $368.72 million, a price-to-earnings ratio of 39.48 and a beta of 0.84. The business’s fifty day moving average price is $14.71 and its two-hundred day moving average price is $13.92. Postal Realty Trust, Inc. has a fifty-two week low of $12.26 and a fifty-two week high of $15.42.

Postal Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Thursday, July 31st will be given a dividend of $0.2425 per share. The ex-dividend date is Thursday, July 31st. This represents a $0.97 annualized dividend and a yield of 6.5%. Postal Realty Trust’s dividend payout ratio (DPR) is presently 255.26%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PSTL shares. Wall Street Zen raised Postal Realty Trust from a “hold” rating to a “buy” rating in a report on Saturday. 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 equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Postal Realty Trust 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.