Signaturefd LLC Lowers Stock Holdings in Postal Realty Trust, Inc. $PSTL

Signaturefd LLC cut its stake in Postal Realty Trust, Inc. (NYSE:PSTL) by 50.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,786 shares of the company’s stock after selling 2,893 shares during the period. Signaturefd LLC’s holdings in Postal Realty Trust were worth $41,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Millennium Management LLC increased its position in Postal Realty Trust by 313.7% during the first quarter. Millennium Management LLC now owns 378,517 shares of the company’s stock worth $5,405,000 after buying an additional 287,027 shares during the period. Cubist Systematic Strategies LLC increased its position in Postal Realty Trust by 443.4% during the first quarter. Cubist Systematic Strategies LLC now owns 116,501 shares of the company’s stock worth $1,664,000 after buying an additional 95,061 shares during the period. Jane Street Group LLC increased its position in Postal Realty Trust by 234.2% during the first quarter. Jane Street Group LLC now owns 61,517 shares of the company’s stock worth $878,000 after buying an additional 43,111 shares during the period. PharVision Advisers LLC acquired a new position in Postal Realty Trust during the first quarter worth approximately $531,000. Finally, Acadian Asset Management LLC acquired a new position in Postal Realty Trust during the first quarter worth approximately $484,000. 57.89% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PSTL. Stifel Nicolaus set a $17.75 price target on Postal Realty Trust and gave the company a “buy” rating in a research report on Tuesday, August 5th. Wall Street Zen cut Postal Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday. Weiss Ratings restated a “buy (b-)” rating on shares of Postal Realty Trust in a research report on Saturday, September 27th. Finally, JPMorgan Chase & Co. boosted their price target on Postal Realty Trust from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Postal Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.38.

Insider Transactions at Postal Realty Trust

In other Postal Realty Trust news, CAO Matt Brandwein sold 4,112 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $16.00, for a total value of $65,792.00. Following the transaction, the chief accounting officer directly owned 109,722 shares in the company, valued at approximately $1,755,552. This represents a 3.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 13.70% of the company’s stock.

Postal Realty Trust Price Performance

NYSE:PSTL opened at $14.98 on Tuesday. The firm has a market cap of $368.21 million, a price-to-earnings ratio of 39.42 and a beta of 0.86. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.01. The company’s 50-day moving average is $15.31 and its two-hundred day moving average is $14.43. Postal Realty Trust, Inc. has a 12-month low of $12.26 and a 12-month high of $16.50.

Postal Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Thursday, July 31st were issued a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date was Thursday, July 31st. Postal Realty Trust’s dividend payout ratio is 255.26%.

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.