Cullen Frost Bankers Inc. Acquires 1,403 Shares of Postal Realty Trust, Inc. $PSTL

Cullen Frost Bankers Inc. lifted its holdings in shares of Postal Realty Trust, Inc. (NYSE:PSTL) by 225.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,026 shares of the company’s stock after acquiring an additional 1,403 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Postal Realty Trust were worth $30,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. CWM LLC raised its holdings in Postal Realty Trust by 195.5% in the 2nd quarter. CWM LLC now owns 2,237 shares of the company’s stock valued at $33,000 after acquiring an additional 1,480 shares in the last quarter. Strs Ohio acquired a new position in Postal Realty Trust in the 1st quarter valued at $54,000. Comerica Bank raised its holdings in Postal Realty Trust by 151.0% in the 1st quarter. Comerica Bank now owns 4,287 shares of the company’s stock valued at $61,000 after acquiring an additional 2,579 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in Postal Realty Trust in the 1st quarter valued at $71,000. Finally, Signaturefd LLC raised its holdings in shares of Postal Realty Trust by 206.0% during the 1st quarter. Signaturefd LLC now owns 5,679 shares of the company’s stock worth $81,000 after buying an additional 3,823 shares in the last quarter. 57.89% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Postal Realty Trust

In other Postal Realty Trust news, CAO Matt Brandwein sold 1,803 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $16.00, for a total value of $28,848.00. Following the sale, the chief accounting officer owned 107,919 shares in the company, valued at approximately $1,726,704. The trade was a 1.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 13.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on PSTL. Wall Street Zen raised Postal Realty Trust from a “hold” rating to a “buy” rating in a report on Saturday. JPMorgan Chase & Co. boosted their price target on Postal Realty Trust from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, September 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of Postal Realty Trust in a report on Wednesday, October 8th. Finally, Stifel Nicolaus set a $17.75 price target on Postal Realty Trust and gave the stock a “buy” rating in a report on Tuesday, August 5th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $17.38.

Postal Realty Trust Trading Up 0.0%

Shares of PSTL stock opened at $15.26 on Tuesday. The firm has a market capitalization of $374.97 million, a P/E ratio of 40.15 and a beta of 0.86. Postal Realty Trust, Inc. has a twelve month low of $12.26 and a twelve month high of $16.50. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.01. The stock’s fifty day simple moving average is $15.51 and its 200 day simple moving average is $14.57.

Postal Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Tuesday, November 4th will be given a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Tuesday, November 4th. Postal Realty Trust’s payout ratio is 255.26%.

Postal Realty Trust 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.