AlphaQuest LLC Reduces Position in Postal Realty Trust, Inc. $PSTL

AlphaQuest LLC lessened its stake in shares of Postal Realty Trust, Inc. (NYSE:PSTL) by 49.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,123 shares of the company’s stock after selling 11,690 shares during the quarter. AlphaQuest LLC owned approximately 0.05% of Postal Realty Trust worth $179,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Gilman Hill Asset Management LLC boosted its stake in shares of Postal Realty Trust by 2.9% during the second quarter. Gilman Hill Asset Management LLC now owns 597,963 shares of the company’s stock valued at $8,808,000 after purchasing an additional 16,743 shares during the period. Millennium Management LLC lifted its holdings in Postal Realty Trust by 313.7% in the 1st 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. Ancora Advisors LLC lifted its holdings in Postal Realty Trust by 2.1% in the 1st quarter. Ancora Advisors LLC now owns 262,029 shares of the company’s stock worth $3,742,000 after buying an additional 5,310 shares during the period. Cubist Systematic Strategies LLC lifted its holdings in Postal Realty Trust by 443.4% in the 1st 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. Finally, Exchange Traded Concepts LLC lifted its holdings in Postal Realty Trust by 6.1% in the 2nd quarter. Exchange Traded Concepts LLC now owns 101,793 shares of the company’s stock worth $1,499,000 after buying an additional 5,875 shares during the period. Hedge funds and other institutional investors own 57.89% of the company’s stock.

Postal Realty Trust Stock Performance

Shares of Postal Realty Trust stock opened at $14.85 on Tuesday. 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 firm has a market capitalization of $364.89 million, a P/E ratio of 39.07 and a beta of 0.84. The business has a fifty day simple moving average of $15.47 and a two-hundred day simple moving average of $14.64. 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 disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Tuesday, November 4th will be given a dividend of $0.2425 per share. The ex-dividend date of this dividend is Tuesday, November 4th. This represents a $0.97 annualized dividend and a yield of 6.5%. Postal Realty Trust’s dividend payout ratio (DPR) is currently 255.26%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on PSTL shares. JPMorgan Chase & Co. increased their price objective on Postal Realty Trust from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, September 30th. Wall Street Zen cut Postal Realty Trust from a “buy” rating to a “hold” rating in a report on Sunday. Weiss Ratings reiterated 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 objective on Postal Realty Trust and gave the stock a “buy” rating in a report on Tuesday, August 5th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Postal Realty Trust presently has a consensus rating of “Moderate Buy” and an average target price of $17.38.

Insider Buying and Selling

In other Postal Realty Trust news, CAO Matt Brandwein sold 4,112 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $16.00, for a total transaction of $65,792.00. Following the completion of the transaction, the chief accounting officer owned 109,722 shares of the company’s stock, valued at approximately $1,755,552. This trade represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 13.20% 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.