Canton Hathaway LLC Makes New Investment in Postal Realty Trust, Inc. $PSTL

Canton Hathaway LLC purchased a new stake in shares of Postal Realty Trust, Inc. (NYSE:PSTL) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 37,635 shares of the company’s stock, valued at approximately $590,000. Canton Hathaway LLC owned about 0.15% of Postal Realty Trust at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cullen Frost Bankers Inc. lifted its stake in Postal Realty Trust by 225.2% during the second quarter. Cullen Frost Bankers Inc. now owns 2,026 shares of the company’s stock worth $30,000 after purchasing an additional 1,403 shares during the last quarter. CWM LLC raised its holdings in shares of Postal Realty Trust by 195.5% during the 2nd quarter. CWM LLC now owns 2,237 shares of the company’s stock valued at $33,000 after buying an additional 1,480 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in Postal Realty Trust by 45.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,258 shares of the company’s stock worth $33,000 after buying an additional 710 shares during the last quarter. Strs Ohio bought a new stake in Postal Realty Trust in the 1st quarter worth approximately $54,000. Finally, Federated Hermes Inc. boosted its stake in Postal Realty Trust by 1,156.7% in the second quarter. Federated Hermes Inc. now owns 3,770 shares of the company’s stock worth $56,000 after buying an additional 3,470 shares in the last quarter. Hedge funds and other institutional investors own 57.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on PSTL. JPMorgan Chase & Co. lifted their price target on shares of Postal Realty Trust from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 30th. Wall Street Zen lowered shares of Postal Realty Trust from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Postal Realty Trust in a research note on Wednesday, October 8th. Finally, Truist Financial upped their price target on shares of Postal Realty Trust from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday, December 17th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Postal Realty Trust has an average rating of “Moderate Buy” and an average price target of $17.58.

Postal Realty Trust Price Performance

Shares of Postal Realty Trust stock opened at $16.22 on Thursday. The company’s fifty day simple moving average is $15.57 and its two-hundred day simple moving average is $15.28. Postal Realty Trust, Inc. has a 12-month low of $12.26 and a 12-month high of $16.50. The firm has a market cap of $422.75 million, a PE ratio of 33.80 and a beta of 0.75. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.00.

Postal Realty Trust (NYSE:PSTL) last posted its earnings results on Tuesday, November 4th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.18). Postal Realty Trust had a return on equity of 4.29% and a net margin of 15.36%.The firm had revenue of $24.33 million for the quarter, compared to analysts’ expectations of $22.46 million. Postal Realty Trust has set its FY 2025 guidance at 1.300-1.32 EPS. As a group, equities analysts expect that Postal Realty Trust, Inc. will post 0.84 EPS for the current year.

Postal Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Tuesday, November 4th were paid a dividend of $0.2425 per share. The ex-dividend date of this dividend was Tuesday, November 4th. This represents a $0.97 annualized dividend and a dividend yield of 6.0%. Postal Realty Trust’s payout ratio is 202.08%.

Postal Realty Trust Profile

Postal Realty Trust is a real estate investment trust that acquires, owns and manages single-tenant commercial properties net-leased primarily to the United States Postal Service and other government agencies. The trust focuses on facilities that support mail processing, distribution and retail operations, targeting assets that offer long-term, inflation-protected lease structures.

The company’s portfolio includes post offices, distribution centers and mail processing facilities located throughout the contiguous United States.