Ancora Advisors LLC Increases Stake in Postal Realty Trust, Inc. $PSTL

Ancora Advisors LLC increased its holdings in shares of Postal Realty Trust, Inc. (NYSE:PSTL) by 2.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 262,029 shares of the company’s stock after buying an additional 5,310 shares during the period. Ancora Advisors LLC’s holdings in Postal Realty Trust were worth $3,742,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PSTL. Parallel Advisors LLC increased its stake in Postal Realty Trust by 964.5% during the 1st quarter. Parallel Advisors LLC now owns 1,948 shares of the company’s stock worth $28,000 after buying an additional 1,765 shares during the period. NBC Securities Inc. increased its stake in Postal Realty Trust by 124,900.0% during the 1st quarter. NBC Securities Inc. now owns 3,750 shares of the company’s stock worth $53,000 after buying an additional 3,747 shares during the period. Comerica Bank increased its stake in Postal Realty Trust by 151.0% during the 1st quarter. Comerica Bank now owns 4,287 shares of the company’s stock worth $61,000 after buying an additional 2,579 shares during the period. New Age Alpha Advisors LLC purchased a new stake in Postal Realty Trust during the 1st quarter worth approximately $71,000. Finally, Signaturefd LLC increased its stake in 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 during the period. 57.89% of the stock is owned by hedge funds and other institutional investors.

Postal Realty Trust Trading Down 0.2%

Shares of Postal Realty Trust stock opened at $15.76 on Thursday. The company has a fifty day simple moving average of $14.83 and a 200-day simple moving average of $14.07. Postal Realty Trust, Inc. has a 12-month low of $12.26 and a 12-month high of $15.89. 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 stock has a market cap of $387.26 million, a price-to-earnings ratio of 41.46 and a beta of 0.86.

Postal Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Thursday, July 31st were issued a $0.2425 dividend. The ex-dividend date was Thursday, July 31st. This represents a $0.97 annualized dividend and a dividend yield of 6.2%. Postal Realty Trust’s dividend payout ratio is presently 255.26%.

Wall Street Analyst Weigh In

A number of brokerages have commented on PSTL. Stifel Nicolaus set a $17.75 price objective on shares of Postal Realty Trust and gave the company a “buy” rating in a research report on Tuesday, August 5th. Wall Street Zen raised shares of Postal Realty Trust from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus 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.