Postal Realty Trust, Inc. $PSTL Shares Sold by Ballentine Partners LLC

Ballentine Partners LLC lowered its stake in shares of Postal Realty Trust, Inc. (NYSE:PSTL) by 4.9% in the second quarter, HoldingsChannel reports. The firm owned 29,060 shares of the company’s stock after selling 1,507 shares during the quarter. Ballentine Partners LLC’s holdings in Postal Realty Trust were worth $428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in PSTL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Postal Realty Trust by 6.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,204 shares of the company’s stock valued at $189,000 after acquiring an additional 844 shares during the period. Resona Asset Management Co. Ltd. lifted its position in Postal Realty Trust by 10.1% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 9,809 shares of the company’s stock valued at $138,000 after purchasing an additional 898 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in Postal Realty Trust by 0.3% during the 4th quarter. Nuveen Asset Management LLC now owns 302,135 shares of the company’s stock valued at $3,943,000 after purchasing an additional 916 shares during the period. Invesco Ltd. grew its position in Postal Realty Trust by 3.5% in the 1st quarter. Invesco Ltd. now owns 29,514 shares of the company’s stock worth $421,000 after purchasing an additional 999 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. grew its position in Postal Realty Trust by 8.4% in the 1st quarter. Pekin Hardy Strauss Inc. now owns 16,100 shares of the company’s stock worth $230,000 after purchasing an additional 1,250 shares during the last quarter. 57.89% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PSTL shares. Wall Street Zen upgraded Postal Realty Trust from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Stifel Nicolaus set a $17.75 price target on Postal Realty Trust and gave the stock a “buy” rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Postal Realty Trust presently has an average rating of “Buy” and an average price target of $17.75.

Postal Realty Trust Price Performance

NYSE:PSTL opened at $15.83 on Friday. 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 business’s 50-day moving average price is $15.21 and its 200 day moving average price is $14.37. Postal Realty Trust, Inc. has a 52-week low of $12.26 and a 52-week high of $16.50. The firm has a market cap of $389.15 million, a P/E ratio of 41.66 and a beta of 0.86.

Postal Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, July 31st were issued a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date was Thursday, July 31st. Postal Realty Trust’s dividend payout ratio (DPR) is presently 255.26%.

Insider Transactions at Postal Realty Trust

In other Postal Realty Trust news, CAO Matt Brandwein sold 4,112 shares of Postal Realty Trust stock in a transaction that occurred on 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 owned 109,722 shares in the company, valued at approximately $1,755,552. The trade was a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 13.70% of the company’s stock.

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.