Postal Realty Trust, Inc. (NYSE:PSTL) Shares Sold by Bard Associates Inc.

Bard Associates Inc. trimmed its position in Postal Realty Trust, Inc. (NYSE:PSTL) by 1.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 158,028 shares of the company’s stock after selling 2,671 shares during the period. Bard Associates Inc. owned approximately 0.69% of Postal Realty Trust worth $2,314,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its stake in shares of Postal Realty Trust by 40.1% in the 2nd quarter. Renaissance Technologies LLC now owns 267,427 shares of the company’s stock worth $3,565,000 after purchasing an additional 76,477 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Postal Realty Trust by 6.8% in the second quarter. Bank of New York Mellon Corp now owns 127,797 shares of the company’s stock valued at $1,704,000 after buying an additional 8,106 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Postal Realty Trust during the 2nd quarter valued at $550,000. Russell Investments Group Ltd. boosted its stake in shares of Postal Realty Trust by 67.5% during the 1st quarter. Russell Investments Group Ltd. now owns 92,722 shares of the company’s stock worth $1,328,000 after acquiring an additional 37,354 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Postal Realty Trust by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 935,321 shares of the company’s stock worth $13,394,000 after buying an additional 8,129 shares during the period. 57.89% of the stock is owned by institutional investors.

Postal Realty Trust Trading Down 1.9 %

Postal Realty Trust stock opened at $14.10 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.57 and a current ratio of 1.57. Postal Realty Trust, Inc. has a 52 week low of $13.00 and a 52 week high of $15.15. The firm has a market capitalization of $324.72 million, a price-to-earnings ratio of 176.21, a P/E/G ratio of 2.60 and a beta of 0.67. The company has a 50 day moving average price of $14.50 and a 200 day moving average price of $14.08.

Postal Realty Trust (NYSE:PSTL) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.23). Postal Realty Trust had a net margin of 4.55% and a return on equity of 1.06%. The business had revenue of $19.67 million during the quarter, compared to the consensus estimate of $18.49 million. During the same quarter in the previous year, the business posted $0.27 EPS. Research analysts forecast that Postal Realty Trust, Inc. will post 0.79 EPS for the current year.

Postal Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 4th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 6.81%. The ex-dividend date of this dividend is Monday, November 4th. Postal Realty Trust’s dividend payout ratio (DPR) is currently 1,200.15%.

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.