Pekin Hardy Strauss Inc. Takes Position in Postal Realty Trust, Inc. (NYSE:PSTL)

Pekin Hardy Strauss Inc. bought a new stake in shares of Postal Realty Trust, Inc. (NYSE:PSTL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,500 shares of the company’s stock, valued at approximately $154,000.

A number of other hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its stake in shares of Postal Realty Trust by 67.5% in the 1st quarter. Russell Investments Group Ltd. now owns 92,722 shares of the company’s stock worth $1,328,000 after purchasing an additional 37,354 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Postal Realty Trust by 0.9% during the first 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 in the last quarter. Virtu Financial LLC acquired a new position in Postal Realty Trust in the first quarter worth approximately $251,000. Gilman Hill Asset Management LLC increased its holdings in shares of Postal Realty Trust by 1.9% in the second quarter. Gilman Hill Asset Management LLC now owns 561,097 shares of the company’s stock valued at $7,479,000 after buying an additional 10,259 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Postal Realty Trust by 16.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 8,492 shares of the company’s stock valued at $113,000 after acquiring an additional 1,200 shares during the last quarter. 57.89% of the stock is owned by institutional investors and hedge funds.

Postal Realty Trust Stock Performance

Shares of NYSE PSTL opened at $13.96 on Tuesday. The stock’s fifty day simple moving average is $14.39 and its 200 day simple moving average is $14.08. The stock has a market capitalization of $327.24 million, a price-to-earnings ratio of 174.46, a PEG ratio of 2.48 and a beta of 0.67. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.90. Postal Realty Trust, Inc. has a 52-week low of $13.00 and a 52-week high of $15.15.

Postal Realty Trust (NYSE:PSTL) last released its quarterly earnings results on Monday, November 4th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.23). The company had revenue of $19.67 million during the quarter, compared to analyst estimates of $18.49 million. Postal Realty Trust had a net margin of 4.55% and a return on equity of 1.06%. During the same quarter last year, the business earned $0.27 EPS. As a group, sell-side analysts forecast that Postal Realty Trust, Inc. will post 0.8 earnings per share for the current fiscal year.

Postal Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 4th will be issued a dividend of $0.24 per share. The ex-dividend date is Monday, November 4th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.88%. Postal Realty Trust’s dividend payout ratio is currently 1,200.15%.

Postal Realty Trust 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.