Pekin Hardy Strauss Inc. Buys Shares of 10,500 Postal Realty Trust, Inc. (NYSE:PSTL)

Pekin Hardy Strauss Inc. purchased a new position in Postal Realty Trust, Inc. (NYSE:PSTL) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 10,500 shares of the company’s stock, valued at approximately $154,000.

Several other institutional investors have also recently added to or reduced their stakes in PSTL. Russell Investments Group Ltd. raised its stake in Postal Realty Trust by 67.5% during the first 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 period. Vanguard Group Inc. increased its position in shares of Postal Realty Trust by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 935,321 shares of the company’s stock worth $13,394,000 after purchasing an additional 8,129 shares during the last quarter. Virtu Financial LLC bought a new stake in Postal Realty Trust in the first quarter valued at about $251,000. Gilman Hill Asset Management LLC grew its position in shares of Postal Realty Trust by 1.9% during the 2nd 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 during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in Postal Realty Trust by 16.5% during the second quarter. Nisa Investment Advisors LLC now owns 8,492 shares of the company’s stock worth $113,000 after acquiring an additional 1,200 shares during the period. Institutional investors and hedge funds own 57.89% of the company’s stock.

Postal Realty Trust Stock Performance

Shares of PSTL stock opened at $13.96 on Tuesday. The company has a market cap of $327.24 million, a P/E ratio of 174.46, a PEG ratio of 2.48 and a beta of 0.67. The business has a 50 day moving average of $14.39 and a two-hundred day moving average of $14.08. Postal Realty Trust, Inc. has a 52 week low of $13.00 and a 52 week high of $15.15. 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 (NYSE:PSTL) last released its quarterly earnings data on Monday, November 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $19.67 million for the quarter, compared to analyst estimates of $18.49 million. During the same quarter in the prior year, the firm earned $0.27 EPS. As a group, analysts anticipate that Postal Realty Trust, Inc. will post 0.8 EPS for the current year.

Postal Realty Trust Announces Dividend

The company also recently announced 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 6.88%. The ex-dividend date of this dividend is Monday, November 4th. Postal Realty Trust’s dividend payout ratio (DPR) is 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.