Postal Realty Trust, Inc. (NYSE:PSTL) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its holdings in shares of Postal Realty Trust, Inc. (NYSE:PSTL) by 16.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,387 shares of the company’s stock after buying an additional 5,928 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.18% of Postal Realty Trust worth $552,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Nisa Investment Advisors LLC boosted its position in Postal Realty Trust by 16.5% during the 2nd 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. BNP Paribas Financial Markets boosted its holdings in shares of Postal Realty Trust by 89.4% in the first quarter. BNP Paribas Financial Markets now owns 9,951 shares of the company’s stock valued at $142,000 after acquiring an additional 4,698 shares in the last quarter. Avantax Advisory Services Inc. acquired a new position in shares of Postal Realty Trust during the fourth quarter valued at approximately $163,000. M&G Plc bought a new stake in Postal Realty Trust during the first quarter worth approximately $169,000. Finally, Quest Partners LLC acquired a new stake in Postal Realty Trust in the fourth quarter worth approximately $171,000. 57.89% of the stock is owned by institutional investors.

Postal Realty Trust Stock Performance

NYSE:PSTL opened at $14.40 on Friday. The company has a 50-day moving average of $14.21 and a 200-day moving average of $13.90. The firm has a market cap of $326.38 million, a price-to-earnings ratio of 144.00, a price-to-earnings-growth ratio of 2.63 and a beta of 0.67. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.88. Postal Realty Trust, Inc. has a twelve month low of $12.98 and a twelve month high of $15.15.

Postal Realty Trust (NYSE:PSTL) last issued its earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.19). The business had revenue of $18.05 million for the quarter, compared to the consensus estimate of $17.78 million. Postal Realty Trust had a return on equity of 1.10% and a net margin of 4.93%. During the same quarter in the previous year, the business posted $0.27 earnings per share. Analysts forecast that Postal Realty Trust, Inc. will post 0.79 earnings per share for the current fiscal year.

Postal Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.67%. The ex-dividend date was Friday, August 2nd. Postal Realty Trust’s dividend payout ratio (DPR) is presently 960.00%.

Insider Activity

In related news, CEO Andrew Spodek purchased 8,856 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The shares were purchased at an average price of $13.00 per share, with a total value of $115,128.00. Following the purchase, the chief executive officer now owns 266,374 shares of the company’s stock, valued at approximately $3,462,862. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Treasurer Jeremy Garber sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $14.02, for a total value of $140,200.00. Following the completion of the sale, the treasurer now owns 223,020 shares of the company’s stock, valued at $3,126,740.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew Spodek purchased 8,856 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The shares were acquired at an average cost of $13.00 per share, for a total transaction of $115,128.00. Following the completion of the transaction, the chief executive officer now directly owns 266,374 shares of the company’s stock, valued at approximately $3,462,862. The disclosure for this purchase can be found here. 13.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Stifel Nicolaus reiterated a “buy” rating and set a $15.50 price target on shares of Postal Realty Trust in a research report on Monday, June 17th.

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.