Dakota Wealth Management Has $2.31 Million Holdings in Postal Realty Trust, Inc. (NYSE:PSTL)

Dakota Wealth Management trimmed its holdings in shares of Postal Realty Trust, Inc. (NYSE:PSTL) by 3.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,457 shares of the company’s stock after selling 5,932 shares during the period. Dakota Wealth Management owned 0.68% of Postal Realty Trust worth $2,305,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of 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 purchasing an additional 8,129 shares in the last quarter. Gilman Hill Asset Management LLC boosted its position in Postal Realty Trust by 0.8% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 565,355 shares of the company’s stock valued at $8,277,000 after buying an additional 4,258 shares during the last quarter. North Star Investment Management Corp. increased its stake in shares of Postal Realty Trust by 4.0% in the 1st quarter. North Star Investment Management Corp. now owns 443,180 shares of the company’s stock valued at $6,346,000 after buying an additional 17,000 shares during the period. Foundry Partners LLC raised its position in shares of Postal Realty Trust by 87.8% during the first quarter. Foundry Partners LLC now owns 331,731 shares of the company’s stock worth $4,750,000 after acquiring an additional 155,086 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Postal Realty Trust by 40.1% during the second quarter. Renaissance Technologies LLC now owns 267,427 shares of the company’s stock valued at $3,565,000 after acquiring an additional 76,477 shares during the period. Institutional investors own 57.89% of the company’s stock.

Postal Realty Trust Price Performance

Postal Realty Trust stock opened at $14.31 on Friday. The stock has a market cap of $324.34 million, a price-to-earnings ratio of 143.10, a P/E/G ratio of 2.65 and a beta of 0.67. Postal Realty Trust, Inc. has a 12-month low of $13.00 and a 12-month high of $15.15. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The business’s 50-day simple moving average is $14.47 and its 200 day simple moving average is $14.01.

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

Postal Realty Trust Announces Dividend

The firm 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 dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 6.71%. The ex-dividend date of this dividend is Monday, November 4th. Postal Realty Trust’s payout ratio is 960.00%.

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.