AlphaQuest LLC Invests $340,000 in Postal Realty Trust, Inc. $PSTL

AlphaQuest LLC purchased a new position in shares of Postal Realty Trust, Inc. (NYSE:PSTL) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 23,813 shares of the company’s stock, valued at approximately $340,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PSTL. Parallel Advisors LLC lifted its holdings in shares of Postal Realty Trust by 964.5% during the 1st quarter. Parallel Advisors LLC now owns 1,948 shares of the company’s stock worth $28,000 after acquiring an additional 1,765 shares during the period. NBC Securities Inc. boosted its position in Postal Realty Trust by 124,900.0% in the first quarter. NBC Securities Inc. now owns 3,750 shares of the company’s stock valued at $53,000 after buying an additional 3,747 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in Postal Realty Trust in the first quarter valued at approximately $71,000. Signaturefd LLC boosted its position in Postal Realty Trust by 206.0% in the first quarter. Signaturefd LLC now owns 5,679 shares of the company’s stock valued at $81,000 after buying an additional 3,823 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Postal Realty Trust in the first quarter valued at approximately $95,000. Institutional investors own 57.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wall Street Zen upgraded shares of Postal Realty Trust from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Stifel Nicolaus set a $17.75 target price on shares of Postal Realty Trust and gave the company a “buy” rating in a research report on Tuesday, August 5th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $17.75.

Postal Realty Trust Price Performance

Shares of NYSE:PSTL opened at $15.59 on Thursday. The firm has a market cap of $383.20 million, a PE ratio of 41.03 and a beta of 0.84. The firm’s fifty day moving average is $14.76 and its 200-day moving average is $13.99. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.28 and a current ratio of 1.28. Postal Realty Trust, Inc. has a 52 week low of $12.26 and a 52 week high of $15.62.

Postal Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Thursday, July 31st will be paid a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Thursday, July 31st. Postal Realty Trust’s dividend payout ratio (DPR) is currently 255.26%.

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.