New York State Common Retirement Fund Invests $188,000 in Postal Realty Trust, Inc. (NYSE:PSTL)

New York State Common Retirement Fund bought a new stake in shares of Postal Realty Trust, Inc. (NYSE:PSTL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,300 shares of the company’s stock, valued at approximately $188,000. New York State Common Retirement Fund owned approximately 0.08% of Postal Realty Trust as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. US Bancorp DE increased its stake in Postal Realty Trust by 11.5% in the 1st quarter. US Bancorp DE now owns 10,072 shares of the company’s stock worth $173,000 after acquiring an additional 1,042 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Postal Realty Trust during the 1st quarter valued at about $435,000. Envestnet Asset Management Inc. boosted its position in shares of Postal Realty Trust by 27.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 62,895 shares of the company’s stock valued at $1,081,000 after acquiring an additional 13,507 shares during the last quarter. BlackRock Inc. boosted its position in shares of Postal Realty Trust by 132.4% during the 1st quarter. BlackRock Inc. now owns 105,539 shares of the company’s stock valued at $1,812,000 after acquiring an additional 60,123 shares during the last quarter. Finally, UBS Group AG bought a new stake in shares of Postal Realty Trust during the 1st quarter valued at about $464,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Shares of PSTL stock opened at $18.89 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.37 and a current ratio of 1.37. Postal Realty Trust, Inc. has a fifty-two week low of $13.85 and a fifty-two week high of $21.27. The stock has a 50 day moving average price of $19.32 and a two-hundred day moving average price of $18.97. The company has a market capitalization of $258.00 million, a P/E ratio of 269.86 and a beta of 0.47.

Postal Realty Trust (NYSE:PSTL) last announced its quarterly earnings data on Tuesday, August 10th. The company reported $0.04 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. Postal Realty Trust had a return on equity of 0.84% and a net margin of 3.87%. As a group, equities analysts predict that Postal Realty Trust, Inc. will post 0.88 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 27th. Shareholders of record on Friday, August 13th were given a $0.222 dividend. The ex-dividend date of this dividend was Thursday, August 12th. This represents a $0.89 annualized dividend and a yield of 4.70%. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.22. Postal Realty Trust’s payout ratio is presently 89.00%.

A number of analysts have recently issued reports on the company. Zacks Investment Research downgraded Postal Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, September 16th. TheStreet downgraded Postal Realty Trust from a “b-” rating to a “c” rating in a research report on Thursday, August 12th.

Postal Realty Trust Company Profile

Postal Realty Trust, Inc is an internally managed real estate investment trust that owns and manages over 1,000 properties leased to the USPS. The Company believes it is one of the largest owners and managers of properties leased to the USPS.

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Institutional Ownership by Quarter for Postal Realty Trust (NYSE:PSTL)

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