Postal Realty Trust, Inc. $PSTL Holdings Trimmed by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its position in shares of Postal Realty Trust, Inc. (NYSE:PSTL) by 6.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 172,959 shares of the company’s stock after selling 12,898 shares during the period. Janney Montgomery Scott LLC’s holdings in Postal Realty Trust were worth $2,548,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. NBC Securities Inc. boosted its stake in Postal Realty Trust by 124,900.0% during 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. Strs Ohio bought a new position in Postal Realty Trust during the first quarter valued at about $54,000. Comerica Bank boosted its stake in Postal Realty Trust by 151.0% during the first quarter. Comerica Bank now owns 4,287 shares of the company’s stock valued at $61,000 after buying an additional 2,579 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in Postal Realty Trust during the first quarter valued at about $71,000. Finally, Signaturefd LLC boosted its stake in Postal Realty Trust by 206.0% during 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. Institutional investors own 57.89% of the company’s stock.

Postal Realty Trust Stock Down 0.6%

Shares of Postal Realty Trust stock opened at $14.86 on Friday. The stock has a 50-day moving average price of $15.36 and a 200 day moving average price of $14.44. The company has a market cap of $365.26 million, a P/E ratio of 39.11 and a beta of 0.86. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.01. Postal Realty Trust, Inc. has a 1 year low of $12.26 and a 1 year high of $16.50.

Postal Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Thursday, July 31st were paid a dividend of $0.2425 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $0.97 dividend on an annualized basis and a dividend yield of 6.5%. Postal Realty Trust’s dividend payout ratio (DPR) is 255.26%.

Analyst Ratings Changes

Several brokerages recently weighed in on PSTL. JPMorgan Chase & Co. raised their target price on Postal Realty Trust from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday, September 30th. Wall Street Zen lowered Postal Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Stifel Nicolaus set a $17.75 price target on Postal Realty Trust and gave the company a “buy” rating in a research report on Tuesday, August 5th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Postal Realty Trust in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $17.38.

Insider Buying and Selling at Postal Realty Trust

In other news, CAO Matt Brandwein sold 1,803 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $16.00, for a total transaction of $28,848.00. Following the completion of the sale, the chief accounting officer directly owned 107,919 shares of the company’s stock, valued at $1,726,704. This trade represents a 1.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 13.70% of the stock is owned by company insiders.

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.