Wells Fargo & Company MN lifted its holdings in shares of Postal Realty Trust, Inc. (NYSE:PSTL) by 12.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,449 shares of the company’s stock after buying an additional 820 shares during the quarter. Wells Fargo & Company MN’s holdings in Postal Realty Trust were worth $125,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in shares of Postal Realty Trust by 57.3% during the 3rd quarter. BlackRock Inc. now owns 31,982 shares of the company’s stock valued at $484,000 after purchasing an additional 11,645 shares during the period. JPMorgan Chase & Co. increased its holdings in Postal Realty Trust by 86.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,503 shares of the company’s stock worth $139,000 after acquiring an additional 4,401 shares during the period. North Star Investment Management Corp. grew its position in shares of Postal Realty Trust by 111.4% during the 4th quarter. North Star Investment Management Corp. now owns 67,800 shares of the company’s stock valued at $1,144,000 after purchasing an additional 35,725 shares in the last quarter. US Bancorp DE boosted its stake in Postal Realty Trust by 15.8% during the fourth quarter. US Bancorp DE now owns 9,030 shares of the company’s stock valued at $152,000 after buying an additional 1,235 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in Postal Realty Trust in the 4th quarter worth about $386,000. Institutional investors and hedge funds own 67.22% of the company’s stock.
A number of research firms have recently issued reports on PSTL. Zacks Investment Research upgraded Postal Realty Trust from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Tuesday, March 30th. TheStreet cut Postal Realty Trust from a “c” rating to a “d+” rating in a research note on Friday, March 19th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $17.92.
Postal Realty Trust (NYSE:PSTL) last released its quarterly earnings data on Monday, March 22nd. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.16). Postal Realty Trust had a negative net margin of 9.51% and a negative return on equity of 2.33%. On average, analysts forecast that Postal Realty Trust, Inc. will post 0.74 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 26th. Shareholders of record on Friday, February 12th were issued a $0.2175 dividend. This is a positive change from Postal Realty Trust’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, February 11th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 4.71%.
About Postal Realty Trust
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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