Postal Realty Trust, Inc. (NYSE:PSTL) Stock Position Raised by North Star Investment Management Corp.

North Star Investment Management Corp. lifted its stake in shares of Postal Realty Trust, Inc. (NYSE:PSTL – Get Rating) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 216,283 shares of the company’s stock after acquiring an additional 15,002 shares during the quarter. North Star Investment Management Corp.’s holdings in Postal Realty Trust were worth $3,143,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. White Pine Capital LLC lifted its holdings in shares of Postal Realty Trust by 2.4% in the third quarter. White Pine Capital LLC now owns 37,737 shares of the company’s stock valued at $554,000 after purchasing an additional 891 shares in the last quarter. Penn Capital Management Company LLC purchased a new stake in shares of Postal Realty Trust in the second quarter valued at $3,075,000. Penserra Capital Management LLC lifted its holdings in shares of Postal Realty Trust by 10.8% in the third quarter. Penserra Capital Management LLC now owns 21,391 shares of the company’s stock valued at $313,000 after purchasing an additional 2,080 shares in the last quarter. Dakota Wealth Management lifted its holdings in shares of Postal Realty Trust by 342.6% in the third quarter. Dakota Wealth Management now owns 89,924 shares of the company’s stock valued at $1,319,000 after purchasing an additional 69,605 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Postal Realty Trust by 296.2% in the third quarter. Russell Investments Group Ltd. now owns 59,375 shares of the company’s stock valued at $870,000 after purchasing an additional 44,390 shares in the last quarter. 70.45% of the stock is owned by institutional investors.

Postal Realty Trust Price Performance

Shares of NYSE:PSTL opened at $14.43 on Friday. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.69. Postal Realty Trust, Inc. has a 1 year low of $14.14 and a 1 year high of $18.24. The business has a fifty day simple moving average of $15.12 and a 200 day simple moving average of $15.13. The firm has a market cap of $274.31 million, a price-to-earnings ratio of 90.19, a P/E/G ratio of 3.04 and a beta of 0.64.

Postal Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Wednesday, February 15th were issued a dividend of $0.237 per share. This represents a $0.95 annualized dividend and a dividend yield of 6.57%. This is a positive change from Postal Realty Trust’s previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, February 14th. Postal Realty Trust’s dividend payout ratio (DPR) is currently 593.79%.

Analyst Ratings Changes

Separately, BTIG Research reduced their target price on Postal Realty Trust from $22.00 to $17.00 in a report on Monday, January 9th.

About Postal Realty Trust

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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.