AQR Capital Management LLC Sells 55,940 Shares of Postal Realty Trust, Inc. (NYSE:PSTL)

AQR Capital Management LLC cut its stake in shares of Postal Realty Trust, Inc. (NYSE:PSTL) by 57.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,989 shares of the company’s stock after selling 55,940 shares during the quarter. AQR Capital Management LLC’s holdings in Postal Realty Trust were worth $560,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Foundry Partners LLC boosted its position in Postal Realty Trust by 87.8% during the 1st quarter. Foundry Partners LLC now owns 331,731 shares of the company’s stock worth $4,750,000 after buying an additional 155,086 shares during the period. Gilman Hill Asset Management LLC lifted its position in shares of Postal Realty Trust by 24.0% in the 1st quarter. Gilman Hill Asset Management LLC now owns 550,838 shares of the company’s stock worth $7,888,000 after purchasing an additional 106,613 shares during the period. Renaissance Technologies LLC lifted its position in shares of Postal Realty Trust by 40.1% in the 2nd quarter. Renaissance Technologies LLC now owns 267,427 shares of the company’s stock worth $3,565,000 after purchasing an additional 76,477 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Postal Realty Trust by 6.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 127,797 shares of the company’s stock worth $1,704,000 after purchasing an additional 8,106 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Postal Realty Trust in the 2nd quarter worth approximately $550,000. 57.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus restated a “buy” rating and issued a $15.50 price target on shares of Postal Realty Trust in a research report on Monday, June 17th.

Postal Realty Trust Stock Performance

Shares of PSTL stock opened at $14.14 on Tuesday. The firm has a market capitalization of $320.48 million, a PE ratio of 141.40, a price-to-earnings-growth ratio of 2.56 and a beta of 0.67. The firm has a fifty day simple moving average of $14.41 and a two-hundred day simple moving average of $13.98. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.88. Postal Realty Trust, Inc. has a 12 month low of $13.00 and a 12 month high of $15.15.

Postal Realty Trust (NYSE:PSTL) last posted its earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.19). Postal Realty Trust had a return on equity of 1.10% and a net margin of 4.93%. The firm had revenue of $18.05 million during the quarter, compared to the consensus estimate of $17.78 million. During the same quarter in the previous year, the company earned $0.27 EPS. Analysts forecast that Postal Realty Trust, Inc. will post 0.79 EPS for the current fiscal year.

Postal Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 2nd were given a dividend of $0.24 per share. The ex-dividend date was Friday, August 2nd. This represents a $0.96 annualized dividend and a yield of 6.79%. Postal Realty Trust’s payout ratio is currently 960.00%.

Postal Realty Trust 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.