Dakota Wealth Management Sells 5,932 Shares of Postal Realty Trust, Inc. (NYSE:PSTL)

Dakota Wealth Management lowered its position in Postal Realty Trust, Inc. (NYSE:PSTL) by 3.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 157,457 shares of the company’s stock after selling 5,932 shares during the period. Dakota Wealth Management’s holdings in Postal Realty Trust were worth $2,305,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PSTL. Quest Partners LLC raised its holdings in Postal Realty Trust by 121,650.0% during the 2nd quarter. Quest Partners LLC now owns 2,435 shares of the company’s stock worth $32,000 after buying an additional 2,433 shares during the period. SG Americas Securities LLC bought a new stake in shares of Postal Realty Trust during the third quarter worth $108,000. Nisa Investment Advisors LLC raised its holdings in shares of Postal Realty Trust by 16.5% during the second quarter. Nisa Investment Advisors LLC now owns 8,492 shares of the company’s stock worth $113,000 after acquiring an additional 1,200 shares during the period. International Assets Investment Management LLC lifted its position in Postal Realty Trust by 1,387.5% in the 3rd quarter. International Assets Investment Management LLC now owns 8,464 shares of the company’s stock valued at $124,000 after acquiring an additional 7,895 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Postal Realty Trust by 89.4% in the 1st quarter. BNP Paribas Financial Markets now owns 9,951 shares of the company’s stock worth $142,000 after purchasing an additional 4,698 shares during the period. Institutional investors and hedge funds own 57.89% of the company’s stock.

Postal Realty Trust Stock Performance

PSTL opened at $14.31 on Friday. The company has a market capitalization of $324.34 million, a price-to-earnings ratio of 143.10, a P/E/G ratio of 2.65 and a beta of 0.67. The business’s 50-day moving average price is $14.47 and its two-hundred day moving average price is $14.01. Postal Realty Trust, Inc. has a 1 year low of $13.00 and a 1 year high of $15.15. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 2.04.

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

Postal Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 4th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.71%. The ex-dividend date of this dividend is Monday, November 4th. Postal Realty Trust’s dividend payout ratio is presently 960.00%.

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.