Public Employees Retirement System of Ohio purchased a new position in Postal Realty Trust, Inc. (NYSE:PSTL – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 29,872 shares of the company’s stock, valued at approximately $736,000.
Other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in Postal Realty Trust by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 580,563 shares of the company’s stock worth $9,373,000 after acquiring an additional 11,230 shares during the period. CSM Advisors LLC grew its stake in Postal Realty Trust by 21.3% during the 4th quarter. CSM Advisors LLC now owns 470,745 shares of the company’s stock valued at $7,598,000 after purchasing an additional 82,545 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Postal Realty Trust by 1,041.2% in the fourth quarter. Invesco Ltd. now owns 450,333 shares of the company’s stock valued at $7,268,000 after purchasing an additional 410,871 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Postal Realty Trust by 5.0% in the first quarter. Renaissance Technologies LLC now owns 444,155 shares of the company’s stock valued at $8,244,000 after purchasing an additional 21,125 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Postal Realty Trust by 313.7% in the first quarter. Millennium Management LLC now owns 378,517 shares of the company’s stock worth $5,405,000 after purchasing an additional 287,027 shares during the last quarter. 57.89% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently commented on PSTL shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Postal Realty Trust in a report on Friday, July 10th. Scotiabank reissued an “outperform” rating on shares of Postal Realty Trust in a research report on Tuesday, September 1st. Truist Financial lifted their price objective on shares of Postal Realty Trust from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. JPMorgan Chase & Co. upped their price objective on shares of Postal Realty Trust from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Wednesday, August 26th. Finally, Zacks Research lowered shares of Postal Realty Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Postal Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $24.38.
Postal Realty Trust Stock Performance
Shares of NYSE:PSTL opened at $23.62 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.50 and a quick ratio of 1.50. Postal Realty Trust, Inc. has a 1 year low of $14.25 and a 1 year high of $25.22. The firm has a market capitalization of $652.47 million, a PE ratio of 43.75 and a beta of 0.79. The business’s 50 day moving average price is $23.56 and its 200-day moving average price is $22.17.
Postal Realty Trust (NYSE:PSTL – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.01. Postal Realty Trust had a net margin of 16.42% and a return on equity of 4.63%. The company had revenue of $28.58 million for the quarter, compared to analysts’ expectations of $26.27 million. Postal Realty Trust has set its FY 2026 guidance at 1.410-1.430 EPS. As a group, equities research analysts expect that Postal Realty Trust, Inc. will post 1.23 earnings per share for the current fiscal year.
Postal Realty Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Friday, August 14th. Postal Realty Trust’s dividend payout ratio is currently 181.48%.
Postal Realty Trust Company Profile
Postal Realty Trust is a real estate investment trust that acquires, owns and manages single-tenant commercial properties net-leased primarily to the United States Postal Service and other government agencies. The trust focuses on facilities that support mail processing, distribution and retail operations, targeting assets that offer long-term, inflation-protected lease structures.
The company’s portfolio includes post offices, distribution centers and mail processing facilities located throughout the contiguous United States.
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