Quadrature Capital Ltd Buys New Stake in Postal Realty Trust, Inc. (NYSE:PSTL)

Quadrature Capital Ltd bought a new stake in shares of Postal Realty Trust, Inc. (NYSE:PSTL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,407 shares of the company’s stock, valued at approximately $239,000. Quadrature Capital Ltd owned about 0.07% of Postal Realty Trust as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hudson Bay Capital Management LP purchased a new position in shares of Postal Realty Trust in the third quarter worth $7,654,000. North Star Investment Management Corp. raised its holdings in shares of Postal Realty Trust by 24.5% in the fourth quarter. North Star Investment Management Corp. now owns 426,180 shares of the company’s stock worth $6,205,000 after buying an additional 83,820 shares during the last quarter. Dakota Wealth Management raised its holdings in shares of Postal Realty Trust by 20.2% in the fourth quarter. Dakota Wealth Management now owns 179,373 shares of the company’s stock worth $2,612,000 after buying an additional 30,114 shares during the last quarter. Foundry Partners LLC raised its holdings in shares of Postal Realty Trust by 87.5% in the fourth quarter. Foundry Partners LLC now owns 176,645 shares of the company’s stock worth $2,572,000 after buying an additional 82,440 shares during the last quarter. Finally, Bard Associates Inc. raised its holdings in shares of Postal Realty Trust by 0.7% in the fourth quarter. Bard Associates Inc. now owns 163,725 shares of the company’s stock worth $2,384,000 after buying an additional 1,125 shares during the last quarter. Hedge funds and other institutional investors own 57.89% of the company’s stock.

Analysts Set New Price Targets

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

Postal Realty Trust Stock Up 0.1 %

NYSE:PSTL opened at $13.11 on Thursday. The firm has a market capitalization of $297.14 million, a P/E ratio of 131.10, a PEG ratio of 2.36 and a beta of 0.64. Postal Realty Trust, Inc. has a 1-year low of $12.98 and a 1-year high of $15.70. The company’s fifty day moving average price is $13.51 and its 200-day moving average price is $13.96. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.39 and a quick ratio of 2.39.

Postal Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 8th were paid a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.32%. Postal Realty Trust’s payout ratio is currently 960.00%.

Insider Transactions at Postal Realty Trust

In other Postal Realty Trust news, CEO Andrew Spodek acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, April 10th. The shares were purchased at an average price of $13.75 per share, for a total transaction of $137,500.00. Following the completion of the purchase, the chief executive officer now directly owns 237,518 shares of the company’s stock, valued at $3,265,872.50. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have acquired 28,526 shares of company stock worth $385,424 over the last 90 days. 13.20% of the stock is currently owned by company insiders.

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.