State of New Jersey Common Pension Fund D Sells 66,305 Shares of Postal Realty Trust, Inc. (NYSE:PSTL)

State of New Jersey Common Pension Fund D reduced its holdings in Postal Realty Trust, Inc. (NYSE:PSTL) by 32.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 138,494 shares of the company’s stock after selling 66,305 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.61% of Postal Realty Trust worth $1,846,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of PSTL. Foundry Partners LLC boosted its position in shares of Postal Realty Trust by 87.8% during the first 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 boosted its position in Postal Realty Trust by 24.0% during the first quarter. Gilman Hill Asset Management LLC now owns 550,838 shares of the company’s stock valued at $7,888,000 after purchasing an additional 106,613 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Postal Realty Trust during the second quarter valued at approximately $550,000. Belpointe Asset Management LLC acquired a new position in Postal Realty Trust during the fourth quarter valued at approximately $571,000. Finally, Prosperity Consulting Group LLC acquired a new position in Postal Realty Trust during the first quarter valued at approximately $540,000. 57.89% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Stifel Nicolaus reissued a “buy” rating and set 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 NYSE PSTL opened at $14.65 on Tuesday. The stock has a 50 day moving average price of $14.47 and a 200 day moving average price of $13.95. Postal Realty Trust, Inc. has a 52 week low of $12.98 and a 52 week high of $15.15. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.04 and a current ratio of 2.04. The stock has a market capitalization of $332.04 million, a PE ratio of 146.50, a price-to-earnings-growth ratio of 2.72 and a beta of 0.67.

Postal Realty Trust (NYSE:PSTL) last released 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). Postal Realty Trust had a net margin of 4.93% and a return on equity of 1.10%. The business had revenue of $18.05 million during the quarter, compared to analyst estimates of $17.78 million. During the same period in the previous year, the business earned $0.27 earnings per share. Analysts predict that Postal Realty Trust, Inc. will post 0.78 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 30th. Stockholders of record on Friday, August 2nd were given a $0.24 dividend. The ex-dividend date was Friday, August 2nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.55%. Postal Realty Trust’s payout ratio is 960.00%.

Insider Activity

In other news, Treasurer Jeremy Garber sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $14.02, for a total value of $140,200.00. Following the completion of the sale, the treasurer now directly owns 223,020 shares of the company’s stock, valued at $3,126,740.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 13.60% of the company’s stock.

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.