Postal Realty Trust, Inc. (NYSE:PSTL) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of Postal Realty Trust, Inc. (NYSE:PSTL) by 32.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 111,799 shares of the company’s stock after acquiring an additional 27,700 shares during the period. JPMorgan Chase & Co. owned about 0.48% of Postal Realty Trust worth $1,637,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Postal Realty Trust during the 3rd quarter valued at $108,000. International Assets Investment Management LLC lifted its holdings in shares of Postal Realty Trust by 1,387.5% in the third quarter. International Assets Investment Management LLC now owns 8,464 shares of the company’s stock valued at $124,000 after purchasing an additional 7,895 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Postal Realty Trust by 21.6% in the third quarter. Nisa Investment Advisors LLC now owns 10,329 shares of the company’s stock valued at $151,000 after purchasing an additional 1,837 shares in the last quarter. Pekin Hardy Strauss Inc. purchased a new stake in shares of Postal Realty Trust in the third quarter valued at $154,000. Finally, Arete Wealth Advisors LLC lifted its holdings in shares of Postal Realty Trust by 11.7% in the third quarter. Arete Wealth Advisors LLC now owns 18,934 shares of the company’s stock valued at $276,000 after purchasing an additional 1,981 shares in the last quarter. Institutional investors and hedge funds own 57.89% of the company’s stock.

Postal Realty Trust Price Performance

PSTL opened at $12.96 on Friday. The stock has a fifty day moving average of $13.39 and a 200-day moving average of $14.06. The firm has a market capitalization of $303.91 million, a P/E ratio of 162.02, a PEG ratio of 2.18 and a beta of 0.67. Postal Realty Trust, Inc. has a 12-month low of $12.43 and a 12-month high of $15.15. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.90.

Postal Realty Trust (NYSE:PSTL) last released its earnings results on Monday, November 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.23). The business had revenue of $19.67 million during the quarter, compared to analysts’ expectations of $18.49 million. Postal Realty Trust had a net margin of 4.55% and a return on equity of 1.06%. During the same quarter in the previous year, the company earned $0.27 EPS. Equities analysts forecast that Postal Realty Trust, Inc. will post 0.84 EPS for the current fiscal year.

Insider Buying and Selling

In other Postal Realty Trust news, CEO Andrew Spodek bought 7,968 shares of the stock in a transaction on Thursday, December 19th. The shares were purchased at an average cost of $13.00 per share, with a total value of $103,584.00. Following the completion of the transaction, the chief executive officer now directly owns 277,518 shares of the company’s stock, valued at $3,607,734. This represents a 2.96 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 13.60% of the stock is owned by corporate 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.