HTLF Bank Buys 8,553 Shares of Postal Realty Trust, Inc. (NYSE:PSTL)

HTLF Bank lifted its holdings in Postal Realty Trust, Inc. (NYSE:PSTL) by 6.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 134,367 shares of the company’s stock after purchasing an additional 8,553 shares during the period. HTLF Bank owned 0.59% of Postal Realty Trust worth $1,967,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in PSTL. Quest Partners LLC increased its stake in shares of Postal Realty Trust by 121,650.0% in the second quarter. Quest Partners LLC now owns 2,435 shares of the company’s stock worth $32,000 after purchasing an additional 2,433 shares during the period. SG Americas Securities LLC bought a new position in shares of Postal Realty Trust in the third quarter worth about $108,000. Nisa Investment Advisors LLC increased its stake in shares of Postal Realty Trust by 16.5% in the second quarter. Nisa Investment Advisors LLC now owns 8,492 shares of the company’s stock worth $113,000 after purchasing an additional 1,200 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Postal Realty Trust by 89.4% in the first 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. Finally, M&G Plc bought a new position in shares of Postal Realty Trust in the first quarter worth about $169,000. 57.89% of the stock is currently owned by institutional investors.

Postal Realty Trust Stock Performance

PSTL stock traded up $0.32 during trading on Tuesday, reaching $14.45. 87,315 shares of the stock were exchanged, compared to its average volume of 97,577. Postal Realty Trust, Inc. has a twelve month low of $13.00 and a twelve month high of $15.15. The company has a market capitalization of $327.51 million, a P/E ratio of 144.60, a price-to-earnings-growth ratio of 2.56 and a beta of 0.67. The stock has a 50 day simple moving average of $14.41 and a 200-day simple moving average of $13.98. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.88.

Postal Realty Trust (NYSE:PSTL) last released its earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.19). Postal Realty Trust had a return on equity of 1.10% and a net margin of 4.93%. The firm had revenue of $18.05 million for the quarter, compared to analyst estimates of $17.78 million. During the same period last year, the business earned $0.27 earnings per share. As a group, sell-side analysts anticipate that Postal Realty Trust, Inc. will post 0.79 earnings per share for the current year.

Postal Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 2nd were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 6.64%. The ex-dividend date was Friday, August 2nd. Postal Realty Trust’s dividend payout ratio (DPR) is presently 960.00%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus reiterated a “buy” rating and issued a $15.50 price objective on shares of Postal Realty Trust in a research note on Monday, June 17th.

About Postal Realty Trust

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.