Dakota Wealth Management Lowers Holdings in Postal Realty Trust, Inc. (NYSE:PSTL)

Dakota Wealth Management reduced its stake in shares of Postal Realty Trust, Inc. (NYSE:PSTL) by 69.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 47,658 shares of the company’s stock after selling 109,799 shares during the period. Dakota Wealth Management’s holdings in Postal Realty Trust were worth $622,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of PSTL. JPMorgan Chase & Co. grew its stake in Postal Realty Trust by 32.9% during the third quarter. JPMorgan Chase & Co. now owns 111,799 shares of the company’s stock valued at $1,637,000 after acquiring an additional 27,700 shares in the last quarter. Barclays PLC boosted its holdings in shares of Postal Realty Trust by 269.7% during the 3rd quarter. Barclays PLC now owns 29,480 shares of the company’s stock valued at $432,000 after purchasing an additional 21,506 shares during the last quarter. Arete Wealth Advisors LLC grew its position in shares of Postal Realty Trust by 11.7% during 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. Geode Capital Management LLC increased its holdings in shares of Postal Realty Trust by 3.5% in the third quarter. Geode Capital Management LLC now owns 577,040 shares of the company’s stock worth $8,449,000 after purchasing an additional 19,600 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Postal Realty Trust by 16.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 27,600 shares of the company’s stock worth $404,000 after buying an additional 4,000 shares in the last quarter. Institutional investors own 57.89% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Andrew Spodek acquired 7,968 shares of the stock in a transaction dated Thursday, December 19th. The stock was acquired at an average cost of $13.00 per share, with a total value of $103,584.00. Following the purchase, the chief executive officer now directly owns 277,518 shares of the company’s stock, valued at approximately $3,607,734. This trade represents a 2.96 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 13.60% of the company’s stock.

Postal Realty Trust Price Performance

Shares of Postal Realty Trust stock opened at $13.00 on Friday. The firm has a market cap of $304.73 million, a PE ratio of 162.46, a PEG ratio of 2.14 and a beta of 0.67. The stock has a 50 day moving average of $13.37 and a 200 day moving average of $14.05. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.90. Postal Realty Trust, Inc. has a 12 month low of $12.43 and a 12 month high of $15.15.

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

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.