Thrivent Financial for Lutherans Purchases New Position in Postal Realty Trust, Inc. $PSTL

Thrivent Financial for Lutherans purchased a new stake in Postal Realty Trust, Inc. (NYSE:PSTL) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 27,846 shares of the company’s stock, valued at approximately $437,000. Thrivent Financial for Lutherans owned 0.11% of Postal Realty Trust at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PSTL. Millennium Management LLC boosted its stake in shares of Postal Realty Trust by 313.7% in the 1st quarter. Millennium Management LLC now owns 378,517 shares of the company’s stock valued at $5,405,000 after purchasing an additional 287,027 shares in the last quarter. CSM Advisors LLC bought a new position in Postal Realty Trust during the 2nd quarter valued at about $3,567,000. Man Group plc bought a new position in Postal Realty Trust during the 2nd quarter valued at about $2,590,000. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in Postal Realty Trust in the third quarter valued at about $2,433,000. Finally, Segall Bryant & Hamill LLC bought a new stake in Postal Realty Trust during the second quarter worth about $2,180,000. 57.89% of the stock is currently owned by institutional investors and hedge funds.

Postal Realty Trust Stock Up 2.5%

NYSE:PSTL opened at $19.33 on Wednesday. The company has a market cap of $503.61 million, a price-to-earnings ratio of 40.26 and a beta of 0.74. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.25 and a current ratio of 1.25. The stock’s fifty day moving average price is $17.13 and its two-hundred day moving average price is $15.96. Postal Realty Trust, Inc. has a 52-week low of $12.26 and a 52-week high of $19.41.

Postal Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a $0.245 dividend. The ex-dividend date is Friday, February 13th. This is a positive change from Postal Realty Trust’s previous quarterly dividend of $0.24. This represents a $0.98 dividend on an annualized basis and a yield of 5.1%. Postal Realty Trust’s dividend payout ratio is 204.17%.

Analyst Ratings Changes

A number of research firms have recently issued reports on PSTL. Truist Financial set a $20.00 target price on shares of Postal Realty Trust and gave the company a “buy” rating in a research note on Tuesday, January 20th. Wall Street Zen cut Postal Realty Trust from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.25.

Postal Realty Trust Company Profile

Postal Realty Trust is a real estate investment trust that acquires, owns and manages single-tenant commercial properties net-leased primarily to the United States Postal Service and other government agencies. The trust focuses on facilities that support mail processing, distribution and retail operations, targeting assets that offer long-term, inflation-protected lease structures.

The company’s portfolio includes post offices, distribution centers and mail processing facilities located throughout the contiguous United States.