1 day Ago By ABMN Staff
Bank of New York Mellon Corp lifted its stake in Postal Realty Trust, Inc. ( NYSE:PSTL – Free Report ) by 6.8% during the 2nd quarter, according to its most recent disclosure with the SEC.
The institutional investor owned 127,797 shares of the company’s stock after buying an additional 8,106 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.56% of Postal Realty Trust worth $1,704,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the stock. Nisa Investment Advisors LLC raised its stake in Postal Realty Trust by 16.5% during the second quarter.
Nisa Investment Advisors LLC now owns 8,492 shares of the company’s stock valued at $113,000 after purchasing an additional 1,200 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Postal Realty Trust by 89.4% during the 1st quarter.
BNP Paribas Financial Markets now owns 9,951 shares of the company’s stock worth $142,000 after acquiring an additional 4,698 shares in the last quarter. Avantax Advisory Services Inc. bought a new position in Postal Realty Trust during the 4th quarter worth about $163,000.
M&G Plc bought a new position in Postal Realty Trust during the 1st quarter worth about $169,000. Finally, Quest Partners LLC bought a new position in Postal Realty Trust during the 4th quarter worth about $171,000. Hedge funds and other institutional investors own 57.
89% of the company’s stock. Insiders Place Their Bets In other Postal Realty Trust news, Treasurer Jeremy Garber sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $14.
02, for a total transaction of $140,200.00. Following the completion of the transaction, the treasurer now directly owns 223,020 shares of the company’s stock, valued at approximately $3,126,740.
40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link . 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 shares were sold at an average price of $14.02, for a total transaction of $140,200.00.
Following the sale, the treasurer now owns 223,020 shares of the company’s stock, valued at approximately $3,126,740.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website .
Also, CEO Andrew Spodek acquired 8,856 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were purchased at an average cost of $13.00 per share, for a total transaction of $115,128.
00. Following the purchase, the chief executive officer now directly owns 266,374 shares in the company, valued at $3,462,862. The disclosure for this purchase can be found here .
13.60% of the stock is currently owned by insiders. Postal Realty Trust Stock Down 0.
7 % Postal Realty Trust ( NYSE:PSTL – Get Free Report ) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.
21 by ($0.19). The company had revenue of $18.
05 million during the quarter, compared to analysts’ expectations of $17.78 million. Postal Realty Trust had a net margin of 4.
93% and a return on equity of 1.10%. During the same period in the previous year, the business earned $0.
27 earnings per share. On average, equities analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders 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.
52%. The ex-dividend date was Friday, August 2nd. Postal Realty Trust’s dividend payout ratio is presently 960.
00%. Analyst Upgrades and Downgrades Separately, Stifel Nicolaus restated a “buy” rating and issued a $15.50 price target on shares of Postal Realty Trust in a report on Monday, June 17th.
Read Our Latest Stock Report on PSTL Postal Realty Trust Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding PSTL? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Postal Realty Trust, Inc. ( NYSE:PSTL – Free Report ). Receive News & Ratings for Postal Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Postal Realty Trust and related companies with MarketBeat.
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