Greenwich Investment Management Inc. Makes New Investment in Postal Realty Trust (NASDAQ:PSTL)

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Greenwich Investment Management Inc. purchased a new position in shares of Postal Realty Trust (NASDAQ:PSTL) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 50,000 shares of the company’s stock, valued at approximately $788,000. Greenwich Investment Management Inc. owned about 0.95% of Postal Realty Trust as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Trellus Management Company LLC bought a new stake in shares of Postal Realty Trust during the 2nd quarter worth approximately $315,000. Janney Montgomery Scott LLC bought a new stake in shares of Postal Realty Trust during the 2nd quarter worth approximately $447,000. State of New Jersey Common Pension Fund D bought a new stake in shares of Postal Realty Trust during the 2nd quarter worth approximately $1,260,000. Finally, Taylor Wealth Management Partners bought a new stake in Postal Realty Trust in the 2nd quarter valued at $5,132,000.

A number of equities research analysts recently weighed in on the company. Janney Montgomery Scott assumed coverage on Postal Realty Trust in a research note on Friday, June 21st. They issued a “buy” rating and a $18.00 price target on the stock. Stifel Nicolaus assumed coverage on Postal Realty Trust in a research note on Monday, June 10th. They issued a “buy” rating and a $18.00 price target on the stock. DA Davidson assumed coverage on Postal Realty Trust in a research note on Monday, June 10th. They issued a “buy” rating on the stock. B. Riley began coverage on Postal Realty Trust in a research note on Tuesday, July 2nd. They issued a “buy” rating and a $18.50 price target on the stock. Finally, BMO Capital Markets began coverage on Postal Realty Trust in a research report on Monday, June 10th. They set an “outperform” rating and a $18.00 price objective on the stock. Five equities research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average price target of $18.13.

PSTL stock opened at $14.49 on Wednesday. Postal Realty Trust has a fifty-two week low of $13.93 and a fifty-two week high of $17.37. The stock’s fifty day moving average price is $15.19.

The business also recently announced an annual dividend, which was paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 9th were issued a dividend of $0.063 per share. This represents a dividend yield of 0.41%. The ex-dividend date was Monday, July 8th.

About Postal Realty Trust

Postal Realty Trust, Inc is an internally managed real estate investment trust that will own and manage properties leased to the United States Postal Service, or USPS. Upon completion of the offering and related formation transactions, the Company will own and manage an initial portfolio of 271 postal properties located in 41 states comprising 871,843 net leasable interior square feet, all of which are leased to the USPS, and through its taxable REIT subsidiary will provide fee-based third party property management services for an additional 404 postal properties leased to the USPS and owned by family members of Andrew Spodek, the Company's chief executive officer, and their partners.

Further Reading: How is diluted EPS different from basic EPS?

Institutional Ownership by Quarter for Postal Realty Trust (NASDAQ:PSTL)

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