JPMorgan Chase & Co. Buys 27,700 Shares of Postal Realty Trust, Inc. (NYSE:PSTL)

JPMorgan Chase & Co. increased its holdings in shares of Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) by 32.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,799 shares of the company's stock after acquiring an additional 27,700 shares during the period. JPMorgan Chase & Co. owned approximately 0.48% of Postal Realty Trust worth $1,637,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in Postal Realty Trust by 14.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 224,417 shares of the company's stock worth $2,991,000 after purchasing an additional 28,485 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Postal Realty Trust by 40.1% during the second quarter. Renaissance Technologies LLC now owns 267,427 shares of the company's stock valued at $3,565,000 after buying an additional 76,477 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Postal Realty Trust during the third quarter valued at approximately $108,000. Gilman Hill Asset Management LLC raised its holdings in Postal Realty Trust by 0.8% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 565,355 shares of the company's stock worth $8,277,000 after acquiring an additional 4,258 shares during the last quarter. Finally, HTLF Bank lifted its position in Postal Realty Trust by 6.8% in the 3rd quarter. HTLF Bank now owns 134,367 shares of the company's stock valued at $1,967,000 after acquiring an additional 8,553 shares in the last quarter. 57.89% of the stock is currently owned by hedge funds and other institutional investors.

Postal Realty Trust Stock Performance

NYSE:PSTL traded up $0.01 during trading hours on Friday, reaching $13.00. The company had a trading volume of 103,966 shares, compared to its average volume of 133,524. The firm's 50 day moving average price is $13.37 and its 200-day moving average price is $14.05. The firm has a market cap of $304.73 million, a price-to-earnings ratio of 162.46, a PEG ratio of 2.14 and a beta of 0.67. 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 52 week low of $12.43 and a 52 week high of $15.15.

Postal Realty Trust (NYSE:PSTL - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.23). Postal Realty Trust had a return on equity of 1.06% and a net margin of 4.55%. The business had revenue of $19.67 million during the quarter, compared to analysts' expectations of $18.49 million. During the same period in the previous year, the business posted $0.27 EPS. On average, analysts forecast that Postal Realty Trust, Inc. will post 0.84 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Andrew Spodek acquired 7,968 shares of the business's stock in a transaction on 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 acquisition, the chief executive officer now directly owns 277,518 shares in the company, valued at $3,607,734. This represents a 2.96 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 13.60% of the company's stock.

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.