Jeremy Garber Sells 1,500 Shares of Postal Realty Trust, Inc. (NYSE:PSTL) Stock

Postal Realty Trust, Inc. (NYSE:PSTL) Treasurer Jeremy Garber sold 1,500 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $14.25, for a total transaction of $21,375.00. Following the completion of the sale, the treasurer now directly owns 226,087 shares in the company, valued at $3,221,739.75. This represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Postal Realty Trust Stock Performance

Shares of PSTL stock opened at $14.24 on Friday. Postal Realty Trust, Inc. has a one year low of $12.26 and a one year high of $15.15. The company’s 50-day moving average is $13.27 and its 200 day moving average is $13.83. The company has a market capitalization of $335.33 million, a price-to-earnings ratio of 177.96 and a beta of 0.68. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.57 and a current ratio of 1.57.

Postal Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 6.81%. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, February 14th. Postal Realty Trust’s dividend payout ratio is 461.90%.

Hedge Funds Weigh In On Postal Realty Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Proficio Capital Partners LLC bought a new position in Postal Realty Trust during the 4th quarter valued at about $1,460,000. State Street Corp lifted its stake in Postal Realty Trust by 2.0% during the 3rd quarter. State Street Corp now owns 477,091 shares of the company’s stock valued at $6,985,000 after acquiring an additional 9,394 shares during the period. Geode Capital Management LLC lifted its stake in Postal Realty Trust by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 577,040 shares of the company’s stock valued at $8,449,000 after acquiring an additional 19,600 shares during the period. FMR LLC lifted its stake in Postal Realty Trust by 1.4% during the 3rd quarter. FMR LLC now owns 3,446,129 shares of the company’s stock valued at $50,451,000 after acquiring an additional 46,439 shares during the period. Finally, Barclays PLC lifted its stake in 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 acquiring an additional 21,506 shares during the period. Institutional investors own 57.89% of the company’s stock.

Postal Realty Trust Company 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.