Postal Realty Trust, Inc. (NYSE:PSTL) CAO Sells $40,183.00 in Stock

Postal Realty Trust, Inc. (NYSE:PSTL) CAO Matt Brandwein sold 2,810 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $14.30, for a total transaction of $40,183.00. Following the transaction, the chief accounting officer now directly owns 131,715 shares in the company, valued at approximately $1,883,524.50. This trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Matt Brandwein also recently made the following trade(s):

• On Monday, March 17th, Matt Brandwein sold 15,142 shares of Postal Realty Trust stock. The shares were sold at an average price of $14.25, for a total value of $215,773.50.

Postal Realty Trust Stock Up 0.1 %

Shares of Postal Realty Trust stock traded up $0.02 during trading on Monday, hitting $14.25. 191,426 shares of the stock traded hands, compared to its average volume of 113,471. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.90. The stock’s fifty day simple moving average is $13.31 and its 200 day simple moving average is $13.82. The firm has a market cap of $335.57 million, a P/E ratio of 178.08 and a beta of 0.68. Postal Realty Trust, Inc. has a 52-week low of $12.26 and a 52-week high of $15.15.

Postal Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.2425 dividend. This represents a $0.97 annualized dividend and a dividend yield of 6.81%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Postal Realty Trust’s previous quarterly dividend of $0.24. Postal Realty Trust’s dividend payout ratio is presently 461.90%.

Hedge Funds Weigh In On Postal Realty Trust

Several institutional investors have recently bought and sold shares of PSTL. FMR LLC increased its holdings in shares of Postal Realty Trust by 1.4% in 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. Vanguard Group Inc. raised its holdings in Postal Realty Trust by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 1,255,253 shares of the company’s stock worth $16,381,000 after purchasing an additional 107,887 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Postal Realty Trust by 3.5% during the third quarter. Geode Capital Management LLC now owns 577,040 shares of the company’s stock valued at $8,449,000 after buying an additional 19,600 shares during the last quarter. State Street Corp grew its position in shares of Postal Realty Trust by 2.0% in the 3rd quarter. State Street Corp now owns 477,091 shares of the company’s stock worth $6,985,000 after buying an additional 9,394 shares during the last quarter. Finally, Foundry Partners LLC raised its stake in shares of Postal Realty Trust by 21.3% during the 4th quarter. Foundry Partners LLC now owns 401,060 shares of the company’s stock worth $5,234,000 after acquiring an additional 70,299 shares in the last quarter. 57.89% of the stock is owned by hedge funds and other institutional investors.

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.