Foundry Partners LLC Purchases 70,299 Shares of Postal Realty Trust, Inc. (NYSE:PSTL)

Foundry Partners LLC increased its position in Postal Realty Trust, Inc. (NYSE:PSTL) by 21.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 401,060 shares of the company’s stock after purchasing an additional 70,299 shares during the quarter. Foundry Partners LLC owned approximately 1.71% of Postal Realty Trust worth $5,234,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PSTL. Proficio Capital Partners LLC bought a new position in shares of Postal Realty Trust in the 4th quarter worth $1,460,000. Vanguard Group Inc. boosted its holdings in Postal Realty Trust by 9.4% during the fourth quarter. Vanguard Group Inc. now owns 1,255,253 shares of the company’s stock worth $16,381,000 after buying an additional 107,887 shares during the last quarter. FMR LLC boosted its holdings in Postal Realty Trust by 1.4% during the third quarter. FMR LLC now owns 3,446,129 shares of the company’s stock worth $50,451,000 after buying an additional 46,439 shares during the last quarter. Nvwm LLC acquired a new position in shares of Postal Realty Trust during the 4th quarter worth about $579,000. Finally, Jane Street Group LLC raised its position in shares of Postal Realty Trust by 166.6% in the 3rd quarter. Jane Street Group LLC now owns 52,240 shares of the company’s stock valued at $765,000 after acquiring an additional 32,644 shares during the period. 57.89% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Matt Brandwein sold 2,810 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $14.30, for a total transaction of $40,183.00. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 19,452 shares of company stock worth $277,332. Corporate insiders own 13.60% of the company’s stock.

Postal Realty Trust Stock Down 2.3 %

Postal Realty Trust stock opened at $13.76 on Friday. The firm has a market capitalization of $324.24 million, a price-to-earnings ratio of 172.07 and a beta of 0.71. The company’s 50 day simple moving average is $13.64 and its 200 day simple moving average is $13.79. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.57 and a quick ratio of 1.57. Postal Realty Trust, Inc. has a fifty-two week low of $12.26 and a fifty-two week high of $15.15.

Postal Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.2425 dividend. This is a positive change from Postal Realty Trust’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, February 14th. This represents a $0.97 annualized dividend and a dividend yield of 7.05%. Postal Realty Trust’s payout ratio is 461.90%.

About Postal Realty Trust

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.