Postal Realty Trust, Inc. (NYSE:PSTL - Get Free Report) Treasurer Jeremy Garber sold 1,500 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $14.25, for a total value of $21,375.00. Following the sale, the treasurer now owns 226,087 shares of the company's stock, valued at $3,221,739.75. This trade represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Postal Realty Trust Trading Up 1.1 %
Shares of NYSE:PSTL opened at $14.24 on Friday. The business's 50-day moving average is $13.27 and its 200 day moving average is $13.83. Postal Realty Trust, Inc. has a 1 year low of $12.26 and a 1 year high of $15.15. The firm has a market capitalization of $335.33 million, a P/E ratio of 177.96 and a beta of 0.68. 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 Increases Dividend
The firm also recently announced 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 is a positive change from Postal Realty Trust's previous quarterly dividend of $0.24. This represents a $0.97 annualized dividend and a yield of 6.81%. The ex-dividend date of this dividend was Friday, February 14th. Postal Realty Trust's dividend payout ratio is currently 461.90%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC acquired a new position in Postal Realty Trust during the 4th quarter valued at about $1,460,000. State Street Corp increased its position 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 buying an additional 9,394 shares in the last quarter. Geode Capital Management LLC increased its position 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 buying an additional 19,600 shares in the last quarter. FMR LLC increased its holdings in shares of Postal Realty Trust by 1.4% in the third quarter. FMR LLC now owns 3,446,129 shares of the company's stock valued at $50,451,000 after purchasing an additional 46,439 shares during the period. Finally, Barclays PLC increased its holdings in shares of Postal Realty Trust by 269.7% in the third quarter. Barclays PLC now owns 29,480 shares of the company's stock valued at $432,000 after purchasing an additional 21,506 shares during the period. 57.89% of the stock is owned by institutional investors and hedge funds.
Postal Realty Trust Company Profile
(
Get Free Report)
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.
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