Postal Realty Trust, Inc. (NYSE:PSTL - Get Free Report) CAO Matt Brandwein sold 2,810 shares of Postal Realty Trust stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $14.30, for a total value of $40,183.00. Following the completion of the sale, the chief accounting officer now directly owns 131,715 shares in the company, valued at approximately $1,883,524.50. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
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 Trading Up 0.1 %
Shares of PSTL opened at $14.25 on Tuesday. Postal Realty Trust, Inc. has a fifty-two week low of $12.26 and a fifty-two week high of $15.15. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.57 and a current ratio of 1.57. The company's fifty day moving average is $13.31 and its 200 day moving average is $13.82. The stock has a market capitalization of $335.57 million, a PE ratio of 178.08 and a beta of 0.68.
Postal Realty Trust Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a dividend yield of 6.81%. This is a boost from Postal Realty Trust's previous quarterly dividend of $0.24. 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
Several institutional investors and hedge funds have recently added to or reduced their stakes in PSTL. Zacks Investment Management purchased a new stake in Postal Realty Trust during the fourth quarter valued at approximately $2,264,000. Proficio Capital Partners LLC bought a new position in shares of Postal Realty Trust during the 4th quarter valued at approximately $1,460,000. Vanguard Group Inc. raised its holdings in Postal Realty Trust by 9.4% during the 4th quarter. Vanguard Group Inc. now owns 1,255,253 shares of the company's stock valued at $16,381,000 after buying an additional 107,887 shares during the period. Foundry Partners LLC raised its holdings in Postal Realty Trust by 21.3% during the 4th quarter. Foundry Partners LLC now owns 401,060 shares of the company's stock valued at $5,234,000 after buying an additional 70,299 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Postal Realty Trust by 27.1% in the fourth quarter. Renaissance Technologies LLC now owns 321,850 shares of the company's stock worth $4,200,000 after buying an additional 68,600 shares during the last quarter. Hedge funds and other institutional investors own 57.89% of the company's stock.
About Postal Realty Trust
(
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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