Postal Realty Trust, Inc. (NYSE:PSTL) Treasurer Sells $21,375.00 in Stock

Postal Realty Trust, Inc. (NYSE:PSTL) Treasurer Jeremy Garber sold 1,500 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $14.25, for a total transaction of $21,375.00. Following the transaction, the treasurer now directly owns 226,087 shares of the company’s stock, valued at $3,221,739.75. The trade was 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 through this hyperlink.

Postal Realty Trust Stock Performance

Shares of PSTL traded up $0.16 during mid-day trading on Friday, reaching $14.24. 136,744 shares of the company’s stock traded hands, compared to its average volume of 113,261. 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 business’s 50-day moving average price is $13.25 and its 200-day moving average price is $13.83. The stock has a market capitalization of $335.33 million, a P/E ratio of 177.96 and a beta of 0.68. Postal Realty Trust, Inc. has a 12 month low of $12.26 and a 12 month high of $15.15.

Postal Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.2425 per share. The ex-dividend date was Friday, February 14th. 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. Postal Realty Trust’s payout ratio is presently 461.90%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Two Sigma Advisers LP increased its holdings in shares of Postal Realty Trust by 159.5% during the fourth quarter. Two Sigma Advisers LP now owns 87,700 shares of the company’s stock valued at $1,144,000 after purchasing an additional 53,900 shares during the period. Two Sigma Investments LP increased its stake in Postal Realty Trust by 80.1% during the 4th quarter. Two Sigma Investments LP now owns 124,235 shares of the company’s stock valued at $1,621,000 after buying an additional 55,247 shares during the period. Sherbrooke Park Advisers LLC raised its position in shares of Postal Realty Trust by 23.5% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 12,717 shares of the company’s stock worth $166,000 after buying an additional 2,420 shares in the last quarter. Nuveen Asset Management LLC raised its position in shares of Postal Realty Trust by 0.3% during the 4th quarter. Nuveen Asset Management LLC now owns 302,135 shares of the company’s stock worth $3,943,000 after buying an additional 916 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Postal Realty Trust by 90.2% in the 4th quarter. Deutsche Bank AG now owns 30,374 shares of the company’s stock worth $396,000 after acquiring an additional 14,406 shares during the period. Institutional investors and hedge funds own 57.89% of the company’s stock.

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.