Insider Selling: 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 firm’s stock in a transaction on Wednesday, March 12th. The stock was 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 approximately $3,221,739.75. This represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Postal Realty Trust Stock Up 1.1 %

NYSE:PSTL traded up $0.16 during mid-day trading on Friday, reaching $14.24. The stock had a trading volume of 136,744 shares, compared to its average volume of 113,261. The stock’s 50 day simple moving average is $13.25 and its two-hundred day simple 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 company has a market capitalization of $335.33 million, a price-to-earnings 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 company also recently declared 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 dividend yield of 6.81%. The ex-dividend date was Friday, February 14th. Postal Realty Trust’s dividend payout ratio is currently 461.90%.

Hedge Funds Weigh In On Postal Realty Trust

Several large investors have recently added to or reduced their stakes in PSTL. Quadrant Capital Group LLC acquired a new position in shares of Postal Realty Trust in the 4th quarter valued at about $25,000. New York State Teachers Retirement System acquired a new position in Postal Realty Trust in the fourth quarter valued at approximately $26,000. PNC Financial Services Group Inc. grew its holdings in shares of Postal Realty Trust by 42.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,703 shares of the company’s stock valued at $74,000 after purchasing an additional 1,701 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Postal Realty Trust by 45.2% during the 4th quarter. BNP Paribas Financial Markets now owns 8,744 shares of the company’s stock worth $114,000 after purchasing an additional 2,720 shares during the period. Finally, Resona Asset Management Co. Ltd. bought a new stake in shares of Postal Realty Trust in the 4th quarter worth approximately $116,000. 57.89% of the stock is currently owned by 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.