Jeremy Garber Sells 1,500 Shares of Postal Realty Trust, Inc. (NYSE:PSTL) Stock

Postal Realty Trust, Inc. (NYSE:PSTL) Treasurer Jeremy Garber sold 1,500 shares of the stock in a transaction that occurred 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 completion of the sale, the treasurer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Postal Realty Trust Price Performance

NYSE PSTL opened at $14.24 on Monday. The company has a 50 day simple moving average of $13.27 and a 200-day simple moving average of $13.82. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a market capitalization of $335.33 million, a price-to-earnings ratio of 177.96 and a beta of 0.68. Postal Realty Trust, Inc. has a 52-week low of $12.26 and a 52-week high of $15.15.

Postal Realty Trust Increases Dividend

The firm also recently disclosed 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 represents a $0.97 annualized dividend and a yield of 6.81%. The ex-dividend date was Friday, February 14th. This is a positive change from Postal Realty Trust’s previous quarterly dividend of $0.24. Postal Realty Trust’s dividend payout ratio (DPR) is presently 461.90%.

Hedge Funds Weigh In On Postal Realty Trust

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