Matt Brandwein Sells 2,810 Shares of Postal Realty Trust, Inc. (NYSE:PSTL) Stock

Postal Realty Trust, Inc. (NYSE:PSTL) CAO Matt Brandwein sold 2,810 shares of Postal Realty Trust stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $14.30, for a total transaction of $40,183.00. Following the sale, the chief accounting officer now directly owns 131,715 shares of the company’s stock, valued at $1,883,524.50. This represents a 2.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, 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 stock was sold at an average price of $14.25, for a total value of $215,773.50.

Postal Realty Trust Stock Performance

Shares of PSTL stock opened at $14.24 on Wednesday. The business’s fifty day simple moving average is $13.34 and its 200-day simple moving average is $13.82. The company has a market cap of $335.38 million, a PE ratio of 177.98 and a beta of 0.68. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.90. 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 declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.2425 dividend. This represents a $0.97 annualized dividend and a yield of 6.81%. This is a positive change from Postal Realty Trust’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, February 14th. Postal Realty Trust’s dividend payout ratio is presently 461.90%.

Institutional Investors Weigh In On Postal Realty Trust

Several hedge funds have recently added to or reduced their stakes in the business. Nuveen Asset Management LLC boosted its stake 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 acquiring an additional 916 shares in the last quarter. Essex Financial Services Inc. boosted its stake in shares of Postal Realty Trust by 2.1% during the 4th quarter. Essex Financial Services Inc. now owns 46,583 shares of the company’s stock worth $608,000 after acquiring an additional 955 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Postal Realty Trust by 6.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,225 shares of the company’s stock worth $277,000 after acquiring an additional 1,223 shares in the last quarter. Principle Wealth Partners LLC boosted its stake in shares of Postal Realty Trust by 8.2% during the 4th quarter. Principle Wealth Partners LLC now owns 16,240 shares of the company’s stock worth $212,000 after acquiring an additional 1,225 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of Postal Realty Trust by 0.8% during the 3rd quarter. HighTower Advisors LLC now owns 175,218 shares of the company’s stock worth $2,564,000 after acquiring an additional 1,380 shares in the last quarter. 57.89% of the stock is owned by hedge funds and other 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.