Bank of New York Mellon Corp Reduces Position in Postal Realty Trust, Inc. (NYSE:PSTL)

Bank of New York Mellon Corp trimmed its position in Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) by 36.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,179 shares of the company's stock after selling 40,705 shares during the period. Bank of New York Mellon Corp owned about 0.31% of Postal Realty Trust worth $942,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. New York State Teachers Retirement System purchased a new stake in shares of Postal Realty Trust in the fourth quarter valued at $26,000. SG Americas Securities LLC boosted its stake in Postal Realty Trust by 30.9% in the 4th quarter. SG Americas Securities LLC now owns 9,648 shares of the company's stock worth $126,000 after buying an additional 2,277 shares during the last quarter. Pekin Hardy Strauss Inc. acquired a new stake in Postal Realty Trust in the 3rd quarter worth about $154,000. Principle Wealth Partners LLC grew its holdings in Postal Realty Trust by 8.2% in the 4th quarter. Principle Wealth Partners LLC now owns 16,240 shares of the company's stock valued at $212,000 after buying an additional 1,225 shares during the period. Finally, Arete Wealth Advisors LLC increased its stake in shares of Postal Realty Trust by 11.7% during the 3rd quarter. Arete Wealth Advisors LLC now owns 18,934 shares of the company's stock valued at $276,000 after acquiring an additional 1,981 shares during the last quarter. 57.89% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Postal Realty Trust

In other Postal Realty Trust news, CAO Matt Brandwein sold 15,142 shares of Postal Realty Trust stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $14.25, for a total transaction of $215,773.50. Following the transaction, the chief accounting officer now directly owns 116,573 shares of the company's stock, valued at $1,661,165.25. The trade was a 11.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 19,452 shares of company stock worth $277,332 in the last ninety days. Insiders own 13.60% of the company's stock.

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Postal Realty Trust Trading Down 0.2 %

Shares of PSTL stock traded down $0.04 during trading hours on Friday, hitting $14.04. 117,785 shares of the company were exchanged, compared to its average volume of 119,974. The firm has a fifty day moving average of $13.53 and a 200 day moving average of $13.80. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.90. Postal Realty Trust, Inc. has a 1 year low of $12.26 and a 1 year high of $15.15. The firm has a market cap of $330.62 million, a PE ratio of 175.46 and a beta of 0.68.

Postal Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.2425 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Postal Realty Trust's previous quarterly dividend of $0.24. This represents a $0.97 annualized dividend and a dividend yield of 6.91%. Postal Realty Trust's payout ratio is currently 461.90%.

Postal Realty Trust 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.