Postal Realty Trust, Inc. (NYSE:PSTL) Holdings Boosted by Foundry Partners LLC

Foundry Partners LLC grew its position in Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) by 21.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 401,060 shares of the company's stock after purchasing an additional 70,299 shares during the period. Foundry Partners LLC owned approximately 1.71% of Postal Realty Trust worth $5,234,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PSTL. New York State Teachers Retirement System bought a new position in Postal Realty Trust during the 4th quarter worth approximately $26,000. PNC Financial Services Group Inc. lifted its stake in 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 worth $74,000 after purchasing an additional 1,701 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Postal Realty Trust by 30.9% in the fourth quarter. SG Americas Securities LLC now owns 9,648 shares of the company's stock worth $126,000 after purchasing an additional 2,277 shares during the period. Virtu Financial LLC bought a new stake in Postal Realty Trust during the fourth quarter valued at $165,000. Finally, Principle Wealth Partners LLC raised its holdings in shares of Postal Realty Trust by 8.2% during the fourth quarter. Principle Wealth Partners LLC now owns 16,240 shares of the company's stock worth $212,000 after purchasing an additional 1,225 shares during the period. Hedge funds and other institutional investors own 57.89% of the company's stock.

Postal Realty Trust Stock Performance

Shares of NYSE:PSTL traded down $0.31 during trading on Thursday, hitting $12.85. 48,330 shares of the company traded hands, compared to its average volume of 122,467. The stock has a market capitalization of $302.61 million, a price-to-earnings ratio of 160.66 and a beta of 0.71. Postal Realty Trust, Inc. has a one year low of $12.26 and a one year high of $15.15. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.90. The business's fifty day moving average is $13.64 and its 200-day moving average is $13.73.

Postal Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 7.55%. This is an increase from Postal Realty Trust's previous quarterly dividend of $0.24. The ex-dividend date was Friday, February 14th. Postal Realty Trust's payout ratio is 461.90%.

Insider Transactions at Postal Realty Trust

In other news, CAO Matt Brandwein sold 15,142 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $14.25, for a total transaction of $215,773.50. Following the completion of the sale, the chief accounting officer now directly owns 116,573 shares of the company's stock, valued at $1,661,165.25. This represents a 11.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders sold 19,452 shares of company stock valued at $277,332. Company insiders own 13.60% 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.