Postal Realty Trust, Inc. (NYSE:PSTL) Treasurer Sells $21,375.00 in Stock

Postal Realty Trust, Inc. (NYSE:PSTL - Get Free Report) Treasurer Jeremy Garber sold 1,500 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $14.25, for a total value of $21,375.00. Following the completion of the transaction, the treasurer now owns 226,087 shares in the company, valued at $3,221,739.75. The trade was a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Postal Realty Trust Price Performance

Shares of NYSE:PSTL traded down $0.00 during mid-day trading on Tuesday, reaching $14.26. The stock had a trading volume of 69,065 shares, compared to its average volume of 170,340. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.90. The company has a market cap of $335.85 million, a P/E ratio of 178.21 and a beta of 0.68. Postal Realty Trust, Inc. has a 1 year low of $12.26 and a 1 year high of $15.15. The business's 50 day moving average price is $13.31 and its 200 day moving average price is $13.82.

Postal Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.2425 dividend. This is an increase from Postal Realty Trust's previous quarterly dividend of $0.24. This represents a $0.97 dividend on an annualized basis and a dividend yield of 6.80%. The ex-dividend date of this dividend was Friday, February 14th. Postal Realty Trust's payout ratio is currently 461.90%.

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Institutional Investors Weigh In On Postal Realty Trust

Hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC bought a new stake in Postal Realty Trust during the fourth quarter worth approximately $25,000. New York State Teachers Retirement System bought a new stake in Postal Realty Trust during the fourth quarter worth approximately $26,000. PNC Financial Services Group Inc. increased 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 acquiring an additional 1,701 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Postal Realty Trust by 45.2% during the fourth quarter. BNP Paribas Financial Markets now owns 8,744 shares of the company's stock worth $114,000 after acquiring an additional 2,720 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new stake in Postal Realty Trust during the fourth quarter worth approximately $116,000. 57.89% of the stock is currently owned by hedge funds and other institutional investors.

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.