Penn Capital Management Company LLC Sells 215,594 Shares of Postal Realty Trust, Inc. (NYSE:PSTL)

Penn Capital Management Company LLC reduced its stake in Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) by 91.3% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 20,583 shares of the company's stock after selling 215,594 shares during the quarter. Penn Capital Management Company LLC owned 0.09% of Postal Realty Trust worth $269,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its position 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 valued at $277,000 after acquiring an additional 1,223 shares during the period. Stifel Financial Corp raised its stake in shares of Postal Realty Trust by 5.1% in the fourth quarter. Stifel Financial Corp now owns 327,936 shares of the company's stock valued at $4,280,000 after buying an additional 15,907 shares during the period. MetLife Investment Management LLC lifted its position in shares of Postal Realty Trust by 16.3% during the 4th quarter. MetLife Investment Management LLC now owns 13,801 shares of the company's stock valued at $180,000 after buying an additional 1,931 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Postal Realty Trust by 3.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 250,663 shares of the company's stock valued at $3,271,000 after buying an additional 7,249 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in Postal Realty Trust in the 4th quarter valued at about $469,000. Institutional investors own 57.89% of the company's stock.

Postal Realty Trust Stock Performance

NYSE:PSTL traded up $0.17 on Monday, reaching $13.38. 453,380 shares of the company's stock were exchanged, compared to its average volume of 127,218. The firm has a market cap of $315.19 million, a price-to-earnings ratio of 167.27 and a beta of 0.71. 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 stock has a fifty day simple moving average of $13.60 and a 200-day simple moving average of $13.63. Postal Realty Trust, Inc. has a 52 week low of $12.26 and a 52 week high of $15.15.

Postal Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.2425 per share. The ex-dividend date is Thursday, May 1st. This represents a $0.97 dividend on an annualized basis and a yield of 7.25%. Postal Realty Trust's payout ratio is 461.90%.

Insiders Place Their Bets

In other Postal Realty Trust news, CAO Matt Brandwein sold 15,142 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $14.25, for a total value of $215,773.50. Following the sale, the chief accounting officer now directly owns 116,573 shares in the company, valued at $1,661,165.25. This represents a 11.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 19,452 shares of company stock worth $277,332 over the last 90 days. Corporate insiders own 13.60% of the company's stock.

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.