Postal Realty Trust, Inc. (NYSE:PSTL) CAO Matt Brandwein Sells 15,142 Shares

Postal Realty Trust, Inc. (NYSE:PSTL - Get Free Report) CAO Matt Brandwein sold 15,142 shares of the stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 116,573 shares in the company, valued at approximately $1,661,165.25. This represents a 11.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Matt Brandwein also recently made the following trade(s):

• On Thursday, March 13th, Matt Brandwein sold 2,810 shares of Postal Realty Trust stock. The shares were sold at an average price of $14.30, for a total value of $40,183.00.

Postal Realty Trust Price Performance

PSTL traded down $0.29 during midday trading on Friday, hitting $13.82. The stock had a trading volume of 406,292 shares, compared to its average volume of 116,199. Postal Realty Trust, Inc. has a 1 year low of $12.26 and a 1 year high of $15.15. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.57 and a current ratio of 1.57. The business has a fifty day moving average of $13.39 and a 200 day moving average of $13.83. The company has a market cap of $325.60 million, a P/E ratio of 172.80 and a beta of 0.68.

Postal Realty Trust Increases Dividend

The firm 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 represents a $0.97 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date was Friday, February 14th. This is a boost from Postal Realty Trust's previous quarterly dividend of $0.24. Postal Realty Trust's dividend payout ratio (DPR) is presently 461.90%.

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Institutional Trading of Postal Realty Trust

Several hedge funds have recently added to or reduced their stakes in PSTL. Proficio Capital Partners LLC purchased a new position in shares of Postal Realty Trust in the fourth quarter worth about $1,460,000. State Street Corp grew its position in Postal Realty Trust by 2.0% during the 3rd quarter. State Street Corp now owns 477,091 shares of the company's stock worth $6,985,000 after acquiring an additional 9,394 shares during the last quarter. Geode Capital Management LLC increased its stake in Postal Realty Trust by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 577,040 shares of the company's stock worth $8,449,000 after purchasing an additional 19,600 shares during the period. FMR LLC lifted its position in Postal Realty Trust by 1.4% in the third quarter. FMR LLC now owns 3,446,129 shares of the company's stock valued at $50,451,000 after purchasing an additional 46,439 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of Postal Realty Trust by 269.7% during the third quarter. Barclays PLC now owns 29,480 shares of the company's stock valued at $432,000 after purchasing an additional 21,506 shares during the period. 57.89% of the stock is owned by 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.