Postal Realty Trust, Inc. (NYSE:PSTL) CAO Matt Brandwein Sells 2,810 Shares

Postal Realty Trust, Inc. (NYSE:PSTL - Get Free Report) CAO Matt Brandwein sold 2,810 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $14.30, for a total value of $40,183.00. Following the transaction, the chief accounting officer now owns 131,715 shares in the company, valued at approximately $1,883,524.50. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, March 17th, Matt Brandwein sold 15,142 shares of Postal Realty Trust stock. The stock was sold at an average price of $14.25, for a total value of $215,773.50.

Postal Realty Trust Trading Down 2.0 %

NYSE PSTL traded down $0.29 on Friday, hitting $13.82. The company's stock had a trading volume of 406,292 shares, compared to its average volume of 116,199. The firm has a market cap of $325.60 million, a P/E ratio of 172.80 and a beta of 0.68. Postal Realty Trust, Inc. has a 52-week low of $12.26 and a 52-week high of $15.15. The company's 50-day simple moving average is $13.39 and its 200 day simple moving average is $13.83. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.90.

Postal Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.2425 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.97 annualized dividend and a yield of 7.02%. This is a boost from Postal Realty Trust's previous quarterly dividend of $0.24. Postal Realty Trust's payout ratio is 461.90%.

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Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PSTL. Zacks Investment Management purchased a new position in shares of Postal Realty Trust during the fourth quarter valued at about $2,264,000. Proficio Capital Partners LLC purchased a new position in shares of Postal Realty Trust during the 4th quarter worth approximately $1,460,000. Vanguard Group Inc. raised its position in shares of Postal Realty Trust by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 1,255,253 shares of the company's stock worth $16,381,000 after acquiring an additional 107,887 shares in the last quarter. Foundry Partners LLC lifted its stake in shares of Postal Realty Trust by 21.3% in the 4th quarter. Foundry Partners LLC now owns 401,060 shares of the company's stock valued at $5,234,000 after purchasing an additional 70,299 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of Postal Realty Trust by 27.1% during the fourth quarter. Renaissance Technologies LLC now owns 321,850 shares of the company's stock valued at $4,200,000 after purchasing an additional 68,600 shares in the last quarter. 57.89% of the stock is currently 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.