Postal Realty Trust, Inc. (NYSE:PSTL) Stock Position Boosted by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) by 9.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,255,253 shares of the company's stock after buying an additional 107,887 shares during the quarter. Vanguard Group Inc. owned approximately 5.35% of Postal Realty Trust worth $16,381,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PSTL. State Street Corp grew its holdings in shares of Postal Realty Trust by 2.0% during the third quarter. State Street Corp now owns 477,091 shares of the company's stock worth $6,985,000 after buying an additional 9,394 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Postal Realty Trust by 166.6% during the third quarter. Jane Street Group LLC now owns 52,240 shares of the company's stock worth $765,000 after buying an additional 32,644 shares during the last quarter. Barclays PLC grew its holdings 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 worth $432,000 after buying an additional 21,506 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Postal Realty Trust by 3.5% during the third quarter. Geode Capital Management LLC now owns 577,040 shares of the company's stock worth $8,449,000 after buying an additional 19,600 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Postal Realty Trust by 32.9% during the third quarter. JPMorgan Chase & Co. now owns 111,799 shares of the company's stock worth $1,637,000 after buying an additional 27,700 shares during the last quarter. Hedge funds and other institutional investors own 57.89% of the company's stock.

Postal Realty Trust Stock Performance

Shares of NYSE PSTL traded up $0.01 during midday trading on Wednesday, reaching $13.63. 7,069 shares of the company were exchanged, compared to its average volume of 168,317. 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 stock has a market cap of $321.08 million, a P/E ratio of 170.40 and a beta of 0.71. Postal Realty Trust, Inc. has a 1 year low of $12.26 and a 1 year high of $15.15. The stock has a fifty day simple moving average of $13.59 and a 200 day simple moving average of $13.65.

Postal Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a dividend yield of 7.12%. The ex-dividend date of this dividend is Thursday, May 1st. Postal Realty Trust's dividend payout ratio (DPR) is 461.90%.

Insider Transactions at Postal Realty Trust

In related news, CAO Matt Brandwein sold 15,142 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $14.25, for a total value of $215,773.50. Following the sale, the chief accounting officer now owns 116,573 shares of the company's stock, valued at approximately $1,661,165.25. This represents a 11.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 19,452 shares of company stock valued at $277,332 in the last quarter. 13.60% of the stock is currently owned by corporate insiders.

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.