Exchange Traded Concepts LLC Decreases Holdings in Postal Realty Trust, Inc. (NYSE:PSTL)

Exchange Traded Concepts LLC cut its holdings in Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) by 15.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,911 shares of the company's stock after selling 20,049 shares during the period. Exchange Traded Concepts LLC owned about 0.46% of Postal Realty Trust worth $1,408,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in Postal Realty Trust by 40.1% in the second quarter. Renaissance Technologies LLC now owns 267,427 shares of the company's stock valued at $3,565,000 after buying an additional 76,477 shares in the last quarter. State Street Corp lifted its position in Postal Realty Trust by 2.0% in the third quarter. State Street Corp now owns 477,091 shares of the company's stock valued at $6,985,000 after purchasing an additional 9,394 shares during the period. Geode Capital Management LLC lifted its position in Postal Realty Trust by 3.5% in the third quarter. Geode Capital Management LLC now owns 577,040 shares of the company's stock valued at $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 period. Finally, Barclays PLC lifted its position in Postal Realty Trust by 269.7% in 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 currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Andrew Spodek acquired 7,968 shares of the stock in a transaction dated Thursday, December 19th. The stock was bought at an average cost of $13.00 per share, with a total value of $103,584.00. Following the purchase, the chief executive officer now directly owns 277,518 shares of the company's stock, valued at approximately $3,607,734. This represents a 2.96 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 13.60% of the company's stock.

Postal Realty Trust Price Performance

Shares of PSTL stock traded up $0.17 during midday trading on Friday, reaching $13.14. 91,343 shares of the company traded hands, compared to its average volume of 128,812. The firm's 50 day simple moving average is $13.28 and its two-hundred day simple moving average is $14.03. Postal Realty Trust, Inc. has a 1-year low of $12.43 and a 1-year high of $15.15. 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 firm has a market cap of $308.13 million, a PE ratio of 164.27, a price-to-earnings-growth ratio of 2.13 and a beta of 0.67.

Postal Realty Trust (NYSE:PSTL - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.23). Postal Realty Trust had a net margin of 4.55% and a return on equity of 1.06%. The company had revenue of $19.67 million for the quarter, compared to analyst estimates of $18.49 million. During the same quarter in the previous year, the business posted $0.27 earnings per share. On average, equities research analysts expect that Postal Realty Trust, Inc. will post 0.84 EPS for the current fiscal year.

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.