Proficio Capital Partners LLC Invests $1.46 Million in Postal Realty Trust, Inc. (NYSE:PSTL)

Proficio Capital Partners LLC purchased a new stake in shares of Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 111,891 shares of the company's stock, valued at approximately $1,460,000. Proficio Capital Partners LLC owned 0.48% of Postal Realty Trust at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp lifted 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. Geode Capital Management LLC grew its position in 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 in the last quarter. FMR LLC increased its stake in Postal Realty Trust by 1.4% during the third quarter. FMR LLC now owns 3,446,129 shares of the company's stock valued at $50,451,000 after acquiring an additional 46,439 shares during the period. Barclays PLC raised its holdings in Postal Realty Trust by 269.7% in the 3rd quarter. Barclays PLC now owns 29,480 shares of the company's stock valued at $432,000 after acquiring an additional 21,506 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Postal Realty Trust by 32.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 111,799 shares of the company's stock worth $1,637,000 after acquiring an additional 27,700 shares during the period. 57.89% of the stock is owned by institutional investors and hedge funds.

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Postal Realty Trust Stock Performance

Shares of PSTL traded up $0.37 on Monday, reaching $14.37. 296,411 shares of the stock traded hands, compared to its average volume of 171,199. The stock's 50-day moving average price is $13.15 and its 200-day moving average price is $13.83. 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 $338.40 million, a price-to-earnings ratio of 179.58 and a beta of 0.68. Postal Realty Trust, Inc. has a 12 month low of $12.26 and a 12 month high of $15.15.

Postal Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.2425 dividend. This is a boost from Postal Realty Trust's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 6.75%. Postal Realty Trust's dividend payout ratio is currently 461.90%.

Insider Transactions at Postal Realty Trust

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