Renaissance Technologies LLC Increases Stock Position in Postal Realty Trust, Inc. (NYSE:PSTL)

Renaissance Technologies LLC raised its holdings in Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) by 27.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 321,850 shares of the company's stock after buying an additional 68,600 shares during the quarter. Renaissance Technologies LLC owned 1.37% of Postal Realty Trust worth $4,200,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC acquired a new stake in Postal Realty Trust in the fourth quarter valued at approximately $1,460,000. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 107,887 shares in the last quarter. Foundry Partners LLC grew its position in 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. Nvwm LLC bought a new stake in Postal Realty Trust during the 4th quarter valued at $579,000. Finally, Jane Street Group LLC raised its holdings in 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. 57.89% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Matt Brandwein sold 2,810 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $14.30, for a total transaction of $40,183.00. Following the completion of the sale, the chief accounting officer now owns 131,715 shares in the company, valued at $1,883,524.50. This trade represents a 2.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 19,452 shares of company stock valued at $277,332 over the last three months. Corporate insiders own 13.60% of the company's stock.

Postal Realty Trust Stock Down 0.9 %

Shares of NYSE:PSTL traded down $0.11 during midday trading on Friday, hitting $13.19. 100,827 shares of the company's stock were exchanged, compared to its average volume of 125,217. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.57 and a quick ratio of 1.57. Postal Realty Trust, Inc. has a 12 month low of $12.26 and a 12 month high of $15.15. The company has a market cap of $310.62 million, a PE ratio of 164.77 and a beta of 0.71. The stock has a 50 day moving average price of $13.60 and a 200-day moving average price of $13.64.

Postal Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.2425 per share. The ex-dividend date is Thursday, May 1st. This represents a $0.97 annualized dividend and a dividend yield of 7.36%. Postal Realty Trust's dividend payout ratio is currently 461.90%.

Postal Realty Trust 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.