Postal Realty Trust, Inc. (NYSE:PSTL) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its stake in shares of Postal Realty Trust, Inc. (NYSE:PSTL) by 18.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 30,034 shares of the company’s stock after selling 6,700 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Postal Realty Trust were worth $392,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. 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 acquiring an additional 9,394 shares during the last quarter. Geode Capital Management LLC increased its position 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 purchasing an additional 19,600 shares in the last quarter. FMR LLC lifted its holdings in shares of Postal Realty Trust by 1.4% in the 3rd 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 last quarter. Barclays PLC boosted its position in shares of 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 purchasing an additional 21,506 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Postal Realty Trust by 32.9% during the 3rd 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. Institutional investors and hedge funds own 57.89% of the company’s stock.

Postal Realty Trust Trading Down 0.6 %

PSTL opened at $13.85 on Tuesday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.90. Postal Realty Trust, Inc. has a 52 week low of $12.26 and a 52 week high of $15.15. The business’s 50 day moving average is $13.08 and its two-hundred day moving average is $13.84. The firm has a market cap of $324.82 million, a price-to-earnings ratio of 173.15 and a beta of 0.67.

Postal Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 7.00%. This is a boost from Postal Realty Trust’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, February 14th. Postal Realty Trust’s payout ratio is presently 461.90%.

Insider Activity at Postal Realty Trust

In other Postal Realty Trust news, CEO Andrew Spodek acquired 7,968 shares of the company’s stock in a transaction on 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 completion of the purchase, the chief executive officer now owns 277,518 shares in the company, valued at $3,607,734. This trade represents a 2.96 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 13.60% of the stock is owned by insiders.

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.