Postal Realty Trust, Inc. (NYSE:PSTL) CAO Matt Brandwein Sells 15,142 Shares

Postal Realty Trust, Inc. (NYSE:PSTL) CAO Matt Brandwein sold 15,142 shares of the stock in a transaction dated 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 directly owns 116,573 shares in the company, valued at $1,661,165.25. This represents a 11.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Matt Brandwein also recently made the following trade(s):

• On Thursday, March 13th, Matt Brandwein sold 2,810 shares of Postal Realty Trust stock. The stock was sold at an average price of $14.30, for a total value of $40,183.00.

Postal Realty Trust Price Performance

Shares of NYSE PSTL traded up $0.02 during trading on Monday, hitting $14.25. The company had a trading volume of 191,426 shares, compared to its average volume of 113,471. Postal Realty Trust, Inc. has a fifty-two week low of $12.26 and a fifty-two week high of $15.15. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.90. The stock has a fifty day simple moving average of $13.31 and a two-hundred day simple moving average of $13.82. The firm has a market capitalization of $335.57 million, a price-to-earnings ratio of 178.08 and a beta of 0.68.

Postal Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.2425 per share. 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 6.81%. This is a boost from Postal Realty Trust’s previous quarterly dividend of $0.24. Postal Realty Trust’s dividend payout ratio is presently 461.90%.

Institutional Trading of Postal Realty Trust

A number of institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC acquired a new position in Postal Realty Trust in the 4th quarter valued at $25,000. New York State Teachers Retirement System purchased a new stake in shares of Postal Realty Trust during the fourth quarter worth $26,000. PNC Financial Services Group Inc. raised its position in shares of Postal Realty Trust by 42.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,703 shares of the company’s stock valued at $74,000 after buying an additional 1,701 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Postal Realty Trust by 45.2% in the fourth quarter. BNP Paribas Financial Markets now owns 8,744 shares of the company’s stock worth $114,000 after buying an additional 2,720 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new position in Postal Realty Trust during the fourth quarter worth about $116,000. 57.89% of the stock is owned by institutional investors and hedge funds.

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.