Insider Selling: Postal Realty Trust, Inc. (NYSE:PSTL) CAO Sells $40,183.00 in Stock

Postal Realty Trust, Inc. (NYSE:PSTL) CAO Matt Brandwein sold 2,810 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $14.30, for a total value of $40,183.00. Following the completion of the sale, the chief accounting officer now directly owns 131,715 shares in the company, valued at approximately $1,883,524.50. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, March 17th, Matt Brandwein sold 15,142 shares of Postal Realty Trust stock. The shares were sold at an average price of $14.25, for a total value of $215,773.50.

Postal Realty Trust Stock Performance

Shares of NYSE PSTL opened at $14.28 on Thursday. The stock has a market cap of $336.37 million, a price-to-earnings ratio of 178.51 and a beta of 0.68. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.90. Postal Realty Trust, Inc. has a 1-year low of $12.26 and a 1-year high of $15.15. The stock’s 50-day moving average is $13.37 and its 200 day moving average is $13.82.

Postal Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 6.79%. 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 dividend payout ratio (DPR) is currently 461.90%.

Hedge Funds Weigh In On Postal Realty Trust

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

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.