Postal Realty Trust, Inc. (NYSE:PSTL) Treasurer Jeremy Garber Sells 1,500 Shares

Postal Realty Trust, Inc. (NYSE:PSTLGet Free Report) Treasurer Jeremy Garber sold 1,500 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $14.25, for a total value of $21,375.00. Following the completion of the sale, the treasurer now owns 226,087 shares of the company’s stock, valued at $3,221,739.75. This represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Postal Realty Trust Price Performance

Shares of PSTL stock opened at $14.24 on Friday. Postal Realty Trust, Inc. has a twelve month low of $12.26 and a twelve month high of $15.15. The stock has a market capitalization of $335.33 million, a price-to-earnings ratio of 177.96 and a beta of 0.68. The stock has a fifty day simple moving average of $13.27 and a two-hundred day simple moving average of $13.83. 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 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 $0.2425 dividend. This represents a $0.97 annualized dividend and a dividend yield of 6.81%. 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. Postal Realty Trust’s dividend payout ratio is currently 461.90%.

Institutional Investors Weigh In On Postal Realty Trust

Hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC purchased a new stake in shares of Postal Realty Trust in the 4th quarter worth $25,000. New York State Teachers Retirement System purchased a new stake in shares of Postal Realty Trust during the 4th quarter worth $26,000. PNC Financial Services Group Inc. lifted its stake in shares of 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 purchasing 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% during the 4th quarter. BNP Paribas Financial Markets now owns 8,744 shares of the company’s stock worth $114,000 after purchasing an additional 2,720 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new stake in shares of Postal Realty Trust during the 4th quarter worth $116,000. 57.89% of the stock is currently owned by hedge funds and other institutional investors.

Postal Realty Trust Company Profile

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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.

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Insider Buying and Selling by Quarter for Postal Realty Trust (NYSE:PSTL)

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