Essex Financial Services Inc. Grows Stake in Postal Realty Trust, Inc. (NYSE:PSTL)

Essex Financial Services Inc. raised its holdings in shares of Postal Realty Trust, Inc. (NYSE:PSTL) by 2.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 46,583 shares of the company’s stock after buying an additional 955 shares during the period. Essex Financial Services Inc.’s holdings in Postal Realty Trust were worth $608,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its position in Postal Realty Trust by 2.0% during the 3rd quarter. State Street Corp now owns 477,091 shares of the company’s stock valued at $6,985,000 after buying an additional 9,394 shares in the last quarter. Geode Capital Management LLC grew its stake 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 acquiring an additional 19,600 shares during the last quarter. FMR LLC increased its holdings in shares of Postal Realty Trust by 1.4% during the third quarter. FMR LLC now owns 3,446,129 shares of the company’s stock valued at $50,451,000 after acquiring an additional 46,439 shares in the last quarter. Barclays PLC raised 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 last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Postal Realty Trust by 32.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 111,799 shares of the company’s stock worth $1,637,000 after purchasing an additional 27,700 shares in the last quarter. Hedge funds and other institutional investors own 57.89% of the company’s stock.

Postal Realty Trust Trading Down 1.2 %

NYSE PSTL opened at $13.41 on Thursday. Postal Realty Trust, Inc. has a 12-month low of $12.43 and a 12-month high of $15.15. The company has a fifty day simple moving average of $13.19 and a two-hundred day simple moving average of $13.96. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.90. The stock has a market cap of $314.46 million, a P/E ratio of 167.65, a P/E/G ratio of 2.25 and a beta of 0.67.

Postal Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.2425 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Postal Realty Trust’s previous quarterly dividend of $0.24. This represents a $0.97 dividend on an annualized basis and a dividend yield of 7.23%. Postal Realty Trust’s dividend payout ratio is currently 1,200.15%.

Insider Transactions at Postal Realty Trust

In other Postal Realty Trust news, CEO Andrew Spodek bought 7,968 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average cost of $13.00 per share, for a total transaction of $103,584.00. Following the completion of the transaction, the chief executive officer now directly owns 277,518 shares of the company’s stock, valued at approximately $3,607,734. This trade represents a 2.96 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 13.60% of the company’s stock.

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.