Allspring Global Investments Holdings LLC Sells 2,890 Shares of Postal Realty Trust, Inc. (NYSE:PSTL)

Allspring Global Investments Holdings LLC trimmed its stake in shares of Postal Realty Trust, Inc. (NYSE:PSTL) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,134 shares of the company’s stock after selling 2,890 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.26% of Postal Realty Trust worth $832,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PSTL. New York State Teachers Retirement System acquired a new stake in shares of Postal Realty Trust during the fourth quarter worth $27,000. FSC Wealth Advisors LLC lifted its holdings in shares of Postal Realty Trust by 100.0% during the third quarter. FSC Wealth Advisors LLC now owns 2,000 shares of the company’s stock worth $27,000 after buying an additional 1,000 shares in the last quarter. Castleview Partners LLC acquired a new stake in shares of Postal Realty Trust during the third quarter worth $39,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Postal Realty Trust during the third quarter worth $75,000. Finally, Quantbot Technologies LP lifted its holdings in shares of Postal Realty Trust by 81.8% during the third quarter. Quantbot Technologies LP now owns 7,079 shares of the company’s stock worth $96,000 after buying an additional 3,186 shares in the last quarter. 57.89% of the stock is owned by institutional investors.

Postal Realty Trust Stock Down 0.4 %

PSTL opened at $13.82 on Thursday. Postal Realty Trust, Inc. has a fifty-two week low of $12.98 and a fifty-two week high of $15.71. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.92 and a current ratio of 1.92. The company has a market capitalization of $311.09 million, a P/E ratio of 125.65, a P/E/G ratio of 2.38 and a beta of 0.65. The stock has a fifty day moving average of $14.00 and a 200-day moving average of $14.07.

Postal Realty Trust (NYSE:PSTL) last posted its quarterly earnings results on Monday, February 26th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.21). The company had revenue of $17.00 million during the quarter, compared to analyst estimates of $16.48 million. Postal Realty Trust had a net margin of 5.82% and a return on equity of 1.28%. During the same period last year, the firm earned $0.28 EPS. On average, equities analysts expect that Postal Realty Trust, Inc. will post 0.83 EPS for the current year.

Postal Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Friday, February 16th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 6.95%. The ex-dividend date was Thursday, February 15th. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.24. Postal Realty Trust’s payout ratio is 872.81%.

Insider Activity at Postal Realty Trust

In related news, CEO Andrew Spodek purchased 8,709 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was acquired at an average price of $13.50 per share, with a total value of $117,571.50. Following the completion of the purchase, the chief executive officer now directly owns 246,227 shares in the company, valued at $3,324,064.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Postal Realty Trust news, Treasurer Jeremy Garber sold 3,651 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $14.00, for a total transaction of $51,114.00. Following the completion of the transaction, the treasurer now owns 233,020 shares of the company’s stock, valued at $3,262,280. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Spodek bought 8,709 shares of the stock in a transaction on Tuesday, April 16th. The shares were acquired at an average cost of $13.50 per share, with a total value of $117,571.50. Following the purchase, the chief executive officer now owns 246,227 shares of the company’s stock, valued at approximately $3,324,064.50. The disclosure for this purchase can be found here. Insiders purchased a total of 19,819 shares of company stock valued at $270,057 over the last quarter. 13.20% of the stock is owned by corporate 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.