Foundry Partners LLC Buys 70,299 Shares of Postal Realty Trust, Inc. (NYSE:PSTL)

Foundry Partners LLC raised its stake in Postal Realty Trust, Inc. (NYSE:PSTL) by 21.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 401,060 shares of the company’s stock after purchasing an additional 70,299 shares during the period. Foundry Partners LLC’s holdings in Postal Realty Trust were worth $5,234,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in Postal Realty Trust in the 4th quarter valued at about $1,460,000. Vanguard Group Inc. boosted its holdings in shares of Postal Realty Trust by 9.4% during the fourth quarter. Vanguard Group Inc. now owns 1,255,253 shares of the company’s stock worth $16,381,000 after acquiring an additional 107,887 shares during the period. FMR LLC grew its position in shares of Postal Realty Trust by 1.4% in the third quarter. FMR LLC now owns 3,446,129 shares of the company’s stock valued at $50,451,000 after purchasing an additional 46,439 shares during the last quarter. Nvwm LLC bought a new position in shares of Postal Realty Trust during the fourth quarter worth approximately $579,000. Finally, Jane Street Group LLC lifted its holdings in Postal Realty Trust by 166.6% during the 3rd quarter. Jane Street Group LLC now owns 52,240 shares of the company’s stock worth $765,000 after purchasing an additional 32,644 shares during the last quarter. 57.89% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Matt Brandwein sold 2,810 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $14.30, for a total transaction of $40,183.00. Following the transaction, the chief accounting officer now directly owns 131,715 shares of the company’s stock, valued at approximately $1,883,524.50. This trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 19,452 shares of company stock worth $277,332 in the last quarter. 13.60% of the stock is currently owned by corporate insiders.

Postal Realty Trust Stock Performance

Shares of NYSE PSTL opened at $13.76 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a market cap of $324.24 million, a price-to-earnings ratio of 172.07 and a beta of 0.71. The stock’s fifty day moving average price is $13.64 and its two-hundred day moving average price is $13.79. Postal Realty Trust, Inc. has a one year low of $12.26 and a one year high of $15.15.

Postal Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a yield of 7.05%. This is a positive change 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 (DPR) is currently 461.90%.

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.