Matt Brandwein Sells 2,810 Shares of Postal Realty Trust, Inc. (NYSE:PSTL) Stock

Postal Realty Trust, Inc. (NYSE:PSTL) CAO Matt Brandwein sold 2,810 shares of the 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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 transaction of $215,773.50.

Postal Realty Trust Stock Performance

PSTL stock traded up $0.02 during trading on Monday, reaching $14.25. The company had a trading volume of 191,426 shares, compared to its average volume of 113,471. The company has a market cap of $335.57 million, a price-to-earnings ratio of 178.08 and a beta of 0.68. Postal Realty Trust, Inc. has a twelve month low of $12.26 and a twelve month high of $15.15. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a 50-day simple moving average of $13.31 and a 200-day simple moving average of $13.82.

Postal Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.2425 per share. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.24. This represents a $0.97 annualized dividend and a dividend yield of 6.81%. The ex-dividend date of this dividend was Friday, February 14th. Postal Realty Trust’s payout ratio is presently 461.90%.

Hedge Funds Weigh In On Postal Realty Trust

Hedge funds have recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in Postal Realty Trust in the 4th quarter worth approximately $1,460,000. State Street Corp increased its stake in shares of Postal Realty Trust by 2.0% in the third quarter. State Street Corp now owns 477,091 shares of the company’s stock worth $6,985,000 after acquiring an additional 9,394 shares during the period. Geode Capital Management LLC lifted its position in Postal Realty Trust by 3.5% during the third quarter. Geode Capital Management LLC now owns 577,040 shares of the company’s stock valued at $8,449,000 after purchasing an additional 19,600 shares during the period. FMR LLC boosted its holdings in 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. Finally, Barclays PLC grew its position in Postal Realty Trust by 269.7% during the 3rd quarter. Barclays PLC now owns 29,480 shares of the company’s stock worth $432,000 after purchasing an additional 21,506 shares during the period. 57.89% of the stock is owned by institutional investors and hedge funds.

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.