Postal Realty Trust, Inc. (NYSE:PSTL) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its stake in Postal Realty Trust, Inc. (NYSE:PSTL) by 18.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 30,034 shares of the company’s stock after selling 6,700 shares during the period. Los Angeles Capital Management LLC owned about 0.13% of Postal Realty Trust worth $392,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PSTL. FMR LLC boosted its position 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 worth $50,451,000 after buying an additional 46,439 shares during the period. Geode Capital Management LLC boosted its holdings in Postal Realty Trust by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 577,040 shares of the company’s stock valued at $8,449,000 after acquiring an additional 19,600 shares during the period. North Star Investment Management Corp. grew its position in Postal Realty Trust by 1.2% in the 3rd quarter. North Star Investment Management Corp. now owns 493,290 shares of the company’s stock valued at $7,222,000 after acquiring an additional 5,700 shares in the last quarter. State Street Corp grew its position in Postal Realty Trust by 2.0% in the 3rd quarter. State Street Corp now owns 477,091 shares of the company’s stock valued at $6,985,000 after acquiring an additional 9,394 shares in the last quarter. Finally, Foundry Partners LLC increased its stake in Postal Realty Trust by 1.0% during the third quarter. Foundry Partners LLC now owns 330,761 shares of the company’s stock worth $4,842,000 after purchasing an additional 3,215 shares during the period. Hedge funds and other institutional investors own 57.89% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Andrew Spodek acquired 7,968 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was acquired at an average price of $13.00 per share, for a total transaction of $103,584.00. Following the purchase, the chief executive officer now owns 277,518 shares of the company’s stock, valued at $3,607,734. This represents a 2.96 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 13.60% of the company’s stock.

Postal Realty Trust Trading Down 0.6 %

NYSE PSTL opened at $13.85 on Tuesday. 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 market cap of $324.82 million, a price-to-earnings ratio of 173.15 and a beta of 0.67. The firm has a 50 day simple moving average of $13.08 and a 200-day simple moving average of $13.84. 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. Shareholders of record on Friday, February 14th were given a $0.2425 dividend. This represents a $0.97 annualized dividend and a yield of 7.00%. The ex-dividend date was Friday, February 14th. This is a boost from Postal Realty Trust’s previous quarterly dividend of $0.24. Postal Realty Trust’s dividend payout ratio (DPR) is currently 461.90%.

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.