Sherbrooke Park Advisers LLC Increases Holdings in Postal Realty Trust, Inc. (NYSE:PSTL)

Sherbrooke Park Advisers LLC grew its holdings in shares of Postal Realty Trust, Inc. (NYSE:PSTL) by 23.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,717 shares of the company’s stock after buying an additional 2,420 shares during the quarter. Sherbrooke Park Advisers LLC owned 0.05% of Postal Realty Trust worth $166,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in PSTL. JPMorgan Chase & Co. raised its position in shares of Postal Realty Trust by 32.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 111,799 shares of the company’s stock valued at $1,637,000 after buying an additional 27,700 shares in the last quarter. SG Americas Securities LLC raised its position in Postal Realty Trust by 30.9% in the 4th quarter. SG Americas Securities LLC now owns 9,648 shares of the company’s stock worth $126,000 after purchasing an additional 2,277 shares during the period. Nvwm LLC purchased a new stake in Postal Realty Trust in the 4th quarter worth about $579,000. Principle Wealth Partners LLC raised its position in Postal Realty Trust by 8.2% in the 4th quarter. Principle Wealth Partners LLC now owns 16,240 shares of the company’s stock worth $212,000 after purchasing an additional 1,225 shares during the period. Finally, Essex Financial Services Inc. raised its position in Postal Realty Trust by 2.1% in the 4th quarter. Essex Financial Services Inc. now owns 46,583 shares of the company’s stock worth $608,000 after purchasing an additional 955 shares during the period. 57.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Stifel Nicolaus reduced their price objective on shares of Postal Realty Trust from $16.75 to $16.50 and set a “buy” rating on the stock in a research report on Thursday, May 1st.

Insider Buying and Selling

In other news, CAO Matt Brandwein sold 15,142 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $14.25, for a total transaction of $215,773.50. Following the transaction, the chief accounting officer now directly owns 116,573 shares of the company’s stock, valued at approximately $1,661,165.25. This trade represents a 11.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 19,452 shares of company stock valued at $277,332 in the last ninety days. 13.70% of the stock is owned by company insiders.

Postal Realty Trust Stock Performance

Postal Realty Trust stock opened at $13.38 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.57 and a quick ratio of 1.57. Postal Realty Trust, Inc. has a 1-year low of $12.26 and a 1-year high of $15.15. The firm has a market capitalization of $318.52 million, a P/E ratio of 167.27 and a beta of 0.81. The company’s 50-day moving average is $13.41 and its 200 day moving average is $13.45.

Postal Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 1st will be given a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 7.25%. The ex-dividend date of this dividend is Thursday, May 1st. Postal Realty Trust’s dividend payout ratio (DPR) is currently 346.43%.

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.