White Pine Capital LLC Lowers Holdings in Postal Realty Trust, Inc. (NYSE:PSTL)

White Pine Capital LLC cut its holdings in Postal Realty Trust, Inc. (NYSE:PSTL) by 7.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,768 shares of the company’s stock after selling 1,159 shares during the period. White Pine Capital LLC’s holdings in Postal Realty Trust were worth $200,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. HTLF Bank purchased a new stake in shares of Postal Realty Trust during the 4th quarter worth approximately $1,861,000. North Star Investment Management Corp. raised its holdings in shares of Postal Realty Trust by 24.5% during the 4th quarter. North Star Investment Management Corp. now owns 426,180 shares of the company’s stock worth $6,205,000 after acquiring an additional 83,820 shares in the last quarter. Hudson Bay Capital Management LP purchased a new stake in shares of Postal Realty Trust during the 3rd quarter worth approximately $7,654,000. State of Alaska Department of Revenue raised its holdings in shares of Postal Realty Trust by 9.3% during the 4th quarter. State of Alaska Department of Revenue now owns 9,685 shares of the company’s stock worth $140,000 after acquiring an additional 823 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Postal Realty Trust by 43.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 41,199 shares of the company’s stock worth $604,000 after acquiring an additional 12,407 shares in the last quarter. 57.89% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Postal Realty Trust news, Treasurer Jeremy Garber sold 3,651 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $14.00, for a total value of $51,114.00. Following the transaction, the treasurer now owns 233,020 shares of the company’s stock, valued at approximately $3,262,280. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Postal Realty Trust news, CEO Andrew Spodek acquired 8,709 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were bought at an average price of $13.50 per share, with a total value of $117,571.50. Following the transaction, the chief executive officer now directly owns 246,227 shares of the company’s stock, valued at approximately $3,324,064.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer Jeremy Garber sold 3,651 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $14.00, for a total value of $51,114.00. Following the transaction, the treasurer now directly owns 233,020 shares in the company, valued at approximately $3,262,280. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 19,819 shares of company stock valued at $270,057. 13.60% of the stock is currently owned by insiders.

Postal Realty Trust Price Performance

Shares of PSTL traded down $0.04 during mid-day trading on Friday, hitting $13.73. 40,600 shares of the stock were exchanged, compared to its average volume of 82,401. The company has a market cap of $309.06 million, a PE ratio of 124.83, a price-to-earnings-growth ratio of 2.36 and a beta of 0.65. Postal Realty Trust, Inc. has a 52-week low of $12.98 and a 52-week high of $15.71. The firm has a 50-day moving average of $13.98 and a two-hundred day moving average of $14.07. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.92 and a current ratio of 1.92.

Postal Realty Trust (NYSE:PSTL) last released its earnings results on Monday, February 26th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.21). The company had revenue of $17.00 million for the quarter, compared to the consensus estimate 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 in the prior year, the firm posted $0.28 EPS. On average, equities analysts predict that Postal Realty Trust, Inc. will post 0.83 earnings per share for the current year.

Postal Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Friday, February 16th were given a dividend of $0.24 per share. The ex-dividend date was Thursday, February 15th. This represents a $0.96 annualized dividend and a dividend yield of 6.99%. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.24. Postal Realty Trust’s payout ratio is currently 872.81%.

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.