M&G Plc Invests $169,000 in Postal Realty Trust, Inc. (NYSE:PSTL)

M&G Plc bought a new position in Postal Realty Trust, Inc. (NYSE:PSTL) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 12,074 shares of the company’s stock, valued at approximately $169,000. M&G Plc owned 0.05% of Postal Realty Trust at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. New York State Teachers Retirement System purchased a new stake in Postal Realty Trust during the 4th quarter valued at about $27,000. International Assets Investment Management LLC grew its position in Postal Realty Trust by 1,381.5% during the 4th quarter. International Assets Investment Management LLC now owns 8,000 shares of the company’s stock valued at $116,000 after purchasing an additional 7,460 shares during the last quarter. State of Alaska Department of Revenue grew its position in 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 valued at $140,000 after purchasing an additional 823 shares during the last quarter. BNP Paribas Financial Markets grew its position in Postal Realty Trust by 89.4% during the 1st quarter. BNP Paribas Financial Markets now owns 9,951 shares of the company’s stock valued at $142,000 after purchasing an additional 4,698 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Postal Realty Trust by 39.6% during the 4th quarter. SG Americas Securities LLC now owns 11,165 shares of the company’s stock valued at $163,000 after purchasing an additional 3,169 shares during the last quarter. 57.89% of the stock is owned by hedge funds and other institutional investors.

Postal Realty Trust Stock Performance

Shares of NYSE:PSTL traded down $0.05 during trading on Friday, hitting $14.33. The company’s stock had a trading volume of 90,964 shares, compared to its average volume of 132,639. The company has a 50-day moving average of $13.49 and a 200-day moving average of $13.86. Postal Realty Trust, Inc. has a 12 month low of $12.98 and a 12 month high of $15.70. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.39 and a quick ratio of 2.39. The firm has a market cap of $324.86 million, a price-to-earnings ratio of 143.30, a P/E/G ratio of 2.60 and a beta of 0.67.

Postal Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 8th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 6.70%. The ex-dividend date of this dividend was Tuesday, May 7th. Postal Realty Trust’s payout ratio is 960.00%.

Analyst Ratings Changes

Separately, Stifel Nicolaus reaffirmed a “buy” rating and set a $15.50 price target on shares of Postal Realty Trust in a report on Monday, June 17th.

Insiders Place Their Bets

In other Postal Realty Trust news, Treasurer Jeremy Garber sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $14.02, for a total transaction of $140,200.00. Following the sale, the treasurer now owns 223,020 shares in the company, valued at approximately $3,126,740.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Postal Realty Trust news, CEO Andrew Spodek bought 6,707 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was purchased at an average cost of $13.25 per share, with a total value of $88,867.75. Following the completion of the acquisition, the chief executive officer now owns 256,225 shares in the company, valued at approximately $3,394,981.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Treasurer Jeremy Garber sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $14.02, for a total transaction of $140,200.00. Following the completion of the transaction, the treasurer now directly owns 223,020 shares of the company’s stock, valued at $3,126,740.40. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 17,563 shares of company stock worth $230,496. Company insiders own 13.60% of the company’s stock.

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.