Insider Selling: Postal Realty Trust, Inc. (NYSE:PSTL) Treasurer Sells $21,375.00 in Stock

Postal Realty Trust, Inc. (NYSE:PSTL) Treasurer Jeremy Garber sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $14.25, for a total transaction of $21,375.00. Following the transaction, the treasurer now owns 226,087 shares of the company’s stock, valued at approximately $3,221,739.75. This trade represents a 0.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Postal Realty Trust Price Performance

PSTL stock opened at $14.24 on Monday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.90. Postal Realty Trust, Inc. has a one year low of $12.26 and a one year high of $15.15. The firm has a market capitalization of $335.33 million, a PE ratio of 177.96 and a beta of 0.68. The firm has a 50-day moving average of $13.27 and a two-hundred day moving average of $13.82.

Postal Realty Trust Increases Dividend

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

Institutional Trading of Postal Realty Trust

A number of hedge funds have recently bought and sold shares of the company. Nuveen Asset Management LLC lifted its stake in Postal Realty Trust by 0.3% during the fourth quarter. Nuveen Asset Management LLC now owns 302,135 shares of the company’s stock valued at $3,943,000 after buying an additional 916 shares in the last quarter. Essex Financial Services Inc. lifted its stake in Postal Realty Trust by 2.1% during the fourth quarter. Essex Financial Services Inc. now owns 46,583 shares of the company’s stock valued at $608,000 after buying an additional 955 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Postal Realty Trust by 6.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,225 shares of the company’s stock valued at $277,000 after buying an additional 1,223 shares in the last quarter. Principle Wealth Partners LLC lifted its stake in Postal Realty Trust by 8.2% during the fourth quarter. Principle Wealth Partners LLC now owns 16,240 shares of the company’s stock valued at $212,000 after buying an additional 1,225 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in Postal Realty Trust by 0.8% during the third quarter. HighTower Advisors LLC now owns 175,218 shares of the company’s stock valued at $2,564,000 after buying an additional 1,380 shares in the last quarter. 57.89% of the stock is owned by hedge funds and other institutional investors.

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.