Matt Brandwein Sells 15,142 Shares of Postal Realty Trust, Inc. (NYSE:PSTL) Stock

Postal Realty Trust, Inc. (NYSE:PSTL) CAO Matt Brandwein sold 15,142 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $14.25, for a total value of $215,773.50. Following the completion of the sale, the chief accounting officer now directly owns 116,573 shares of the company’s stock, valued at approximately $1,661,165.25. This represents a 11.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Matt Brandwein also recently made the following trade(s):

• On Thursday, March 13th, Matt Brandwein sold 2,810 shares of Postal Realty Trust stock. The stock was sold at an average price of $14.30, for a total value of $40,183.00.

Postal Realty Trust Stock Down 0.2 %

Shares of Postal Realty Trust stock opened at $14.24 on Wednesday. The stock has a 50-day moving average price of $13.34 and a 200 day moving average price of $13.82. The company has a market cap of $335.38 million, a P/E ratio of 177.98 and a beta of 0.68. 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 1 year low of $12.26 and a 1 year high of $15.15.

Postal Realty Trust Increases Dividend

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

Institutional Investors Weigh In On Postal Realty Trust

Several hedge funds have recently bought and sold shares of PSTL. Quadrant Capital Group LLC purchased a new stake in shares of Postal Realty Trust during the 4th quarter worth about $25,000. New York State Teachers Retirement System purchased a new stake in shares of Postal Realty Trust during the 4th quarter worth about $26,000. PNC Financial Services Group Inc. raised its stake in shares of Postal Realty Trust by 42.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,703 shares of the company’s stock worth $74,000 after purchasing an additional 1,701 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Postal Realty Trust by 45.2% during the 4th quarter. BNP Paribas Financial Markets now owns 8,744 shares of the company’s stock worth $114,000 after purchasing an additional 2,720 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new stake in shares of Postal Realty Trust during the 4th quarter worth about $116,000. 57.89% of the stock is owned by hedge funds and other institutional investors.

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.