HTLF Bank Buys Shares of 127,836 Postal Realty Trust, Inc. (NYSE:PSTL)

HTLF Bank bought a new stake in shares of Postal Realty Trust, Inc. (NYSE:PSTL) during the fourth quarter, HoldingsChannel reports. The fund bought 127,836 shares of the company’s stock, valued at approximately $1,861,000.

A number of other large investors have also recently bought and sold shares of the stock. Dakota Wealth Management grew its holdings in Postal Realty Trust by 20.2% during the 4th quarter. Dakota Wealth Management now owns 179,373 shares of the company’s stock valued at $2,612,000 after buying an additional 30,114 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Postal Realty Trust by 33.4% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 25,099 shares of the company’s stock worth $365,000 after purchasing an additional 6,280 shares during the period. International Assets Investment Management LLC lifted its stake in shares of 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 worth $116,000 after purchasing an additional 7,460 shares during the period. New York State Teachers Retirement System purchased a new position in shares of Postal Realty Trust during the 4th quarter worth $27,000. Finally, Asset Management One Co. Ltd. lifted its stake 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 purchasing an additional 12,407 shares during the period. Institutional investors and hedge funds own 57.89% of the company’s stock.

Postal Realty Trust Trading Up 1.0 %

Shares of Postal Realty Trust stock traded up $0.13 during trading hours on Friday, reaching $13.60. 18,312 shares of the company’s stock were exchanged, compared to its average volume of 98,166. Postal Realty Trust, Inc. has a 52-week low of $12.98 and a 52-week high of $15.71. The firm has a market capitalization of $306.14 million, a price-to-earnings ratio of 122.47, a price-to-earnings-growth ratio of 2.32 and a beta of 0.65. The company has a fifty day moving average of $14.02 and a 200-day moving average of $14.04. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.80.

Postal Realty Trust (NYSE:PSTL) last issued its quarterly earnings results on Monday, February 26th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.21). Postal Realty Trust had a return on equity of 1.28% and a net margin of 5.82%. The business had revenue of $17.00 million for the quarter, compared to analysts’ expectations of $16.48 million. During the same period in the prior year, the company earned $0.28 EPS. Sell-side analysts forecast that Postal Realty Trust, Inc. will post 0.83 EPS for the current fiscal year.

Postal Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Friday, February 16th were given a $0.24 dividend. This is a positive change from Postal Realty Trust’s previous quarterly dividend of $0.24. This represents a $0.96 annualized dividend and a dividend yield of 7.06%. The ex-dividend date was Thursday, February 15th. Postal Realty Trust’s dividend payout ratio (DPR) is 872.81%.

Insider Buying and Selling

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

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.