White Pine Capital LLC Sells 1,159 Shares of Postal Realty Trust, Inc. (NYSE:PSTL)

White Pine Capital LLC trimmed its stake in Postal Realty Trust, Inc. (NYSE:PSTL) by 7.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,768 shares of the company’s stock after selling 1,159 shares during the period. White Pine Capital LLC owned approximately 0.06% of Postal Realty Trust worth $200,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Foundry Partners LLC grew its position in Postal Realty Trust by 87.5% during the fourth quarter. Foundry Partners LLC now owns 176,645 shares of the company’s stock valued at $2,572,000 after acquiring an additional 82,440 shares during the last quarter. HTLF Bank bought a new position in Postal Realty Trust during the fourth quarter valued at approximately $1,861,000. Dakota Wealth Management grew its position in Postal Realty Trust by 20.2% during the fourth quarter. Dakota Wealth Management now owns 179,373 shares of the company’s stock valued at $2,612,000 after acquiring an additional 30,114 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in Postal Realty Trust by 33.4% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 25,099 shares of the company’s stock valued at $365,000 after acquiring an additional 6,280 shares during the last quarter. Finally, New York State Teachers Retirement System bought a new position in Postal Realty Trust during the fourth quarter valued at approximately $27,000. 57.89% of the stock is currently owned by institutional investors.

Insider Transactions at Postal Realty Trust

In other news, CEO Andrew Spodek bought 8,709 shares of the business’s stock in a transaction dated Tuesday, April 16th. The shares were purchased at an average price of $13.50 per share, for a total transaction of $117,571.50. Following the completion of the acquisition, the chief executive officer now owns 246,227 shares of the company’s stock, valued at $3,324,064.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Treasurer Jeremy Garber sold 3,651 shares of the firm’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 completion of the sale, the treasurer now owns 233,020 shares of the company’s stock, valued at $3,262,280. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Spodek purchased 8,709 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was acquired at an average cost of $13.50 per share, with a total value of $117,571.50. Following the purchase, the chief executive officer now directly owns 246,227 shares of the company’s stock, valued at $3,324,064.50. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 19,819 shares of company stock worth $270,057. Insiders own 13.60% of the company’s stock.

Postal Realty Trust Price Performance

NYSE PSTL traded down $0.04 on Friday, reaching $13.73. 40,600 shares of the company’s stock traded hands, compared to its average volume of 82,401. Postal Realty Trust, Inc. has a 12 month low of $12.98 and a 12 month high of $15.71. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a 50-day simple moving average of $13.98 and a 200 day simple moving average of $14.07. The stock has a market cap of $309.06 million, a PE ratio of 124.83, a P/E/G ratio of 2.36 and a beta of 0.65.

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

Postal Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Friday, February 16th were issued a $0.24 dividend. This is a boost from Postal Realty Trust’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.96 annualized dividend and a dividend yield of 6.99%. Postal Realty Trust’s dividend payout ratio (DPR) is currently 872.81%.

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.