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 firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $14.25, for a total value of $215,773.50. Following the transaction, the chief accounting officer now directly owns 116,573 shares of the company’s stock, valued at $1,661,165.25. This represents a 11.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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 shares were sold at an average price of $14.30, for a total value of $40,183.00.

Postal Realty Trust Trading Down 0.2 %

Shares of PSTL stock opened at $14.24 on Wednesday. The stock has a 50-day simple moving average of $13.34 and a 200 day simple moving average of $13.82. Postal Realty Trust, Inc. has a fifty-two week low of $12.26 and a fifty-two week high of $15.15. The stock has a market capitalization of $335.38 million, a P/E ratio of 177.98 and a beta of 0.68. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.90.

Postal Realty Trust Increases Dividend

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

Institutional Investors Weigh In On Postal Realty Trust

Several hedge funds have recently modified their holdings of the stock. Nuveen Asset Management LLC lifted its holdings in shares of 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 purchasing an additional 916 shares during the last quarter. Essex Financial Services Inc. lifted its holdings in shares of 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 purchasing an additional 955 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 purchasing an additional 1,223 shares during the last quarter. Principle Wealth Partners LLC lifted its holdings in shares of 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 purchasing an additional 1,225 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of 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 purchasing an additional 1,380 shares during 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.