Postal Realty Trust (NYSE:PSTL) CAO Sells $28,848.00 in Stock

Postal Realty Trust, Inc. (NYSE:PSTL) CAO Matt Brandwein sold 1,803 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $16.00, for a total transaction of $28,848.00. Following the sale, the chief accounting officer owned 107,919 shares of the company’s stock, valued at $1,726,704. This represents a 1.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, September 9th, Matt Brandwein sold 4,112 shares of Postal Realty Trust stock. The stock was sold at an average price of $16.00, for a total transaction of $65,792.00.

Postal Realty Trust Stock Down 0.1%

Shares of NYSE PSTL opened at $15.99 on Friday. The company has a 50 day simple moving average of $14.97 and a 200-day simple moving average of $14.24. The company has a market capitalization of $392.94 million, a P/E ratio of 42.07 and a beta of 0.86. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.28 and a quick ratio of 1.28. Postal Realty Trust, Inc. has a 1 year low of $12.26 and a 1 year high of $16.06.

Postal Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, July 31st were issued a $0.2425 dividend. This represents a $0.97 annualized dividend and a yield of 6.1%. The ex-dividend date was Thursday, July 31st. Postal Realty Trust’s dividend payout ratio (DPR) is 255.26%.

Hedge Funds Weigh In On Postal Realty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. boosted its position in Postal Realty Trust by 45.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,258 shares of the company’s stock valued at $33,000 after buying an additional 710 shares during the period. Franklin Resources Inc. boosted its position in Postal Realty Trust by 4.8% in the 2nd quarter. Franklin Resources Inc. now owns 15,983 shares of the company’s stock valued at $235,000 after buying an additional 736 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Postal Realty Trust by 6.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,204 shares of the company’s stock valued at $189,000 after buying an additional 844 shares during the period. Resona Asset Management Co. Ltd. boosted its position in Postal Realty Trust by 10.1% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 9,809 shares of the company’s stock valued at $138,000 after buying an additional 898 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in Postal Realty Trust by 0.3% in the 4th 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 during the period. Hedge funds and other institutional investors own 57.89% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Postal Realty Trust from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Stifel Nicolaus set a $17.75 target price on shares of Postal Realty Trust and gave the company a “buy” rating in a report on Tuesday, August 5th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Postal Realty Trust currently has an average rating of “Buy” and an average price target of $17.75.

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.