Postal Realty Trust, Inc. (NYSE:PSTL) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its stake in shares of Postal Realty Trust, Inc. (NYSE:PSTL) by 36.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,179 shares of the company’s stock after selling 40,705 shares during the quarter. Bank of New York Mellon Corp’s holdings in Postal Realty Trust were worth $942,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. New York State Teachers Retirement System purchased a new stake in shares of Postal Realty Trust in the 4th quarter valued at approximately $26,000. SG Americas Securities LLC increased its holdings in Postal Realty Trust by 30.9% in the fourth quarter. SG Americas Securities LLC now owns 9,648 shares of the company’s stock valued at $126,000 after buying an additional 2,277 shares during the last quarter. Pekin Hardy Strauss Inc. acquired a new stake in Postal Realty Trust in the third quarter valued at $154,000. Principle Wealth Partners LLC lifted its holdings in Postal Realty Trust by 8.2% during the 4th quarter. Principle Wealth Partners LLC now owns 16,240 shares of the company’s stock worth $212,000 after buying an additional 1,225 shares during the last quarter. Finally, Arete Wealth Advisors LLC boosted its position in shares of Postal Realty Trust by 11.7% during the 3rd quarter. Arete Wealth Advisors LLC now owns 18,934 shares of the company’s stock worth $276,000 after acquiring an additional 1,981 shares in the last quarter. Hedge funds and other institutional investors own 57.89% of the company’s stock.

Postal Realty Trust Trading Up 0.1 %

PSTL opened at $14.04 on Wednesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.57 and a current ratio of 1.57. Postal Realty Trust, Inc. has a one year low of $12.26 and a one year high of $15.15. The company has a market cap of $330.74 million, a P/E ratio of 175.52 and a beta of 0.68. The business’s 50-day simple moving average is $13.47 and its 200-day simple moving average is $13.81.

Postal Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.2425 dividend. This is a positive change from Postal Realty Trust’s previous quarterly dividend of $0.24. This represents a $0.97 annualized dividend and a yield of 6.91%. The ex-dividend date of this dividend was Friday, February 14th. Postal Realty Trust’s dividend payout ratio is currently 461.90%.

Insiders Place Their Bets

In other Postal Realty Trust news, CAO Matt Brandwein sold 15,142 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $14.25, for a total transaction of $215,773.50. Following the transaction, the chief accounting officer now owns 116,573 shares of the company’s stock, valued at approximately $1,661,165.25. This trade represents a 11.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 19,452 shares of company stock valued at $277,332. 13.60% of the stock is owned by corporate 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.