Arrowstreet Capital Limited Partnership Buys 2,775 Shares of Postal Realty Trust, Inc. (NYSE:PSTL)

Arrowstreet Capital Limited Partnership raised its stake in Postal Realty Trust, Inc. (NYSE:PSTL) by 16.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,492 shares of the company’s stock after acquiring an additional 2,775 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Postal Realty Trust were worth $254,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC purchased a new stake in Postal Realty Trust in the 4th quarter worth about $1,460,000. State Street Corp boosted its position in Postal Realty Trust by 2.0% during the third quarter. State Street Corp now owns 477,091 shares of the company’s stock worth $6,985,000 after purchasing an additional 9,394 shares during the period. Geode Capital Management LLC increased its stake in shares of Postal Realty Trust by 3.5% in the third quarter. Geode Capital Management LLC now owns 577,040 shares of the company’s stock worth $8,449,000 after purchasing an additional 19,600 shares in the last quarter. Barclays PLC increased its stake in shares of Postal Realty Trust by 269.7% in the third quarter. Barclays PLC now owns 29,480 shares of the company’s stock worth $432,000 after purchasing an additional 21,506 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Postal Realty Trust by 32.9% in the third quarter. JPMorgan Chase & Co. now owns 111,799 shares of the company’s stock valued at $1,637,000 after purchasing an additional 27,700 shares during the period. 57.89% of the stock is owned by institutional investors.

Postal Realty Trust Stock Down 0.7 %

PSTL opened at $12.77 on Monday. Postal Realty Trust, Inc. has a 12 month low of $12.26 and a 12 month high of $15.15. The company has a market cap of $300.71 million, a PE ratio of 159.58 and a beta of 0.71. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.90. The company has a 50 day moving average of $13.62 and a 200 day moving average of $13.70.

Postal Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.2425 per share. The ex-dividend date was Friday, February 14th. This represents a $0.97 annualized dividend and a dividend yield of 7.60%. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.24. Postal Realty Trust’s dividend payout ratio is currently 461.90%.

Insider Transactions at Postal Realty Trust

In other news, CAO Matt Brandwein sold 15,142 shares of the 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 sale, the chief accounting officer now directly owns 116,573 shares of the company’s stock, valued at approximately $1,661,165.25. This represents a 11.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 19,452 shares of company stock valued at $277,332 over the last three months. Company insiders own 13.60% of the company’s stock.

Postal Realty Trust 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.