Proficio Capital Partners LLC Makes New Investment in Postal Realty Trust, Inc. (NYSE:PSTL)

Proficio Capital Partners LLC bought a new stake in shares of Postal Realty Trust, Inc. (NYSE:PSTL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 111,891 shares of the company’s stock, valued at approximately $1,460,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. GSA Capital Partners LLP acquired a new position in Postal Realty Trust during the 3rd quarter valued at approximately $331,000. Foundry Partners LLC boosted its holdings in shares of Postal Realty Trust by 1.0% during the third quarter. Foundry Partners LLC now owns 330,761 shares of the company’s stock valued at $4,842,000 after acquiring an additional 3,215 shares during the period. Penserra Capital Management LLC boosted its holdings in shares of Postal Realty Trust by 22.9% during the third quarter. Penserra Capital Management LLC now owns 73,273 shares of the company’s stock valued at $1,072,000 after acquiring an additional 13,640 shares during the period. Pekin Hardy Strauss Inc. bought a new position in shares of Postal Realty Trust during the third quarter worth about $154,000. Finally, FMR LLC increased its holdings in shares of Postal Realty Trust by 1.4% in the 3rd quarter. FMR LLC now owns 3,446,129 shares of the company’s stock worth $50,451,000 after acquiring an additional 46,439 shares during the period. 57.89% of the stock is currently owned by institutional investors and hedge funds.

Postal Realty Trust Trading Down 1.2 %

Postal Realty Trust stock opened at $14.11 on Friday. Postal Realty Trust, Inc. has a 52-week low of $12.26 and a 52-week high of $15.15. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $332.46 million, a price-to-earnings ratio of 176.43 and a beta of 0.68. The firm has a 50-day moving average price of $13.39 and a two-hundred day moving average price of $13.83.

Postal Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.2425 per share. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.24. This represents a $0.97 annualized dividend and a dividend yield of 6.87%. Postal Realty Trust’s payout ratio is currently 461.90%.

Insider Buying and Selling

In other Postal Realty Trust news, CAO Matt Brandwein sold 15,142 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $14.25, for a total transaction of $215,773.50. Following the completion of the transaction, the chief accounting officer now owns 116,573 shares in the company, valued at approximately $1,661,165.25. The trade was a 11.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 19,452 shares of company stock valued at $277,332 in the last three months. 13.20% of the stock is currently owned by corporate insiders.

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.