Dimensional Fund Advisors LP Increases Stake in Postal Realty Trust, Inc. (NYSE:PSTL)

Dimensional Fund Advisors LP grew its stake in shares of Postal Realty Trust, Inc. (NYSE:PSTL) by 3.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 250,663 shares of the company’s stock after buying an additional 7,249 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Postal Realty Trust were worth $3,271,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Quadrant Capital Group LLC bought a new position in shares of Postal Realty Trust in the 4th quarter worth approximately $25,000. New York State Teachers Retirement System bought a new stake in Postal Realty Trust during the 4th quarter worth approximately $26,000. PNC Financial Services Group Inc. raised its position in shares of Postal Realty Trust by 42.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,703 shares of the company’s stock valued at $74,000 after buying an additional 1,701 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in shares of Postal Realty Trust during the fourth quarter valued at approximately $116,000. Finally, SG Americas Securities LLC raised its position in shares of Postal Realty Trust by 30.9% during 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. Hedge funds and other institutional investors own 57.89% of the company’s stock.

Postal Realty Trust Stock Down 0.2%

NYSE PSTL opened at $12.76 on Wednesday. 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 company has a fifty day moving average of $13.50 and a two-hundred day moving average of $13.49. The firm has a market capitalization of $300.59 million, a price-to-earnings ratio of 159.52 and a beta of 0.81. Postal Realty Trust, Inc. has a 52 week low of $12.26 and a 52 week high of $15.15.

Postal Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 7.60%. The ex-dividend date of this dividend is Thursday, May 1st. Postal Realty Trust’s payout ratio is 346.43%.

Analyst Ratings Changes

Separately, Stifel Nicolaus cut their target price on shares of Postal Realty Trust from $16.75 to $16.50 and set a “buy” rating for the company in a report on Thursday, May 1st.

Insider Activity

In related news, CAO Matt Brandwein sold 2,810 shares of Postal Realty Trust stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $14.30, for a total value of $40,183.00. Following the completion of the sale, the chief accounting officer now directly owns 131,715 shares in the company, valued at $1,883,524.50. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 19,452 shares of company stock valued at $277,332. 13.70% of the stock is currently owned by company 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.