Geode Capital Management LLC Buys 19,600 Shares of Postal Realty Trust, Inc. (NYSE:PSTL)

Geode Capital Management LLC increased its stake in shares of Postal Realty Trust, Inc. (NYSE:PSTL) by 3.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 577,040 shares of the company’s stock after buying an additional 19,600 shares during the quarter. Geode Capital Management LLC owned 2.51% of Postal Realty Trust worth $8,449,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. HighTower Advisors LLC grew its stake in Postal Realty Trust by 0.8% during the third quarter. HighTower Advisors LLC now owns 175,218 shares of the company’s stock worth $2,564,000 after buying an additional 1,380 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Postal Realty Trust by 21.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 10,329 shares of the company’s stock worth $151,000 after acquiring an additional 1,837 shares in the last quarter. Quest Partners LLC grew its position in Postal Realty Trust by 121,650.0% during the 2nd quarter. Quest Partners LLC now owns 2,435 shares of the company’s stock worth $32,000 after acquiring an additional 2,433 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in Postal Realty Trust by 4.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 57,786 shares of the company’s stock valued at $846,000 after purchasing an additional 2,534 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Postal Realty Trust by 1.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 168,050 shares of the company’s stock valued at $2,460,000 after purchasing an additional 3,003 shares during the last quarter. Institutional investors and hedge funds own 57.89% of the company’s stock.

Insider Activity at Postal Realty Trust

In other news, CEO Andrew Spodek purchased 7,968 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were acquired at an average price of $13.00 per share, with a total value of $103,584.00. Following the completion of the purchase, the chief executive officer now directly owns 277,518 shares of the company’s stock, valued at $3,607,734. The trade was a 2.96 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 13.20% of the stock is currently owned by company insiders.

Postal Realty Trust Price Performance

Shares of PSTL stock opened at $12.89 on Friday. Postal Realty Trust, Inc. has a 52 week low of $12.77 and a 52 week high of $15.15. The stock has a market capitalization of $302.31 million, a PE ratio of 161.15, a PEG ratio of 2.45 and a beta of 0.67. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.57 and a current ratio of 1.57. The stock’s fifty day moving average is $13.86 and its 200-day moving average is $14.10.

Postal Realty Trust (NYSE:PSTL) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.23). The company had revenue of $19.67 million for the quarter, compared to analyst estimates of $18.49 million. Postal Realty Trust had a return on equity of 1.06% and a net margin of 4.55%. During the same quarter last year, the company earned $0.27 EPS. Equities research analysts expect that Postal Realty Trust, Inc. will post 0.8 EPS for the current fiscal year.

Postal Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 4th were paid a dividend of $0.24 per share. The ex-dividend date was Monday, November 4th. This represents a $0.96 annualized dividend and a dividend yield of 7.45%. Postal Realty Trust’s dividend payout ratio (DPR) is currently 1,200.00%.

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.