Sumitomo Mitsui Trust Group Inc. Sells 1,182 Shares of Postal Realty Trust, Inc. (NYSE:PSTL)

Sumitomo Mitsui Trust Group Inc. reduced its position in Postal Realty Trust, Inc. (NYSE:PSTL) by 4.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,917 shares of the company’s stock after selling 1,182 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.10% of Postal Realty Trust worth $312,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in Postal Realty Trust during the third quarter valued at approximately $108,000. International Assets Investment Management LLC lifted its position in Postal Realty Trust by 1,387.5% during the third quarter. International Assets Investment Management LLC now owns 8,464 shares of the company’s stock valued at $124,000 after purchasing an additional 7,895 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Postal Realty Trust by 21.6% during the third quarter. Nisa Investment Advisors LLC now owns 10,329 shares of the company’s stock valued at $151,000 after purchasing an additional 1,837 shares during the last quarter. Pekin Hardy Strauss Inc. purchased a new position in shares of Postal Realty Trust during the third quarter worth approximately $154,000. Finally, Arete Wealth Advisors LLC raised its stake in shares of Postal Realty Trust by 11.7% during the third 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. 57.89% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Andrew Spodek purchased 7,968 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average price of $13.00 per share, for a total transaction of $103,584.00. Following the purchase, the chief executive officer now directly owns 277,518 shares in the company, valued at approximately $3,607,734. This trade represents a 2.96 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 13.60% of the company’s stock.

Postal Realty Trust Stock Down 3.3 %

Shares of NYSE PSTL opened at $13.11 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.90. Postal Realty Trust, Inc. has a 52 week low of $12.43 and a 52 week high of $15.15. The firm’s fifty day moving average is $13.15 and its 200 day moving average is $13.94. The company has a market cap of $307.50 million, a price-to-earnings ratio of 163.93, a PEG ratio of 2.25 and a beta of 0.67.

Postal Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 7.40%. The ex-dividend date is Friday, February 14th. This is a boost from Postal Realty Trust’s previous quarterly dividend of $0.24. Postal Realty Trust’s payout ratio is 1,200.15%.

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.