New York State Teachers Retirement System Takes Position in Postal Realty Trust, Inc. (NYSE:PSTL)

New York State Teachers Retirement System acquired a new stake in shares of Postal Realty Trust, Inc. (NYSE:PSTL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,972 shares of the company’s stock, valued at approximately $26,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Essex Financial Services Inc. boosted its position in shares of Postal Realty Trust by 2.1% in the fourth quarter. Essex Financial Services Inc. now owns 46,583 shares of the company’s stock worth $608,000 after purchasing an additional 955 shares during the period. Principle Wealth Partners LLC lifted its stake in shares of Postal Realty Trust by 8.2% during the 4th quarter. Principle Wealth Partners LLC now owns 16,240 shares of the company’s stock valued at $212,000 after buying an additional 1,225 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Postal Realty Trust by 0.8% in the 3rd 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 period. Nisa Investment Advisors LLC boosted its holdings in 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 buying an additional 1,837 shares during the period. Finally, Arete Wealth Advisors LLC increased its stake in Postal Realty Trust by 11.7% in the 3rd quarter. Arete Wealth Advisors LLC now owns 18,934 shares of the company’s stock worth $276,000 after buying an additional 1,981 shares in the last quarter. 57.89% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Andrew Spodek bought 7,968 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average cost of $13.00 per share, with a total value of $103,584.00. Following the completion of the purchase, the chief executive officer now owns 277,518 shares of the company’s stock, valued at approximately $3,607,734. The trade was a 2.96 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.60% of the stock is owned by insiders.

Postal Realty Trust Price Performance

Shares of Postal Realty Trust stock opened at $12.48 on Tuesday. The company has a market capitalization of $292.67 million, a price-to-earnings ratio of 156.01 and a beta of 0.67. 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 stock’s 50-day simple moving average is $13.05 and its 200-day simple moving average is $13.86. Postal Realty Trust, Inc. has a 52 week low of $12.26 and a 52 week high of $15.15.

Postal Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 7.77%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.24. Postal Realty Trust’s dividend payout ratio (DPR) is 1,212.50%.

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.