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

Proficio Capital Partners LLC acquired a new position in Postal Realty Trust, Inc. (NYSE:PSTL) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 111,891 shares of the company’s stock, valued at approximately $1,460,000. Proficio Capital Partners LLC owned approximately 0.48% of Postal Realty Trust at the end of the most recent reporting period.

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

Postal Realty Trust Stock Down 1.2 %

Shares of NYSE:PSTL opened at $14.11 on Friday. Postal Realty Trust, Inc. has a 12-month low of $12.26 and a 12-month high of $15.15. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.90. The firm has a market cap of $332.46 million, a PE ratio of 176.43 and a beta of 0.68. The company has a fifty day simple moving average of $13.39 and a 200 day simple moving average of $13.83.

Postal Realty Trust Increases Dividend

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

Insider Transactions at Postal Realty Trust

In related news, CAO Matt Brandwein sold 2,810 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $14.30, for a total transaction of $40,183.00. Following the sale, the chief accounting officer now directly owns 131,715 shares of the company’s stock, valued at approximately $1,883,524.50. This represents a 2.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 19,452 shares of company stock valued at $277,332. Insiders own 13.20% of the company’s stock.

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.