Bank of New York Mellon Corp Lowers Holdings in Postal Realty Trust, Inc. (NYSE:PSTL)

Bank of New York Mellon Corp lowered its holdings in Postal Realty Trust, Inc. (NYSE:PSTL) by 36.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,179 shares of the company’s stock after selling 40,705 shares during the quarter. Bank of New York Mellon Corp owned 0.31% of Postal Realty Trust worth $942,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PSTL. State Street Corp raised its holdings in Postal Realty Trust by 2.0% in the 3rd quarter. State Street Corp now owns 477,091 shares of the company’s stock valued at $6,985,000 after buying an additional 9,394 shares during the period. Geode Capital Management LLC increased its position in shares of Postal Realty Trust by 3.5% during the third quarter. Geode Capital Management LLC now owns 577,040 shares of the company’s stock valued at $8,449,000 after acquiring an additional 19,600 shares during the last quarter. FMR LLC increased 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 valued at $50,451,000 after acquiring an additional 46,439 shares during the last quarter. Barclays PLC raised its stake in shares of Postal Realty Trust by 269.7% in the 3rd quarter. Barclays PLC now owns 29,480 shares of the company’s stock valued at $432,000 after acquiring an additional 21,506 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Postal Realty Trust by 32.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 111,799 shares of the company’s stock worth $1,637,000 after acquiring an additional 27,700 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, CAO Matt Brandwein sold 15,142 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $14.25, for a total value of $215,773.50. Following the completion of the transaction, the chief accounting officer now owns 116,573 shares of the company’s stock, valued at approximately $1,661,165.25. This trade represents a 11.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 19,452 shares of company stock worth $277,332. 13.60% of the stock is currently owned by company insiders.

Postal Realty Trust Stock Up 0.1 %

Postal Realty Trust stock opened at $14.04 on Wednesday. The company has a market capitalization of $330.74 million, a PE ratio of 175.52 and a beta of 0.68. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.57 and a current ratio of 1.57. Postal Realty Trust, Inc. has a fifty-two week low of $12.26 and a fifty-two week high of $15.15. The firm has a 50 day moving average price of $13.47 and a 200 day moving average price of $13.81.

Postal Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.2425 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Postal Realty Trust’s previous quarterly dividend of $0.24. This represents a $0.97 dividend on an annualized basis and a dividend yield of 6.91%. Postal Realty Trust’s payout ratio is presently 461.90%.

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.