PNC Financial Services Group Inc. Increases Stock Position in Postal Realty Trust, Inc. (NYSE:PSTL)

PNC Financial Services Group Inc. increased its position in shares of Postal Realty Trust, Inc. (NYSE:PSTL) by 42.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,703 shares of the company’s stock after purchasing an additional 1,701 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Postal Realty Trust were worth $74,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PSTL. Proficio Capital Partners LLC purchased a new position in shares of Postal Realty Trust in the 4th quarter worth approximately $1,460,000. State Street Corp lifted its holdings in Postal Realty Trust by 2.0% during the third quarter. State Street Corp now owns 477,091 shares of the company’s stock worth $6,985,000 after acquiring an additional 9,394 shares during the period. Geode Capital Management LLC grew its stake in Postal Realty Trust by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 577,040 shares of the company’s stock valued at $8,449,000 after purchasing an additional 19,600 shares during the period. FMR LLC increased its position in shares of Postal Realty Trust by 1.4% during the 3rd quarter. FMR LLC now owns 3,446,129 shares of the company’s stock valued at $50,451,000 after purchasing an additional 46,439 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Postal Realty Trust by 269.7% during the 3rd quarter. Barclays PLC now owns 29,480 shares of the company’s stock worth $432,000 after purchasing an additional 21,506 shares during the period. 57.89% of the stock is owned by institutional investors.

Postal Realty Trust Price Performance

PSTL opened at $14.04 on Wednesday. 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 of $13.47 and a 200 day moving average of $13.81. 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 firm has a market cap of $330.74 million, a P/E ratio of 175.52 and a beta of 0.68.

Postal Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 6.91%. 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. Postal Realty Trust’s payout ratio is 461.90%.

Insider Activity at Postal Realty Trust

In other Postal Realty Trust news, CAO Matt Brandwein sold 15,142 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $14.25, for a total transaction of $215,773.50. Following the completion of the transaction, the chief accounting officer now owns 116,573 shares in the company, valued at $1,661,165.25. This trade represents a 11.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders have sold 19,452 shares of company stock worth $277,332. Insiders own 13.60% 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.