Postal Realty Trust, Inc. (NYSE:PSTL) Shares Bought by State Street Corp

State Street Corp raised its position in Postal Realty Trust, Inc. (NYSE:PSTL) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 477,091 shares of the company’s stock after buying an additional 9,394 shares during the quarter. State Street Corp owned approximately 2.07% of Postal Realty Trust worth $6,985,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of PSTL. Renaissance Technologies LLC raised its stake in shares of Postal Realty Trust by 40.1% during the second quarter. Renaissance Technologies LLC now owns 267,427 shares of the company’s stock worth $3,565,000 after purchasing an additional 76,477 shares during the last quarter. FMR LLC raised its position in Postal Realty Trust by 1.4% during the 3rd 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 during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Postal Realty Trust by 6.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 127,797 shares of the company’s stock worth $1,704,000 after acquiring an additional 8,106 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Postal Realty Trust in the second quarter valued at about $550,000. Finally, HighTower Advisors LLC raised its stake in shares of Postal Realty Trust by 0.8% during 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 in the last quarter. 57.89% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Postal Realty Trust news, CEO Andrew Spodek purchased 7,968 shares of the stock in a transaction on Thursday, December 19th. The stock was bought at an average price of $13.00 per share, for a total transaction of $103,584.00. Following the acquisition, the chief executive officer now directly owns 277,518 shares of the company’s stock, valued at $3,607,734. This represents a 2.96 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 13.60% of the stock is owned by company insiders.

Postal Realty Trust Price Performance

Shares of NYSE:PSTL opened at $12.98 on Friday. The business’s 50 day simple moving average is $13.95 and its 200-day simple moving average is $14.09. The firm has a market capitalization of $304.42 million, a price-to-earnings ratio of 162.27, a price-to-earnings-growth ratio of 2.45 and a beta of 0.66. Postal Realty Trust, Inc. has a 12 month low of $12.77 and a 12 month high of $15.15. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.57 and a quick ratio of 1.57.

Postal Realty Trust (NYSE:PSTL) last posted its earnings results on Monday, November 4th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.23). The business had revenue of $19.67 million for the quarter, compared to analysts’ expectations of $18.49 million. Postal Realty Trust had a net margin of 4.55% and a return on equity of 1.06%. During the same quarter last year, the business posted $0.27 earnings per share. As a group, equities analysts forecast that Postal Realty Trust, Inc. will post 0.8 earnings per share for the current fiscal year.

Postal Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 4th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 7.40%. The ex-dividend date of this dividend was Monday, November 4th. Postal Realty Trust’s payout ratio is 1,200.00%.

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.