Almitas Capital LLC Takes Position in Postal Realty Trust, Inc. (NYSE:PSTL)

Almitas Capital LLC acquired a new stake in shares of Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 66,668 shares of the company's stock, valued at approximately $870,000. Almitas Capital LLC owned about 0.28% of Postal Realty Trust as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Quadrant Capital Group LLC acquired a new position in Postal Realty Trust in the 4th quarter worth about $25,000. New York State Teachers Retirement System acquired a new stake in Postal Realty Trust in the 4th quarter worth $26,000. PNC Financial Services Group Inc. increased its holdings in shares of Postal Realty Trust by 42.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,703 shares of the company's stock worth $74,000 after purchasing an additional 1,701 shares during the period. Resona Asset Management Co. Ltd. acquired a new position in shares of Postal Realty Trust during the fourth quarter valued at about $116,000. Finally, SG Americas Securities LLC lifted its position in shares of Postal Realty Trust by 30.9% in the 4th quarter. SG Americas Securities LLC now owns 9,648 shares of the company's stock worth $126,000 after acquiring an additional 2,277 shares during the period. 57.89% of the stock is owned by hedge funds and other institutional investors.

Postal Realty Trust Price Performance

Shares of Postal Realty Trust stock traded down $0.04 during midday trading on Wednesday, reaching $12.66. The company had a trading volume of 41,906 shares, compared to its average volume of 131,583. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.90. Postal Realty Trust, Inc. has a 1-year low of $12.26 and a 1-year high of $15.15. The company has a market capitalization of $298.33 million, a price-to-earnings ratio of 158.27 and a beta of 0.81. The stock has a fifty day simple moving average of $13.61 and a 200 day simple moving average of $13.56.

Postal Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a yield of 7.66%. The ex-dividend date of this dividend is Thursday, May 1st. Postal Realty Trust's dividend payout ratio (DPR) is currently 346.43%.

Insider Activity

In other Postal Realty Trust news, CAO Matt Brandwein sold 15,142 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $14.25, for a total value of $215,773.50. Following the completion of the sale, the chief accounting officer now directly owns 116,573 shares in the company, valued at $1,661,165.25. This represents a 11.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 19,452 shares of company stock valued at $277,332 in the last ninety days. 13.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus cut their price target on shares of Postal Realty Trust from $16.75 to $16.50 and set a "buy" rating for the company in a research note on Thursday, May 1st.

Postal Realty Trust Company 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.