Almitas Capital LLC Invests $870,000 in Postal Realty Trust, Inc. (NYSE:PSTL)

Almitas Capital LLC purchased a new position in Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 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 SEC filing.

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

Postal Realty Trust Stock Down 0.4 %

PSTL traded down $0.05 during trading on Monday, reaching $12.67. The stock had a trading volume of 214,324 shares, compared to its average volume of 131,400. Postal Realty Trust, Inc. has a one year low of $12.26 and a one year high of $15.15. The company has a market capitalization of $298.47 million, a price-to-earnings ratio of 158.39 and a beta of 0.81. 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 stock's 50 day moving average is $13.63 and its two-hundred day moving average is $13.58.

Postal Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 1st will be issued a $0.2425 dividend. 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 presently 346.43%.

Insider Buying and Selling at Postal Realty Trust

In other news, CAO Matt Brandwein sold 15,142 shares of the firm's stock in a transaction on Monday, March 17th. The stock was 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 directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders sold 19,452 shares of company stock valued at $277,332. Corporate insiders own 13.70% of the company's stock.

Analysts Set New Price Targets

Separately, Stifel Nicolaus reduced their target price on Postal Realty Trust from $16.75 to $16.50 and set a "buy" rating on the stock in a report on Thursday.

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.