Cubist Systematic Strategies LLC Takes $280,000 Position in Postal Realty Trust, Inc. (NYSE:PSTL)

Cubist Systematic Strategies LLC acquired a new position in shares of Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 21,440 shares of the company's stock, valued at approximately $280,000. Cubist Systematic Strategies LLC owned approximately 0.09% of Postal Realty Trust at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Barclays PLC increased its position in shares of Postal Realty Trust by 269.7% during the third quarter. Barclays PLC now owns 29,480 shares of the company's stock worth $432,000 after acquiring an additional 21,506 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Postal Realty Trust by 32.9% during the third 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. SG Americas Securities LLC increased its position in shares of Postal Realty Trust by 30.9% during the fourth 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 last quarter. Nvwm LLC purchased a new stake in shares of Postal Realty Trust during the fourth quarter worth about $579,000. Finally, Principle Wealth Partners LLC increased its position in shares of Postal Realty Trust by 8.2% during the fourth quarter. Principle Wealth Partners LLC now owns 16,240 shares of the company's stock worth $212,000 after acquiring an additional 1,225 shares during the last quarter. Institutional investors and hedge funds own 57.89% of the company's stock.

Postal Realty Trust Stock Up 0.3%

Shares of NYSE PSTL traded up $0.04 during midday trading on Friday, reaching $13.14. 156,492 shares of the company's stock were exchanged, compared to its average volume of 136,841. Postal Realty Trust, Inc. has a 52-week low of $12.26 and a 52-week high of $15.15. The stock has a market capitalization of $312.88 million, a PE ratio of 164.31 and a beta of 0.81. 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 business's fifty day moving average price is $13.34 and its two-hundred day moving average price is $13.43.

Postal Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 7.38%. The ex-dividend date of this dividend is Thursday, May 1st. Postal Realty Trust's payout ratio is 346.43%.

Analyst Ratings Changes

Separately, Stifel Nicolaus dropped their target price on Postal Realty Trust from $16.75 to $16.50 and set a "buy" rating on the stock in a research report on Thursday, May 1st.

Insider Transactions at Postal Realty Trust

In related news, CAO Matt Brandwein sold 2,810 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $14.30, for a total value of $40,183.00. Following the completion of the sale, the chief accounting officer now directly owns 131,715 shares of the company's stock, valued at $1,883,524.50. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 19,452 shares of company stock valued at $277,332. 13.70% of the stock is currently owned by insiders.

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.