Cubist Systematic Strategies LLC Purchases Shares of 21,440 Postal Realty Trust, Inc. (NYSE:PSTL)

Cubist Systematic Strategies LLC bought a new position in Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 21,440 shares of the company's stock, valued at approximately $280,000. Cubist Systematic Strategies LLC owned about 0.09% of Postal Realty Trust as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PSTL. Vanguard Group Inc. increased its position in Postal Realty Trust by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 1,255,253 shares of the company's stock worth $16,381,000 after buying an additional 107,887 shares during the period. Foundry Partners LLC increased its position in shares of Postal Realty Trust by 21.3% during the fourth quarter. Foundry Partners LLC now owns 401,060 shares of the company's stock valued at $5,234,000 after purchasing an additional 70,299 shares during the period. Stifel Financial Corp increased its position in shares of Postal Realty Trust by 5.1% during the fourth quarter. Stifel Financial Corp now owns 327,936 shares of the company's stock valued at $4,280,000 after purchasing an additional 15,907 shares during the period. Renaissance Technologies LLC increased its position in shares of Postal Realty Trust by 27.1% during the fourth quarter. Renaissance Technologies LLC now owns 321,850 shares of the company's stock valued at $4,200,000 after purchasing an additional 68,600 shares during the period. Finally, Ancora Advisors LLC increased its position in shares of Postal Realty Trust by 11.2% during the fourth quarter. Ancora Advisors LLC now owns 256,719 shares of the company's stock valued at $3,350,000 after purchasing an additional 25,885 shares during the period. 57.89% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Postal Realty Trust news, CAO Matt Brandwein sold 15,142 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $14.25, for a total value of $215,773.50. Following 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 SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 19,452 shares of company stock worth $277,332. Company insiders own 13.70% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus lowered their price objective 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.

Postal Realty Trust Stock Performance

Shares of PSTL traded down $0.08 on Thursday, reaching $13.15. 101,776 shares of the stock traded hands, compared to its average volume of 136,338. The firm has a market cap of $312.93 million, a price-to-earnings ratio of 163.83 and a beta of 0.81. 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, Inc. has a 12 month low of $12.26 and a 12 month high of $15.15. The stock's 50-day moving average price is $13.39 and its 200-day moving average price is $13.45.

Postal Realty Trust Announces Dividend

The company also recently disclosed 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 dividend payout ratio is presently 346.43%.

About Postal Realty Trust

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.