D. E. Shaw & Co. Inc. Makes New $448,000 Investment in Postal Realty Trust, Inc. (NYSE:PSTL)

D. E. Shaw & Co. Inc. acquired a new stake in Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 34,319 shares of the company's stock, valued at approximately $448,000. D. E. Shaw & Co. Inc. owned about 0.15% of Postal Realty Trust at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Quadrant Capital Group LLC bought a new stake in shares of Postal Realty Trust in the 4th quarter valued at approximately $25,000. New York State Teachers Retirement System bought a new stake in shares of Postal Realty Trust during the 4th quarter worth approximately $26,000. PNC Financial Services Group Inc. lifted its stake 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 acquiring an additional 1,701 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Postal Realty Trust by 45.2% during the 4th quarter. BNP Paribas Financial Markets now owns 8,744 shares of the company's stock worth $114,000 after acquiring an additional 2,720 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new stake in shares of Postal Realty Trust during the 4th quarter worth approximately $116,000. 57.89% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PSTL has been the subject of a number of research analyst reports. Wall Street Zen raised Postal Realty Trust from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Stifel Nicolaus reduced their price objective on Postal Realty Trust from $16.75 to $16.50 and set a "buy" rating on the stock in a report on Thursday, May 1st.

Postal Realty Trust Stock Up 0.0%

PSTL stock traded up $0.00 on Friday, hitting $13.86. 139,202 shares of the company's stock were exchanged, compared to its average volume of 137,701. The firm has a 50 day moving average price of $13.30 and a two-hundred day moving average price of $13.40. Postal Realty Trust, Inc. has a 12-month low of $12.26 and a 12-month high of $15.15. 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 stock has a market cap of $330.05 million, a P/E ratio of 173.32 and a beta of 0.81.

Postal Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 1st were paid a dividend of $0.2425 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $0.97 annualized dividend and a yield of 7.00%. Postal Realty Trust's dividend payout ratio (DPR) is currently 346.43%.

Insider Activity

In other news, CAO Matt Brandwein sold 15,142 shares of the 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 approximately $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 accessible through the SEC website. Insiders sold 19,452 shares of company stock worth $277,332 over the last ninety days. Corporate insiders own 13.70% of the company's stock.

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.