Jane Street Group LLC Sells 33,834 Shares of Postal Realty Trust, Inc. (NYSE:PSTL)

Jane Street Group LLC trimmed its position in shares of Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) by 64.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,406 shares of the company's stock after selling 33,834 shares during the period. Jane Street Group LLC owned about 0.08% of Postal Realty Trust worth $240,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PSTL. Zacks Investment Management purchased a new position in Postal Realty Trust during the fourth quarter valued at $2,264,000. Proficio Capital Partners LLC bought a new position in Postal Realty Trust during the 4th quarter valued at about $1,460,000. Vanguard Group Inc. lifted its position in Postal Realty Trust by 9.4% during the fourth quarter. Vanguard Group Inc. now owns 1,255,253 shares of the company's stock valued at $16,381,000 after purchasing an additional 107,887 shares during the period. Foundry Partners LLC boosted its stake in shares of Postal Realty Trust by 21.3% in the 4th quarter. Foundry Partners LLC now owns 401,060 shares of the company's stock worth $5,234,000 after buying an additional 70,299 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Postal Realty Trust by 27.1% in the 4th quarter. Renaissance Technologies LLC now owns 321,850 shares of the company's stock worth $4,200,000 after buying an additional 68,600 shares during the last quarter. Institutional investors own 57.89% of the company's stock.

Insider Activity at Postal Realty Trust

In other Postal Realty Trust news, CAO Matt Brandwein sold 2,810 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $14.30, for a total transaction of $40,183.00. Following the completion of the transaction, the chief accounting officer now owns 131,715 shares in the company, valued at $1,883,524.50. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 19,452 shares of company stock valued at $277,332. 13.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

PSTL has been the topic of a number of recent research reports. Stifel Nicolaus lowered 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, May 1st. Wall Street Zen raised shares of Postal Realty Trust from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th.

Postal Realty Trust Stock Performance

Shares of PSTL stock traded up $0.05 during trading hours on Friday, reaching $14.21. 275,723 shares of the company traded hands, compared to its average volume of 138,784. The firm has a 50-day moving average price of $13.30 and a 200 day moving average price of $13.41. The company has a market cap of $338.19 million, a P/E ratio of 177.60 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.

Postal Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 1st were paid a $0.2425 dividend. The ex-dividend date was Thursday, May 1st. This represents a $0.97 dividend on an annualized basis and a yield of 6.83%. Postal Realty Trust's 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.