Jane Street Group LLC Trims Stake in Postal Realty Trust, Inc. (NYSE:PSTL)

Jane Street Group LLC lowered 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 & 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 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in Postal Realty Trust during the fourth quarter worth about $1,460,000. Vanguard Group Inc. lifted its stake 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 worth $16,381,000 after purchasing an additional 107,887 shares during the last quarter. New York State Teachers Retirement System bought a new stake in Postal Realty Trust during the fourth quarter worth about $26,000. MetLife Investment Management LLC lifted its stake in shares of Postal Realty Trust by 16.3% in the 4th quarter. MetLife Investment Management LLC now owns 13,801 shares of the company's stock valued at $180,000 after acquiring an additional 1,931 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Postal Realty Trust in the 4th quarter valued at about $469,000. Institutional investors own 57.89% of the company's stock.

Insider Activity 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 transaction of $40,183.00. Following the transaction, the chief accounting officer now owns 131,715 shares in the company, valued at $1,883,524.50. The trade was a 2.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 19,452 shares of company stock worth $277,332 in the last 90 days. Company insiders own 13.70% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PSTL. Stifel Nicolaus lowered their target price on Postal Realty Trust from $16.75 to $16.50 and set a "buy" rating for the company in a research note on Thursday, May 1st. Wall Street Zen raised Postal Realty Trust from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th.

Postal Realty Trust Trading Up 0.3%

Shares of NYSE PSTL traded up $0.05 during midday trading on Friday, reaching $14.21. The company had a trading volume of 275,723 shares, compared to its average volume of 139,127. Postal Realty Trust, Inc. has a one year low of $12.26 and a one year high of $15.15. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.90. The firm's fifty day moving average price is $13.29 and its 200-day moving average price is $13.40. The stock has a market cap of $338.19 million, a PE ratio of 177.60 and a beta of 0.80.

Postal Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 1st were issued a dividend of $0.2425 per share. 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 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.