Two Sigma Advisers LP Grows Stock Holdings in Postal Realty Trust, Inc. (NYSE:PSTL)

Two Sigma Advisers LP boosted its position in shares of Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) by 159.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87,700 shares of the company's stock after buying an additional 53,900 shares during the quarter. Two Sigma Advisers LP owned 0.37% of Postal Realty Trust worth $1,144,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of PSTL. Quadrant Capital Group LLC acquired a new stake in Postal Realty Trust in the 4th quarter worth approximately $25,000. New York State Teachers Retirement System bought a new position in Postal Realty Trust in the 4th quarter worth $26,000. PNC Financial Services Group Inc. lifted its position in 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 boosted its holdings in Postal Realty Trust by 45.2% during the fourth quarter. BNP Paribas Financial Markets now owns 8,744 shares of the company's stock valued at $114,000 after acquiring an additional 2,720 shares during the period. Finally, Resona Asset Management Co. Ltd. bought a new stake in Postal Realty Trust during the fourth quarter valued at about $116,000. 57.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Postal Realty Trust 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 transaction of $215,773.50. Following the completion of the transaction, the chief accounting officer now directly owns 116,573 shares of the company's stock, valued at approximately $1,661,165.25. This represents a 11.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, 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 Stock Up 0.4%

NYSE PSTL traded up $0.06 during trading on Wednesday, hitting $14.14. The stock had a trading volume of 115,922 shares, compared to its average volume of 138,037. The company has a market capitalization of $336.62 million, a PE ratio of 176.77 and a beta of 0.81. Postal Realty Trust, Inc. has a 12 month low of $12.26 and a 12 month high of $15.15. The company's 50-day moving average price is $13.30 and its two-hundred day moving average price is $13.41. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.57 and a current ratio of 1.57.

Postal Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 1st were given a dividend of $0.2425 per share. The ex-dividend date was Thursday, May 1st. This represents a $0.97 annualized dividend and a yield of 6.86%. Postal Realty Trust's dividend payout ratio is presently 346.43%.

Postal Realty Trust 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.