Marshall Wace LLP Purchases Shares of 35,927 Postal Realty Trust, Inc. (NYSE:PSTL)

Marshall Wace LLP bought a new stake in Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 35,927 shares of the company's stock, valued at approximately $469,000. Marshall Wace LLP owned about 0.15% of Postal Realty Trust as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Quadrant Capital Group LLC bought a new stake in shares of Postal Realty Trust during 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 fourth quarter worth $26,000. PNC Financial Services Group Inc. increased its holdings in shares of Postal Realty Trust by 42.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,703 shares of the company's stock worth $74,000 after buying an additional 1,701 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new position in shares of Postal Realty Trust in the 4th quarter valued at $116,000. Finally, SG Americas Securities LLC grew its position in Postal Realty Trust by 30.9% during the 4th quarter. SG Americas Securities LLC now owns 9,648 shares of the company's stock worth $126,000 after acquiring an additional 2,277 shares during the last quarter. Institutional investors and hedge funds own 57.89% of the company's stock.

Postal Realty Trust Trading Down 0.6 %

Shares of PSTL stock traded down $0.08 during trading hours on Thursday, hitting $12.56. 27,748 shares of the company's stock traded hands, compared to its average volume of 178,297. The stock has a market cap of $295.88 million, a PE ratio of 157.02 and a beta of 0.81. The stock's 50 day simple moving average is $13.59 and its 200 day simple moving average is $13.55. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.90. Postal Realty Trust, Inc. has a 12 month low of $12.26 and a 12 month high of $15.15.

Postal Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 1st will be paid a $0.2425 dividend. The ex-dividend date is Thursday, May 1st. This represents a $0.97 annualized dividend and a dividend yield of 7.72%. Postal Realty Trust's payout ratio is 346.43%.

Insider Transactions at Postal Realty Trust

In other Postal Realty Trust news, CAO Matt Brandwein sold 15,142 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were 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 owns 116,573 shares in the company, valued at approximately $1,661,165.25. This trade represents a 11.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 19,452 shares of company stock worth $277,332 over the last ninety days. 13.70% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Stifel Nicolaus dropped their target price on Postal Realty Trust from $16.75 to $16.50 and set a "buy" rating for the company in a research report on Thursday, May 1st.

Postal Realty Trust Company 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.