127,836 Shares in Postal Realty Trust, Inc. (NYSE:PSTL) Acquired by HTLF Bank

HTLF Bank bought a new stake in shares of Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 127,836 shares of the company's stock, valued at approximately $1,861,000. HTLF Bank owned approximately 0.59% of Postal Realty Trust as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Dakota Wealth Management lifted its stake in shares of Postal Realty Trust by 20.2% during the 4th quarter. Dakota Wealth Management now owns 179,373 shares of the company's stock valued at $2,612,000 after buying an additional 30,114 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Postal Realty Trust by 33.4% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 25,099 shares of the company's stock valued at $365,000 after buying an additional 6,280 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Postal Realty Trust by 1,381.5% during the 4th quarter. International Assets Investment Management LLC now owns 8,000 shares of the company's stock valued at $116,000 after buying an additional 7,460 shares in the last quarter. New York State Teachers Retirement System purchased a new position in shares of Postal Realty Trust during the 4th quarter valued at $27,000. Finally, Asset Management One Co. Ltd. lifted its stake in shares of Postal Realty Trust by 43.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 41,199 shares of the company's stock valued at $604,000 after buying an additional 12,407 shares in the last quarter. Hedge funds and other institutional investors own 57.89% of the company's stock.

Insiders Place Their Bets

In related news, CEO Andrew Spodek purchased 10,000 shares of the firm's stock in a transaction on Wednesday, April 10th. The shares were acquired at an average price of $13.75 per share, for a total transaction of $137,500.00. Following the purchase, the chief executive officer now directly owns 237,518 shares in the company, valued at $3,265,872.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other Postal Realty Trust news, CEO Andrew Spodek bought 10,000 shares of Postal Realty Trust stock in a transaction dated Wednesday, April 10th. The shares were purchased at an average cost of $13.75 per share, for a total transaction of $137,500.00. Following the acquisition, the chief executive officer now directly owns 237,518 shares in the company, valued at approximately $3,265,872.50. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Treasurer Jeremy Garber sold 3,651 shares of the business's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $14.00, for a total transaction of $51,114.00. Following the completion of the sale, the treasurer now owns 233,020 shares in the company, valued at $3,262,280. The disclosure for this sale can be found here. Insiders have purchased a total of 19,819 shares of company stock worth $270,057 in the last 90 days. 13.60% of the stock is currently owned by corporate insiders.

Postal Realty Trust Price Performance

PSTL stock traded up $0.30 during mid-day trading on Friday, hitting $13.77. The company had a trading volume of 90,331 shares, compared to its average volume of 99,125. The company has a market capitalization of $309.96 million, a price-to-earnings ratio of 125.19, a P/E/G ratio of 2.32 and a beta of 0.65. Postal Realty Trust, Inc. has a 12-month low of $12.98 and a 12-month high of $15.71. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average price of $14.02 and a 200 day moving average price of $14.05.

Postal Realty Trust (NYSE:PSTL - Get Free Report) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.21). The company had revenue of $17.00 million during the quarter, compared to analysts' expectations of $16.48 million. Postal Realty Trust had a return on equity of 1.28% and a net margin of 5.82%. During the same quarter in the previous year, the firm earned $0.28 EPS. On average, research analysts anticipate that Postal Realty Trust, Inc. will post 0.83 earnings per share for the current year.

Postal Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Friday, February 16th were paid a $0.24 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.96 annualized dividend and a yield of 6.97%. This is a boost from Postal Realty Trust's previous quarterly dividend of $0.24. Postal Realty Trust's payout ratio is presently 872.81%.

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.