Penn Capital Management Company LLC Sells 215,594 Shares of Postal Realty Trust, Inc. (NYSE:PSTL)

Penn Capital Management Company LLC reduced its position in shares of Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) by 91.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,583 shares of the company's stock after selling 215,594 shares during the period. Penn Capital Management Company LLC owned approximately 0.09% of Postal Realty Trust worth $269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC acquired a new stake in shares of Postal Realty Trust in the 4th quarter valued at $25,000. New York State Teachers Retirement System acquired a new stake in Postal Realty Trust in the fourth quarter valued at about $26,000. PNC Financial Services Group Inc. grew its position in Postal Realty Trust by 42.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,703 shares of the company's stock valued at $74,000 after acquiring an additional 1,701 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new position in Postal Realty Trust in the fourth quarter valued at about $116,000. Finally, SG Americas Securities LLC raised its stake in Postal Realty Trust by 30.9% during the fourth 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 in the last quarter. 57.89% of the stock is owned by institutional investors and hedge funds.

Postal Realty Trust Price Performance

Shares of Postal Realty Trust stock traded down $0.03 during midday trading on Wednesday, hitting $13.17. 107,685 shares of the company traded hands, compared to its average volume of 127,935. The firm's fifty day moving average price is $13.61 and its 200-day moving average price is $13.62. The stock has a market cap of $310.25 million, a price-to-earnings ratio of 164.65 and a beta of 0.71. Postal Realty Trust, Inc. has a 12 month low of $12.26 and a 12 month high of $15.15. 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 declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 1st will be given a $0.2425 dividend. This represents a $0.97 annualized dividend and a yield of 7.37%. The ex-dividend date of this dividend is Thursday, May 1st. Postal Realty Trust's dividend payout ratio (DPR) is currently 461.90%.

Insider Activity

In related 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 value of $215,773.50. Following the completion of the sale, the chief accounting officer now directly owns 116,573 shares in the company, valued at $1,661,165.25. This represents a 11.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 19,452 shares of company stock valued at $277,332. Insiders own 13.60% of the company's stock.

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.