Postal Realty Trust (NYSE:PSTL) CAO Matt Brandwein Sells 4,112 Shares

Key Points

• Postal Realty Trust's Chief Accounting Officer, Matt Brandwein, sold 4,112 shares of the company stock at an average price of $16.00, resulting in a total transaction value of $65,792.
• The company recently announced a quarterly dividend of $0.2425 per share, equating to a 6.1% yield, despite a high payout ratio of 255.26%.
• Analysts have upgraded Postal Realty Trust to a "buy" rating, with a consensus price target of $17.75, reflecting a positive outlook for the stock.

Postal Realty Trust, Inc. (NYSE:PSTL - Get Free Report) CAO Matt Brandwein sold 4,112 shares of the business's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $16.00, for a total value of $65,792.00. Following the sale, the chief accounting officer owned 109,722 shares in the company, valued at $1,755,552. This represents a 3.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Matt Brandwein also recently made the following trade(s):

• On Thursday, September 11th, Matt Brandwein sold 1,803 shares of Postal Realty Trust stock. The stock was sold at an average price of $16.00, for a total value of $28,848.00.

Postal Realty Trust Price Performance

PSTL stock traded down $0.08 during midday trading on Tuesday, reaching $15.75. 130,687 shares of the stock were exchanged, compared to its average volume of 148,586. The stock has a market capitalization of $387.14 million, a PE ratio of 41.45 and a beta of 0.86. Postal Realty Trust, Inc. has a 52 week low of $12.26 and a 52 week high of $16.06. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.28 and a quick ratio of 1.28. The company has a fifty day moving average price of $15.01 and a 200 day moving average price of $14.26.

Postal Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Thursday, July 31st were given a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date was Thursday, July 31st. Postal Realty Trust's payout ratio is 255.26%.

Institutional Trading of Postal Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of PSTL. Janney Montgomery Scott LLC grew its holdings in Postal Realty Trust by 21.0% during the first quarter. Janney Montgomery Scott LLC now owns 185,857 shares of the company's stock valued at $2,654,000 after purchasing an additional 32,308 shares during the period. D. E. Shaw & Co. Inc. bought a new position in shares of Postal Realty Trust in the fourth quarter worth $448,000. Round Rock Advisors LLC purchased a new stake in shares of Postal Realty Trust in the first quarter worth $275,000. Ballentine Partners LLC purchased a new stake in shares of Postal Realty Trust in the first quarter worth $436,000. Finally, Gilman Hill Asset Management LLC raised its position in shares of Postal Realty Trust by 6.5% in the first quarter. Gilman Hill Asset Management LLC now owns 581,220 shares of the company's stock worth $8,300,000 after buying an additional 35,595 shares in the last quarter. 57.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on PSTL. Wall Street Zen upgraded Postal Realty Trust from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Stifel Nicolaus set a $17.75 price objective on Postal Realty Trust and gave the stock a "buy" rating in a research note on Tuesday, August 5th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $17.75.

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.