Postal Realty Trust (NYSE:PSTL) CAO Matt Brandwein Sells 1,803 Shares

Key Points

• Matt Brandwein, Chief Accounting Officer of Postal Realty Trust, sold 1,803 shares of stock at an average price of $16.00, totaling $28,848, reducing his total ownership to 107,919 shares.
• Postal Realty Trust declared a quarterly dividend of $0.2425 per share, with a dividend yield of 6.1%, and has a high payout ratio of 255.26%.
• Analysts have upgraded Postal Realty Trust's stock to a "buy" rating with a consensus target price of $17.75, reflecting positive market sentiment.

Postal Realty Trust, Inc. (NYSE:PSTL - Get Free Report) CAO Matt Brandwein sold 1,803 shares of Postal Realty Trust stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $16.00, for a total value of $28,848.00. Following the transaction, the chief accounting officer owned 107,919 shares in the company, valued at approximately $1,726,704. This trade represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, September 9th, Matt Brandwein sold 4,112 shares of Postal Realty Trust stock. The shares were sold at an average price of $16.00, for a total value of $65,792.00.

Postal Realty Trust Price Performance

Shares of PSTL stock traded down $0.08 during mid-day trading on Tuesday, hitting $15.75. 130,687 shares of the stock traded hands, compared to its average volume of 148,586. Postal Realty Trust, Inc. has a twelve month low of $12.26 and a twelve month high of $16.06. The firm has a market cap of $387.14 million, a price-to-earnings ratio of 41.45 and a beta of 0.86. The company's 50-day simple moving average is $15.01 and its 200-day simple moving average is $14.26. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.28 and a current ratio of 1.28.

Postal Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, July 31st were issued 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 presently 255.26%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PSTL. Parallel Advisors LLC grew its holdings in shares of Postal Realty Trust by 964.5% during the first quarter. Parallel Advisors LLC now owns 1,948 shares of the company's stock valued at $28,000 after buying an additional 1,765 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in shares of Postal Realty Trust by 225.2% during the second quarter. Cullen Frost Bankers Inc. now owns 2,026 shares of the company's stock valued at $30,000 after buying an additional 1,403 shares in the last quarter. CWM LLC grew its holdings in shares of Postal Realty Trust by 195.5% during the second quarter. CWM LLC now owns 2,237 shares of the company's stock valued at $33,000 after buying an additional 1,480 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of Postal Realty Trust by 45.9% during the second quarter. Ameritas Investment Partners Inc. now owns 2,258 shares of the company's stock valued at $33,000 after buying an additional 710 shares in the last quarter. Finally, NBC Securities Inc. grew its holdings in shares of Postal Realty Trust by 124,900.0% during the first quarter. NBC Securities Inc. now owns 3,750 shares of the company's stock valued at $53,000 after buying an additional 3,747 shares in the last quarter. Hedge funds and other institutional investors own 57.89% of the company's stock.

Analysts Set New Price Targets

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