Postal Realty Trust (NYSE:PSTL) CAO Sells $28,848.00 in Stock

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 the company's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $16.00, for a total value of $28,848.00. Following the sale, the chief accounting officer owned 107,919 shares of the company's stock, valued at $1,726,704. This trade represents a 1.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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 stock was sold at an average price of $16.00, for a total value of $65,792.00.

Postal Realty Trust Stock Performance

Shares of Postal Realty Trust stock traded up $0.09 during trading hours on Thursday, hitting $16.00. 148,865 shares of the company were exchanged, compared to its average volume of 171,780. Postal Realty Trust, Inc. has a 1 year low of $12.26 and a 1 year high of $16.05. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.01. The business has a 50-day moving average of $14.93 and a 200-day moving average of $14.17. The stock has a market capitalization of $393.21 million, a price-to-earnings ratio of 42.10 and a beta of 0.86.

Postal Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Thursday, July 31st were paid a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a dividend yield of 6.1%. The ex-dividend date was Thursday, July 31st. Postal Realty Trust's dividend payout ratio is 255.26%.

Analysts Set New Price Targets

Several research firms have recently commented on PSTL. Wall Street Zen upgraded Postal Realty Trust from a "hold" rating to a "buy" rating in a research note 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 report on Tuesday, August 5th. One equities 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 target price of $17.75.

Institutional Trading of Postal Realty Trust

Several large investors have recently bought and sold shares of the company. State of Wyoming grew its holdings in Postal Realty Trust by 760.4% in the second quarter. State of Wyoming now owns 36,772 shares of the company's stock valued at $542,000 after purchasing an additional 32,498 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Postal Realty Trust by 360.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,882 shares of the company's stock valued at $57,000 after purchasing an additional 3,038 shares during the last quarter. Man Group plc acquired a new stake in Postal Realty Trust in the second quarter valued at $2,590,000. Engineers Gate Manager LP acquired a new stake in Postal Realty Trust in the second quarter valued at $283,000. Finally, Jane Street Group LLC grew its holdings in Postal Realty Trust by 26.9% in the second quarter. Jane Street Group LLC now owns 78,039 shares of the company's stock valued at $1,150,000 after purchasing an additional 16,522 shares during the last quarter. Institutional investors and hedge funds own 57.89% of the company's stock.

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.

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