Renaissance Technologies LLC Has $4.20 Million Position in Postal Realty Trust, Inc. (NYSE:PSTL)

Renaissance Technologies LLC lifted its position in Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) by 27.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 321,850 shares of the company's stock after acquiring an additional 68,600 shares during the period. Renaissance Technologies LLC owned about 1.37% of Postal Realty Trust worth $4,200,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PSTL. Quadrant Capital Group LLC purchased a new stake in Postal Realty Trust in the 4th quarter worth approximately $25,000. New York State Teachers Retirement System purchased a new stake in shares of Postal Realty Trust during the fourth quarter worth $26,000. PNC Financial Services Group Inc. boosted its position in Postal Realty Trust by 42.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,703 shares of the company's stock valued at $74,000 after purchasing an additional 1,701 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new position in Postal Realty Trust in the fourth quarter valued at about $116,000. Finally, SG Americas Securities LLC increased its position in Postal Realty Trust by 30.9% in the 4th quarter. SG Americas Securities LLC now owns 9,648 shares of the company's stock worth $126,000 after purchasing an additional 2,277 shares during the last quarter. Institutional investors and hedge funds own 57.89% of the company's stock.

Postal Realty Trust Stock Down 0.7 %

Shares of PSTL traded down $0.09 during midday trading on Friday, reaching $13.21. 151,459 shares of the stock were exchanged, compared to its average volume of 125,563. The company has a market cap of $311.19 million, a price-to-earnings ratio of 165.15 and a beta of 0.71. The firm has a 50 day simple moving average of $13.60 and a 200-day simple moving average of $13.63. Postal Realty Trust, Inc. has a 12-month low of $12.26 and a 12-month high of $15.15. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.90.

Postal Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 1st will be paid a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 7.34%. The ex-dividend date is Thursday, May 1st. Postal Realty Trust's dividend payout ratio (DPR) is presently 461.90%.

Insiders Place Their Bets

In other news, CAO Matt Brandwein sold 15,142 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $14.25, for a total transaction of $215,773.50. Following the transaction, the chief accounting officer now owns 116,573 shares of the company's stock, valued at approximately $1,661,165.25. This represents a 11.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 19,452 shares of company stock valued at $277,332 over the last ninety days. Corporate 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.