Russell Investments Group Ltd. Has $1.32 Million Stock Holdings in Postal Realty Trust, Inc. (NYSE:PSTL)

Russell Investments Group Ltd. lowered its position in shares of Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) by 22.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,317 shares of the company's stock after selling 29,136 shares during the period. Russell Investments Group Ltd. owned 0.43% of Postal Realty Trust worth $1,322,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in Postal Realty Trust during the fourth quarter worth about $1,460,000. Vanguard Group Inc. raised its position in shares of Postal Realty Trust by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 1,255,253 shares of the company's stock valued at $16,381,000 after buying an additional 107,887 shares in the last quarter. Foundry Partners LLC lifted its holdings in shares of Postal Realty Trust by 21.3% during the 4th quarter. Foundry Partners LLC now owns 401,060 shares of the company's stock worth $5,234,000 after acquiring an additional 70,299 shares during the period. Nvwm LLC acquired a new stake in shares of Postal Realty Trust during the 4th quarter worth approximately $579,000. Finally, Jane Street Group LLC boosted its position in shares of Postal Realty Trust by 166.6% during the 3rd quarter. Jane Street Group LLC now owns 52,240 shares of the company's stock worth $765,000 after acquiring an additional 32,644 shares in the last quarter. 57.89% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Postal Realty Trust news, CAO Matt Brandwein sold 15,142 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $14.25, for a total transaction of $215,773.50. Following the sale, the chief accounting officer now owns 116,573 shares of the company's stock, valued at approximately $1,661,165.25. The trade was a 11.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 19,452 shares of company stock valued at $277,332. 13.60% of the stock is currently owned by corporate insiders.

Postal Realty Trust Price Performance

PSTL traded down $0.13 during trading on Friday, hitting $13.18. 30,588 shares of the stock traded hands, compared to its average volume of 124,862. The business has a 50 day moving average price of $13.60 and a 200 day moving average price of $13.64. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.57 and a quick ratio of 1.57. Postal Realty Trust, Inc. has a twelve month low of $12.26 and a twelve month high of $15.15. The company has a market cap of $310.36 million, a price-to-earnings ratio of 164.71 and a beta of 0.71.

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 given a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 7.36%. The ex-dividend date is Thursday, May 1st. Postal Realty Trust's dividend payout ratio is presently 461.90%.

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.