HighTower Advisors LLC Has $2.25 Million Position in Postal Realty Trust, Inc. (NYSE:PSTL)

HighTower Advisors LLC reduced its position in shares of Postal Realty Trust, Inc. (NYSE:PSTL) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 172,382 shares of the company’s stock after selling 2,836 shares during the period. HighTower Advisors LLC’s holdings in Postal Realty Trust were worth $2,250,000 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. New York State Teachers Retirement System acquired a new stake in Postal Realty Trust during the 4th quarter worth approximately $26,000. PNC Financial Services Group Inc. raised its holdings in Postal Realty Trust by 42.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,703 shares of the company’s stock valued at $74,000 after acquiring an additional 1,701 shares in the last quarter. SG Americas Securities LLC raised its holdings 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 valued at $126,000 after acquiring an additional 2,277 shares in the last quarter. Pekin Hardy Strauss Inc. acquired a new position in Postal Realty Trust in the 3rd quarter valued at $154,000. Finally, Principle Wealth Partners LLC raised its holdings in Postal Realty Trust by 8.2% in the 4th quarter. Principle Wealth Partners LLC now owns 16,240 shares of the company’s stock valued at $212,000 after acquiring an additional 1,225 shares in the last quarter. 57.89% of the stock is owned by institutional investors and hedge funds.

Postal Realty Trust Price Performance

Shares of NYSE PSTL opened at $13.82 on Friday. The stock has a market capitalization of $325.60 million, a PE ratio of 172.80 and a beta of 0.68. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.57 and a quick ratio of 1.57. The business has a fifty day moving average price of $13.42 and a two-hundred day moving average price of $13.82. Postal Realty Trust, Inc. has a fifty-two week low of $12.26 and a fifty-two week high of $15.15.

Postal Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.2425 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Postal Realty Trust’s previous quarterly dividend of $0.24. This represents a $0.97 annualized dividend and a yield of 7.02%. Postal Realty Trust’s payout ratio is currently 461.90%.

Insider Buying and Selling at Postal Realty Trust

In other news, CAO Matt Brandwein sold 15,142 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $14.25, for a total transaction of $215,773.50. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 19,452 shares of company stock valued at $277,332 in the last three months. Corporate insiders own 13.20% of the company’s stock.

Postal Realty Trust 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.