Sumitomo Mitsui Trust Holdings Inc. Buys 6,280 Shares of Postal Realty Trust, Inc. (NYSE:PSTL)

Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Postal Realty Trust, Inc. (NYSE:PSTL) by 33.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,099 shares of the company’s stock after buying an additional 6,280 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.12% of Postal Realty Trust worth $365,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of PSTL. Hudson Bay Capital Management LP acquired a new position in Postal Realty Trust in the third quarter valued at about $7,654,000. North Star Investment Management Corp. raised its stake in Postal Realty Trust by 24.5% in the fourth quarter. North Star Investment Management Corp. now owns 426,180 shares of the company’s stock valued at $6,205,000 after purchasing an additional 83,820 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in Postal Realty Trust by 43.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 41,199 shares of the company’s stock valued at $604,000 after purchasing an additional 12,407 shares in the last quarter. Arete Wealth Advisors LLC acquired a new position in Postal Realty Trust in the third quarter valued at about $519,000. Finally, Essex Financial Services Inc. raised its stake in Postal Realty Trust by 11.6% in the third quarter. Essex Financial Services Inc. now owns 28,045 shares of the company’s stock valued at $379,000 after purchasing an additional 2,910 shares in the last quarter. Institutional investors and hedge funds own 57.89% of the company’s stock.

Postal Realty Trust Stock Down 0.3 %

PSTL stock opened at $13.73 on Friday. The company has a market cap of $309.06 million, a PE ratio of 124.83, a price-to-earnings-growth ratio of 2.37 and a beta of 0.65. The business has a 50-day simple moving average of $13.98 and a 200 day simple moving average of $14.07. Postal Realty Trust, Inc. has a 52 week low of $12.98 and a 52 week high of $15.71. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.80.

Postal Realty Trust (NYSE:PSTL) last posted its quarterly earnings results on Monday, February 26th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.21). The company had revenue of $17.00 million during the quarter, compared to analyst estimates of $16.48 million. Postal Realty Trust had a net margin of 5.82% and a return on equity of 1.28%. During the same period last year, the firm earned $0.28 EPS. Sell-side analysts anticipate that Postal Realty Trust, Inc. will post 0.83 EPS for the current fiscal year.

Postal Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Friday, February 16th were paid a dividend of $0.24 per share. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.96 annualized dividend and a yield of 6.99%. Postal Realty Trust’s payout ratio is presently 872.81%.

Insiders Place Their Bets

In other Postal Realty Trust news, CEO Andrew Spodek bought 8,709 shares of the stock in a transaction on Tuesday, April 16th. The stock was purchased at an average price of $13.50 per share, with a total value of $117,571.50. Following the completion of the purchase, the chief executive officer now owns 246,227 shares in the company, valued at $3,324,064.50. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In other Postal Realty Trust news, CEO Andrew Spodek bought 8,709 shares of the stock in a transaction on Tuesday, April 16th. The stock was purchased at an average price of $13.50 per share, with a total value of $117,571.50. Following the completion of the purchase, the chief executive officer now owns 246,227 shares in the company, valued at $3,324,064.50. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Treasurer Jeremy Garber sold 3,651 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $14.00, for a total value of $51,114.00. Following the sale, the treasurer now owns 233,020 shares in the company, valued at $3,262,280. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 19,819 shares of company stock valued at $270,057. 13.60% of the stock is currently owned by corporate insiders.

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.