Prosperity Consulting Group LLC Has $177,000 Position in Postal Realty Trust, Inc. (NYSE:PSTL)

Prosperity Consulting Group LLC lowered its holdings in Postal Realty Trust, Inc. (NYSE:PSTL) by 22.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,596 shares of the company’s stock after selling 3,994 shares during the quarter. Prosperity Consulting Group LLC owned about 0.06% of Postal Realty Trust worth $177,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in Postal Realty Trust by 6.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,225 shares of the company’s stock worth $277,000 after acquiring an additional 1,223 shares during the last quarter. Stifel Financial Corp raised its stake in Postal Realty Trust by 5.1% in the 4th quarter. Stifel Financial Corp now owns 327,936 shares of the company’s stock valued at $4,280,000 after acquiring an additional 15,907 shares during the period. MetLife Investment Management LLC raised its stake in Postal Realty Trust by 16.3% in the 4th quarter. MetLife Investment Management LLC now owns 13,801 shares of the company’s stock valued at $180,000 after acquiring an additional 1,931 shares during the period. Dimensional Fund Advisors LP raised its stake in Postal Realty Trust by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 250,663 shares of the company’s stock valued at $3,271,000 after acquiring an additional 7,249 shares during the period. Finally, Marshall Wace LLP bought a new stake in Postal Realty Trust in the 4th quarter valued at about $469,000. Institutional investors and hedge funds own 57.89% of the company’s stock.

Insider Buying and Selling at Postal Realty Trust

In related news, CAO Matt Brandwein sold 2,810 shares of Postal Realty Trust stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $14.30, for a total value of $40,183.00. Following the transaction, the chief accounting officer now owns 131,715 shares in the company, valued at $1,883,524.50. This trade represents a 2.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 19,452 shares of company stock valued at $277,332 in the last three months. Company insiders own 13.60% of the company’s stock.

Postal Realty Trust Price Performance

Shares of NYSE:PSTL opened at $13.38 on Tuesday. The company has a 50 day moving average of $13.61 and a 200 day moving average of $13.62. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.90. Postal Realty Trust, Inc. has a 12 month low of $12.26 and a 12 month high of $15.15. The stock has a market cap of $315.19 million, a P/E ratio of 167.27 and a beta of 0.71.

Postal Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 1st will be issued a $0.2425 dividend. This represents a $0.97 annualized dividend and a yield of 7.25%. The ex-dividend date is Thursday, May 1st. Postal Realty Trust’s payout ratio is 461.90%.

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.