State Street Corp Grows Stock Holdings in Postal Realty Trust, Inc. (NYSE:PSTL)

State Street Corp boosted its stake in Postal Realty Trust, Inc. (NYSE:PSTL) by 2.0% in the third quarter, Holdings Channel reports. The fund owned 477,091 shares of the company’s stock after buying an additional 9,394 shares during the quarter. State Street Corp’s holdings in Postal Realty Trust were worth $6,985,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. HighTower Advisors LLC lifted its holdings in Postal Realty Trust by 0.8% in the 3rd quarter. HighTower Advisors LLC now owns 175,218 shares of the company’s stock worth $2,564,000 after buying an additional 1,380 shares in the last quarter. Atom Investors LP purchased a new stake in shares of Postal Realty Trust during the third quarter worth about $446,000. FMR LLC lifted its stake in shares of Postal Realty Trust by 1.4% in the third quarter. FMR LLC now owns 3,446,129 shares of the company’s stock worth $50,451,000 after acquiring an additional 46,439 shares in the last quarter. Pekin Hardy Strauss Inc. purchased a new position in Postal Realty Trust in the third quarter valued at about $154,000. Finally, Penserra Capital Management LLC grew its stake in Postal Realty Trust by 22.9% during the 3rd quarter. Penserra Capital Management LLC now owns 73,273 shares of the company’s stock valued at $1,072,000 after purchasing an additional 13,640 shares in the last quarter. Institutional investors and hedge funds own 57.89% of the company’s stock.

Postal Realty Trust Stock Performance

Shares of PSTL opened at $12.98 on Friday. The firm has a market cap of $304.42 million, a price-to-earnings ratio of 162.27, a PEG ratio of 2.45 and a beta of 0.66. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.90. The business’s 50 day moving average is $13.95 and its two-hundred day moving average is $14.09. Postal Realty Trust, Inc. has a 52-week low of $12.77 and a 52-week high of $15.15.

Postal Realty Trust (NYSE:PSTL) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.23). The company had revenue of $19.67 million during the quarter, compared to analyst estimates of $18.49 million. Postal Realty Trust had a net margin of 4.55% and a return on equity of 1.06%. During the same period in the prior year, the company earned $0.27 earnings per share. Analysts forecast that Postal Realty Trust, Inc. will post 0.8 EPS for the current fiscal year.

Postal Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 4th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.96 annualized dividend and a dividend yield of 7.40%. Postal Realty Trust’s payout ratio is 1,200.00%.

Insider Buying and Selling

In other Postal Realty Trust news, CEO Andrew Spodek bought 7,968 shares of the stock in a transaction on Thursday, December 19th. The stock was purchased at an average price of $13.00 per share, for a total transaction of $103,584.00. Following the completion of the purchase, the chief executive officer now directly owns 277,518 shares in the company, valued at approximately $3,607,734. This trade represents a 2.96 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.