Geode Capital Management LLC Acquires 19,600 Shares of Postal Realty Trust, Inc. (NYSE:PSTL)

Geode Capital Management LLC lifted its holdings in Postal Realty Trust, Inc. (NYSE:PSTL) by 3.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 577,040 shares of the company’s stock after buying an additional 19,600 shares during the quarter. Geode Capital Management LLC’s holdings in Postal Realty Trust were worth $8,449,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of PSTL. Barclays PLC increased its position in shares of Postal Realty Trust by 269.7% in the third quarter. Barclays PLC now owns 29,480 shares of the company’s stock valued at $432,000 after acquiring an additional 21,506 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Postal Realty Trust by 16.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 27,600 shares of the company’s stock valued at $404,000 after purchasing an additional 4,000 shares in the last quarter. Jane Street Group LLC increased 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 purchasing an additional 32,644 shares during the last quarter. State Street Corp increased its position in shares of Postal Realty Trust by 2.0% during the 3rd quarter. State Street Corp now owns 477,091 shares of the company’s stock worth $6,985,000 after purchasing an additional 9,394 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of Postal Realty Trust by 0.8% during the 3rd quarter. HighTower Advisors LLC now owns 175,218 shares of the company’s stock worth $2,564,000 after purchasing an additional 1,380 shares in the last quarter. 57.89% of the stock is owned by institutional investors.

Postal Realty Trust Stock Performance

Shares of PSTL stock opened at $12.89 on Friday. The company has a fifty day moving average price of $13.86 and a two-hundred day moving average price of $14.10. Postal Realty Trust, Inc. has a one year low of $12.77 and a one year high of $15.15. The stock has a market cap of $302.31 million, a P/E ratio of 161.15, a P/E/G ratio of 2.45 and a beta of 0.67. 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 (NYSE:PSTL) last issued its 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 firm 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 quarter last year, the business posted $0.27 earnings per share. As a group, equities analysts predict that Postal Realty Trust, Inc. will post 0.8 EPS for the current year.

Postal Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 4th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.45%. The ex-dividend date was Monday, November 4th. Postal Realty Trust’s payout ratio is presently 1,200.00%.

Insider Activity at Postal Realty Trust

In other news, CEO Andrew Spodek acquired 7,968 shares of Postal Realty Trust stock in a transaction dated Thursday, December 19th. The stock was bought at an average price of $13.00 per share, for a total transaction of $103,584.00. Following the completion of the acquisition, the chief executive officer now directly owns 277,518 shares in the company, valued at approximately $3,607,734. The trade was a 2.96 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 13.20% of the stock is owned by company insiders.

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.