Principle Wealth Partners LLC Purchases 1,225 Shares of Postal Realty Trust, Inc. (NYSE:PSTL)

Principle Wealth Partners LLC grew its position in shares of Postal Realty Trust, Inc. (NYSE:PSTL) by 8.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,240 shares of the company’s stock after acquiring an additional 1,225 shares during the quarter. Principle Wealth Partners LLC’s holdings in Postal Realty Trust were worth $212,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC boosted its position in shares of Postal Realty Trust by 1.4% during the third quarter. FMR LLC now owns 3,446,129 shares of the company’s stock valued at $50,451,000 after buying an additional 46,439 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Postal Realty Trust by 3.5% during the third quarter. Geode Capital Management LLC now owns 577,040 shares of the company’s stock valued at $8,449,000 after buying an additional 19,600 shares during the last quarter. North Star Investment Management Corp. boosted its position in shares of Postal Realty Trust by 1.2% during the third quarter. North Star Investment Management Corp. now owns 493,290 shares of the company’s stock valued at $7,222,000 after buying an additional 5,700 shares during the last quarter. State Street Corp boosted its position in shares of Postal Realty Trust by 2.0% during the third quarter. State Street Corp now owns 477,091 shares of the company’s stock valued at $6,985,000 after buying an additional 9,394 shares during the last quarter. Finally, Foundry Partners LLC boosted its position in shares of Postal Realty Trust by 1.0% during the third quarter. Foundry Partners LLC now owns 330,761 shares of the company’s stock valued at $4,842,000 after buying an additional 3,215 shares during the last quarter. Institutional investors own 57.89% of the company’s stock.

Postal Realty Trust Stock Up 0.4 %

Shares of NYSE:PSTL opened at $13.55 on Wednesday. The stock has a market cap of $317.75 million, a price-to-earnings ratio of 169.40, a PEG ratio of 2.25 and a beta of 0.67. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.90. Postal Realty Trust, Inc. has a 12-month low of $12.43 and a 12-month high of $15.15. The business’s 50 day moving average is $13.19 and its 200 day moving average is $13.97.

Postal Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.2425 per share. This is a boost from Postal Realty Trust’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.97 annualized dividend and a dividend yield of 7.16%. Postal Realty Trust’s payout ratio is presently 1,200.15%.

Insider Activity at Postal Realty Trust

In other Postal Realty Trust news, CEO Andrew Spodek acquired 7,968 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were acquired at an average price of $13.00 per share, with a total value of $103,584.00. Following the completion of the transaction, the chief executive officer now 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 document filed with the SEC, which is accessible through this link. 13.60% of the stock is owned by 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.