HTLF Bank Buys New Position in Postal Realty Trust, Inc. (NYSE:PSTL)

HTLF Bank bought a new stake in shares of Postal Realty Trust, Inc. (NYSE:PSTL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 127,836 shares of the company’s stock, valued at approximately $1,861,000. HTLF Bank owned approximately 0.59% of Postal Realty Trust at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. North Star Investment Management Corp. grew its stake in Postal Realty Trust by 24.5% during the 4th 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 during the last quarter. Hudson Bay Capital Management LP purchased a new stake in Postal Realty Trust during the 3rd quarter valued at about $7,654,000. Asset Management One Co. Ltd. grew its stake in Postal Realty Trust by 43.1% during the 4th 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 during the last quarter. State of Alaska Department of Revenue grew its stake in Postal Realty Trust by 9.3% during the 4th quarter. State of Alaska Department of Revenue now owns 9,685 shares of the company’s stock valued at $140,000 after purchasing an additional 823 shares during the last quarter. Finally, Dakota Wealth Management grew its stake in Postal Realty Trust by 20.2% during the 4th quarter. Dakota Wealth Management now owns 179,373 shares of the company’s stock valued at $2,612,000 after purchasing an additional 30,114 shares during the last quarter. 57.89% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Postal Realty Trust Stock Performance

Postal Realty Trust stock traded up $0.13 during trading hours on Friday, hitting $13.60. 18,312 shares of the stock traded hands, compared to its average volume of 98,166. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.92 and a quick ratio of 1.92. The firm’s 50 day moving average price is $14.02 and its 200-day moving average price is $14.04. The stock has a market capitalization of $306.14 million, a price-to-earnings ratio of 122.47, a P/E/G ratio of 2.32 and a beta of 0.65. Postal Realty Trust, Inc. has a 1 year low of $12.98 and a 1 year high of $15.71.

Postal Realty Trust (NYSE:PSTL) last posted its quarterly earnings results on Monday, February 26th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.21). Postal Realty Trust had a net margin of 5.82% and a return on equity of 1.28%. The firm had revenue of $17.00 million for the quarter, compared to analysts’ expectations of $16.48 million. During the same quarter in the previous year, the firm posted $0.28 EPS. As a group, equities analysts expect that Postal Realty Trust, Inc. will post 0.83 EPS for the current fiscal year.

Postal Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Friday, February 16th were paid a $0.24 dividend. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, February 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.06%. Postal Realty Trust’s dividend payout ratio is presently 872.81%.

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.