Foundry Partners LLC Increases Holdings in Postal Realty Trust, Inc. (NYSE:PSTL)

Foundry Partners LLC lifted its position in shares of Postal Realty Trust, Inc. (NYSE:PSTL) by 87.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 176,645 shares of the company’s stock after buying an additional 82,440 shares during the period. Foundry Partners LLC owned about 0.81% of Postal Realty Trust worth $2,572,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. FSC Wealth Advisors LLC raised its holdings in shares of Postal Realty Trust by 100.0% during the 3rd quarter. FSC Wealth Advisors LLC now owns 2,000 shares of the company’s stock valued at $27,000 after buying an additional 1,000 shares in the last quarter. New York State Teachers Retirement System purchased a new position in Postal Realty Trust in the 4th quarter worth approximately $27,000. Castleview Partners LLC purchased a new position in Postal Realty Trust in the 3rd quarter worth approximately $39,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Postal Realty Trust in the 3rd quarter worth approximately $75,000. Finally, Quantbot Technologies LP increased its stake in Postal Realty Trust by 81.8% in the 3rd quarter. Quantbot Technologies LP now owns 7,079 shares of the company’s stock worth $96,000 after purchasing an additional 3,186 shares during the period. 57.89% of the stock is owned by hedge funds and other institutional investors.

Postal Realty Trust Price Performance

Shares of Postal Realty Trust stock opened at $13.87 on Tuesday. 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 business’s 50 day simple moving average is $14.00 and its two-hundred day simple moving average is $14.06. The stock has a market capitalization of $312.21 million, a P/E ratio of 126.10, a price-to-earnings-growth ratio of 2.36 and a beta of 0.65. Postal Realty Trust, Inc. has a one year low of $12.98 and a one year high of $15.71.

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

Postal Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Friday, February 16th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, February 15th. This is a boost from Postal Realty Trust’s previous quarterly dividend of $0.24. This represents a $0.96 annualized dividend and a dividend yield of 6.92%. Postal Realty Trust’s payout ratio is 872.81%.

Insider Activity

In other news, Treasurer Jeremy Garber sold 3,651 shares of the business’s 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 directly owns 233,020 shares of the company’s stock, valued at $3,262,280. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Postal Realty Trust news, CEO Andrew Spodek bought 8,709 shares of Postal Realty Trust stock in a transaction dated 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 completion of the purchase, the chief executive officer now owns 246,227 shares of the company’s stock, valued at $3,324,064.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Treasurer Jeremy Garber sold 3,651 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $14.00, for a total value of $51,114.00. Following the transaction, the treasurer now directly owns 233,020 shares in the company, valued at $3,262,280. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 19,819 shares of company stock valued at $270,057. Company insiders own 13.20% of the company’s stock.

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.