New York State Teachers Retirement System Takes Position in Postal Realty Trust, Inc. (NYSE:PSTL)

New York State Teachers Retirement System bought a new stake in Postal Realty Trust, Inc. (NYSE:PSTL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,827 shares of the company’s stock, valued at approximately $27,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC increased its position in Postal Realty Trust by 1,381.5% during the 4th quarter. International Assets Investment Management LLC now owns 8,000 shares of the company’s stock worth $116,000 after purchasing an additional 7,460 shares in the last quarter. Asset Management One Co. Ltd. increased its position 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 worth $604,000 after purchasing an additional 12,407 shares in the last quarter. State of Alaska Department of Revenue increased its position 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 worth $140,000 after purchasing an additional 823 shares in the last quarter. SG Americas Securities LLC increased its position in Postal Realty Trust by 39.6% during the 4th quarter. SG Americas Securities LLC now owns 11,165 shares of the company’s stock worth $163,000 after purchasing an additional 3,169 shares in the last quarter. Finally, North Star Investment Management Corp. increased its position 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 worth $6,205,000 after purchasing an additional 83,820 shares in the last quarter. 57.89% of the stock is currently owned by institutional investors and hedge funds.

Postal Realty Trust Price Performance

PSTL stock opened at $13.77 on Friday. Postal Realty Trust, Inc. has a 1 year low of $12.98 and a 1 year high of $15.71. 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 stock has a market cap of $309.96 million, a price-to-earnings ratio of 125.19, a P/E/G ratio of 2.32 and a beta of 0.65. The company has a 50 day simple moving average of $14.02 and a 200 day simple moving average of $14.05.

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

Postal Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Friday, February 16th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 6.97%. This is a positive change from Postal Realty Trust’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, February 15th. Postal Realty Trust’s payout ratio is presently 872.81%.

Insiders Place Their Bets

In other Postal Realty Trust news, 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 approximately $3,324,064.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Andrew Spodek acquired 8,709 shares of Postal Realty Trust stock in a transaction dated Tuesday, April 16th. The shares were bought at an average cost of $13.50 per share, with a total value of $117,571.50. Following the purchase, the chief executive officer now owns 246,227 shares in the company, valued at approximately $3,324,064.50. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Treasurer Jeremy Garber sold 3,651 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $14.00, for a total transaction of $51,114.00. Following the completion of the sale, 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. Insiders have acquired 19,819 shares of company stock valued at $270,057 in the last ninety days. 13.60% of the stock is currently owned by insiders.

Postal Realty Trust Company 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.