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

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

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PSTL. Advisor Group Holdings Inc. boosted its position in Postal Realty Trust by 97.4% during the first quarter. Advisor Group Holdings Inc. now owns 17,976 shares of the company’s stock worth $302,000 after purchasing an additional 8,869 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Postal Realty Trust by 12.8% in the first quarter. Bank of New York Mellon Corp now owns 107,547 shares of the company’s stock valued at $1,809,000 after acquiring an additional 12,239 shares during the period. D.A. Davidson & CO. purchased a new stake in Postal Realty Trust in the first quarter valued at approximately $201,000. MetLife Investment Management LLC purchased a new stake in Postal Realty Trust in the first quarter valued at approximately $153,000. Finally, Metropolitan Life Insurance Co NY raised its stake in shares of Postal Realty Trust by 149.3% during the first quarter. Metropolitan Life Insurance Co NY now owns 2,069 shares of the company’s stock worth $35,000 after acquiring an additional 1,239 shares in the last quarter. Institutional investors own 57.89% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Andrew Spodek purchased 8,709 shares of Postal Realty Trust stock in a transaction dated Tuesday, April 16th. The stock was purchased at an average cost of $13.50 per share, for a total transaction of $117,571.50. Following the completion of the purchase, the chief executive officer now directly owns 246,227 shares of the company’s stock, valued at approximately $3,324,064.50. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Andrew Spodek purchased 8,709 shares of Postal Realty Trust stock in a transaction dated Tuesday, April 16th. The stock was purchased at an average cost of $13.50 per share, for a total transaction of $117,571.50. Following the completion of the purchase, the chief executive officer now directly owns 246,227 shares of the company’s stock, valued at approximately $3,324,064.50. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Treasurer Jeremy Garber sold 3,651 shares of Postal Realty Trust 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 sale, the treasurer now owns 233,020 shares of the company’s stock, valued at $3,262,280. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 19,819 shares of company stock valued at $270,057. Insiders own 13.60% of the company’s stock.

Postal Realty Trust Trading Up 2.2 %

PSTL stock opened at $13.77 on Friday. The company has a market capitalization of $309.96 million, a PE ratio of 125.19, a price-to-earnings-growth ratio of 2.32 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. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.92 and a current ratio of 1.92. The company’s 50 day moving average price is $14.02 and its two-hundred day moving average price is $14.05.

Postal Realty Trust (NYSE:PSTL) last posted its earnings results on Monday, February 26th. The company reported $0.04 EPS for the quarter, missing the consensus estimate 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 company had revenue of $17.00 million during the quarter, compared to analysts’ expectations of $16.48 million. During the same period in the prior year, the business posted $0.28 earnings per share. As a group, analysts predict that Postal Realty Trust, Inc. will post 0.83 earnings per share for the current fiscal year.

Postal Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Friday, February 16th were issued a $0.24 dividend. 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 yield of 6.97%. Postal Realty Trust’s payout ratio is 872.81%.

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.