Insider Buying: Postal Realty Trust, Inc. (NYSE:PSTL) CEO Buys 8,709 Shares of Stock

Postal Realty Trust, Inc. (NYSE:PSTL) CEO Andrew Spodek acquired 8,709 shares of Postal Realty Trust stock in a transaction that occurred on Tuesday, April 16th. The stock was bought at an average price of $13.50 per share, for a total transaction of $117,571.50. Following the completion of the acquisition, the chief executive officer now owns 246,227 shares in the company, valued at approximately $3,324,064.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Andrew Spodek also recently made the following trade(s):

• On Thursday, April 18th, Andrew Spodek acquired 1,110 shares of Postal Realty Trust stock. The stock was bought at an average price of $13.50 per share, for a total transaction of $14,985.00.
• On Wednesday, April 10th, Andrew Spodek acquired 10,000 shares of Postal Realty Trust stock. The stock was bought at an average price of $13.75 per share, for a total transaction of $137,500.00.

Postal Realty Trust Stock Down 0.2 %

Shares of PSTL opened at $13.47 on Friday. The firm has a market cap of $303.21 million, a P/E ratio of 122.47, a price-to-earnings-growth ratio of 2.32 and a beta of 0.65. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.80. The company’s 50-day moving average price is $14.02 and its 200 day moving average price is $14.04. Postal Realty Trust, Inc. has a 12-month low of $12.98 and a 12-month high of $15.71.

Postal Realty Trust (NYSE:PSTL) last released its 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). The firm had revenue of $17.00 million during the quarter, compared to analyst estimates of $16.48 million. Postal Realty Trust had a net margin of 5.82% and a return on equity of 1.28%. During the same period in the prior year, the firm earned $0.28 earnings per share. On average, sell-side analysts forecast that Postal Realty Trust, Inc. will post 0.83 earnings per share for the current year.

Postal Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Friday, February 16th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, February 15th. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.24. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.13%. Postal Realty Trust’s payout ratio is currently 872.81%.

Institutional Investors Weigh In On Postal Realty Trust

Institutional investors have recently added to or reduced their stakes in the business. FSC Wealth Advisors LLC lifted its stake in Postal Realty Trust by 100.0% during the third quarter. FSC Wealth Advisors LLC now owns 2,000 shares of the company’s stock worth $27,000 after purchasing an additional 1,000 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in Postal Realty Trust in the fourth quarter valued at approximately $27,000. Metropolitan Life Insurance Co NY lifted its stake in Postal Realty Trust by 149.3% in the first quarter. Metropolitan Life Insurance Co NY now owns 2,069 shares of the company’s stock valued at $35,000 after buying an additional 1,239 shares during the last quarter. Castleview Partners LLC purchased a new stake in Postal Realty Trust in the third quarter valued at approximately $39,000. Finally, Tower Research Capital LLC TRC lifted its stake in Postal Realty Trust by 419.0% in the third quarter. Tower Research Capital LLC TRC now owns 4,645 shares of the company’s stock valued at $63,000 after buying an additional 3,750 shares during the last quarter. Hedge funds and other institutional investors own 57.89% of the company’s stock.

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.