Postal Realty Trust, Inc. (NYSE:PSTL) Short Interest Down 24.8% in April

Postal Realty Trust, Inc. (NYSE:PSTL) saw a significant drop in short interest in April. As of April 15th, there was short interest totalling 139,800 shares, a drop of 24.8% from the March 31st total of 185,900 shares. Based on an average trading volume of 96,000 shares, the short-interest ratio is currently 1.5 days.

Postal Realty Trust Stock Performance

Shares of PSTL stock opened at $13.73 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.92 and a current ratio of 1.92. Postal Realty Trust has a one year low of $12.98 and a one year high of $15.71. The company’s 50-day simple moving average is $13.98 and its 200-day simple moving average is $14.07. The stock has a market capitalization of $309.06 million, a price-to-earnings ratio of 124.83, a PEG ratio of 2.36 and a beta of 0.65.

Postal Realty Trust (NYSE:PSTL) last issued its earnings results on Monday, February 26th. The company reported $0.04 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $16.48 million. During the same period in the prior year, the business earned $0.28 EPS. Equities analysts anticipate that Postal Realty Trust will post 0.83 earnings per share 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 $0.24 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.96 dividend on an annualized basis and a yield of 6.99%. This is a boost from Postal Realty Trust’s previous quarterly dividend of $0.24. Postal Realty Trust’s dividend payout ratio (DPR) is currently 872.81%.

Insider Activity

In other news, Treasurer Jeremy Garber sold 3,651 shares of the firm’s stock in a transaction dated 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 directly owns 233,020 shares in the company, valued at $3,262,280. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 shares were acquired at an average price of $13.50 per share, with a total value of $117,571.50. Following the completion of the transaction, the chief executive officer now owns 246,227 shares of the company’s stock, valued at approximately $3,324,064.50. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Treasurer Jeremy Garber sold 3,651 shares of the stock in a transaction dated 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 in the company, valued at approximately $3,262,280. The disclosure for this sale can be found here. Insiders acquired 19,819 shares of company stock worth $270,057 over the last ninety days. Corporate insiders own 13.60% of the company’s stock.

Hedge Funds Weigh In On Postal Realty Trust

Large investors have recently bought and sold shares of the business. FSC Wealth Advisors LLC boosted its position in shares of 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 buying an additional 1,000 shares during the period. New York State Teachers Retirement System acquired a new position in shares of Postal Realty Trust during the fourth quarter worth approximately $27,000. Castleview Partners LLC acquired a new position in shares of Postal Realty Trust during the third quarter worth approximately $39,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Postal Realty Trust during the third quarter worth approximately $75,000. Finally, Quantbot Technologies LP boosted its position in shares of Postal Realty Trust by 81.8% during the third quarter. Quantbot Technologies LP now owns 7,079 shares of the company’s stock worth $96,000 after buying an additional 3,186 shares during the period. 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.