Short Interest in Postal Realty Trust, Inc. (NYSE:PSTL) Decreases By 32.9%

Postal Realty Trust, Inc. (NYSE:PSTL) was the target of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 140,400 shares, a decrease of 32.9% from the January 15th total of 209,300 shares. Based on an average daily trading volume, of 129,200 shares, the days-to-cover ratio is currently 1.1 days.

Postal Realty Trust Trading Down 3.3 %

NYSE PSTL traded down $0.45 on Friday, hitting $13.11. 152,548 shares of the company were exchanged, compared to its average volume of 118,930. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.57 and a quick ratio of 1.57. Postal Realty Trust has a twelve month low of $12.43 and a twelve month high of $15.15. The firm has a market capitalization of $307.50 million, a P/E ratio of 163.93, a price-to-earnings-growth ratio of 2.25 and a beta of 0.67. The company’s 50 day moving average price is $13.15 and its 200-day moving average price is $13.94.

Postal Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.2425 dividend. This represents a $0.97 annualized dividend and a dividend yield of 7.40%. The ex-dividend date is Friday, February 14th. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.24. Postal Realty Trust’s dividend payout ratio is 1,200.15%.

Insider Activity

In other Postal Realty Trust news, CEO Andrew Spodek bought 7,968 shares of Postal Realty Trust stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average cost of $13.00 per share, for a total transaction of $103,584.00. Following the completion of the acquisition, the chief executive officer now owns 277,518 shares of the company’s stock, valued at approximately $3,607,734. This represents a 2.96 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 13.60% of the company’s stock.

Hedge Funds Weigh In On Postal Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC purchased a new stake in shares of Postal Realty Trust in the fourth quarter valued at $25,000. New York State Teachers Retirement System acquired a new position in Postal Realty Trust during the fourth quarter valued at $26,000. PNC Financial Services Group Inc. raised its position in Postal Realty Trust by 42.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,703 shares of the company’s stock valued at $74,000 after buying an additional 1,701 shares during the period. SG Americas Securities LLC acquired a new stake in Postal Realty Trust during the 3rd quarter worth about $108,000. Finally, Resona Asset Management Co. Ltd. purchased a new position in Postal Realty Trust during the 4th quarter valued at about $116,000. Institutional investors and hedge funds own 57.89% of the company’s stock.

About Postal Realty Trust

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.