Postal Realty Trust, Inc. (NYSE:PSTL) Sees Significant Increase in Short Interest

Postal Realty Trust, Inc. (NYSE:PSTL) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 400,700 shares, a growth of 185.4% from the January 31st total of 140,400 shares. Based on an average trading volume of 141,200 shares, the days-to-cover ratio is currently 2.8 days.

Insider Activity

In related news, CEO Andrew Spodek purchased 7,968 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average price of $13.00 per share, with a total value of $103,584.00. Following the acquisition, the chief executive officer now owns 277,518 shares in the company, valued at approximately $3,607,734. This trade represents a 2.96 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 13.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Zacks Investment Management bought a new stake in shares of Postal Realty Trust in the 4th quarter worth approximately $2,264,000. Proficio Capital Partners LLC acquired a new position in Postal Realty Trust in the fourth quarter worth approximately $1,460,000. Vanguard Group Inc. increased its holdings in shares of Postal Realty Trust by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 1,255,253 shares of the company’s stock valued at $16,381,000 after buying an additional 107,887 shares in the last quarter. Foundry Partners LLC lifted its position in shares of Postal Realty Trust by 21.3% during the 4th quarter. Foundry Partners LLC now owns 401,060 shares of the company’s stock valued at $5,234,000 after acquiring an additional 70,299 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Postal Realty Trust by 27.1% during the 4th quarter. Renaissance Technologies LLC now owns 321,850 shares of the company’s stock valued at $4,200,000 after acquiring an additional 68,600 shares during the last quarter. 57.89% of the stock is owned by institutional investors and hedge funds.

Postal Realty Trust Stock Performance

PSTL stock traded down $0.11 on Friday, reaching $13.94. The company’s stock had a trading volume of 371,489 shares, compared to its average volume of 163,925. The firm has a fifty day moving average of $13.04 and a two-hundred day moving average of $13.84. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market capitalization of $326.82 million, a P/E ratio of 174.21 and a beta of 0.67. Postal Realty Trust has a 52 week low of $12.26 and a 52 week high of $15.15.

Postal Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.2425 per share. This is a positive change from Postal Realty Trust’s previous quarterly dividend of $0.24. This represents a $0.97 dividend on an annualized basis and a yield of 6.96%. The ex-dividend date of this dividend is Friday, February 14th. Postal Realty Trust’s dividend payout ratio (DPR) is presently 461.90%.

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.