Postal Realty Trust, Inc. (NYSE:PSTL) Short Interest Update

Postal Realty Trust, Inc. (NYSE:PSTL) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 199,400 shares, a decrease of 50.2% from the February 13th total of 400,700 shares. Based on an average trading volume of 170,000 shares, the days-to-cover ratio is currently 1.2 days. Currently, 1.0% of the company’s shares are short sold.

Postal Realty Trust Stock Up 1.1 %

PSTL stock traded up $0.16 during mid-day trading on Friday, hitting $14.24. 174,527 shares of the company were exchanged, compared to its average volume of 113,158. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market cap of $335.33 million, a P/E ratio of 177.96 and a beta of 0.68. The firm’s 50 day simple moving average is $13.27 and its 200 day simple moving average is $13.83. Postal Realty Trust has a 1-year low of $12.26 and a 1-year high of $15.15.

Postal Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.2425 per share. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.24. This represents a $0.97 annualized dividend and a yield of 6.81%. The ex-dividend date of this dividend was Friday, February 14th. Postal Realty Trust’s dividend payout ratio (DPR) is 461.90%.

Insider Activity

In related news, CEO Andrew Spodek purchased 7,968 shares of the stock in a transaction dated Thursday, December 19th. The stock was bought at an average cost of $13.00 per share, with a total value of $103,584.00. Following the purchase, the chief executive officer now directly owns 277,518 shares in the company, valued at $3,607,734. The trade was a 2.96 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 13.60% of the stock is currently owned by company insiders.

Institutional Trading of Postal Realty Trust

Hedge funds have recently bought and sold shares of the stock. Quadrant Capital Group LLC acquired a new stake in Postal Realty Trust during the 4th quarter worth approximately $25,000. New York State Teachers Retirement System acquired a new stake in shares of Postal Realty Trust in the fourth quarter valued at approximately $26,000. PNC Financial Services Group Inc. raised its holdings in shares of Postal Realty Trust by 42.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,703 shares of the company’s stock valued at $74,000 after purchasing an additional 1,701 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Postal Realty Trust by 45.2% in the fourth quarter. BNP Paribas Financial Markets now owns 8,744 shares of the company’s stock valued at $114,000 after purchasing an additional 2,720 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new stake in shares of Postal Realty Trust in the fourth quarter valued at approximately $116,000. 57.89% of the stock is currently owned by institutional investors and hedge funds.

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.