Postal Realty Trust, Inc. (NYSE:PSTL) Sees Large Decline in Short Interest

Postal Realty Trust, Inc. (NYSE:PSTL) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 139,800 shares, a decline 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.

Insiders Place Their Bets

In other Postal Realty Trust news, Treasurer Jeremy Garber sold 3,651 shares of Postal Realty Trust 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 $3,262,280. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Postal Realty Trust news, CEO Andrew Spodek purchased 8,709 shares of the stock in a transaction on Tuesday, April 16th. The shares were purchased 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 directly owns 246,227 shares in the company, valued at $3,324,064.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Treasurer Jeremy Garber sold 3,651 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $14.00, for a total value of $51,114.00. Following the sale, the treasurer now owns 233,020 shares of the company’s stock, valued at approximately $3,262,280. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 19,819 shares of company stock worth $270,057. Corporate insiders own 13.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new position in Postal Realty Trust during the fourth quarter valued at approximately $27,000. FSC Wealth Advisors LLC raised its position 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 valued at $27,000 after purchasing an additional 1,000 shares in the last quarter. Castleview Partners LLC acquired a new position in Postal Realty Trust during the third quarter valued at approximately $39,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Postal Realty Trust during the third quarter valued at approximately $75,000. Finally, Quantbot Technologies LP increased its holdings 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 in the last quarter. 57.89% of the stock is currently owned by institutional investors and hedge funds.

Postal Realty Trust Stock Performance

Shares of NYSE:PSTL traded down $0.11 during trading on Friday, reaching $13.78. 6,968 shares of the stock were exchanged, compared to its average volume of 94,229. Postal Realty Trust has a 12 month low of $12.98 and a 12 month high of $15.70. The firm has a market cap of $310.22 million, a PE ratio of 138.90, a PEG ratio of 2.38 and a beta of 0.65. The stock has a 50-day moving average price of $13.95 and a 200-day moving average price of $14.08. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.80.

Postal Realty Trust (NYSE:PSTL) last issued its quarterly earnings results on Monday, February 26th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.21). The company had revenue of $17.00 million during the quarter, compared to the consensus estimate 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 quarter last year, the firm posted $0.28 earnings per share. Research analysts expect that Postal Realty Trust will post 0.83 EPS for the current fiscal year.

Postal Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 8th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.96 annualized dividend and a yield of 6.97%. Postal Realty Trust’s dividend payout ratio is currently 960.00%.

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.