Andrew Spodek Acquires 1,110 Shares of Postal Realty Trust, Inc. (NYSE:PSTL) Stock

Postal Realty Trust, Inc. (NYSE:PSTL) CEO Andrew Spodek acquired 1,110 shares of the stock in a transaction dated Thursday, April 18th. The stock was bought at an average price of $13.50 per share, for a total transaction of $14,985.00. Following the purchase, the chief executive officer now owns 247,518 shares of the company’s stock, valued at approximately $3,341,493. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Andrew Spodek also recently made the following trade(s):

• On Tuesday, April 16th, Andrew Spodek acquired 8,709 shares of Postal Realty Trust stock. The stock was bought at an average price of $13.50 per share, for a total transaction of $117,571.50.
• On Wednesday, April 10th, Andrew Spodek bought 10,000 shares of Postal Realty Trust stock. The stock was purchased at an average cost of $13.75 per share, with a total value of $137,500.00.

Postal Realty Trust Stock Up 2.2 %

Shares of PSTL stock opened at $13.77 on Friday. The stock has a market cap of $309.96 million, a P/E ratio of 125.19, a price-to-earnings-growth ratio of 2.31 and a beta of 0.65. Postal Realty Trust, Inc. has a one year low of $12.98 and a one year high of $15.71. The stock has a fifty day moving average price of $14.02 and a 200 day moving average price of $14.05. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.92 and a quick ratio of 1.92.

Postal Realty Trust (NYSE:PSTL) last issued its earnings results on Monday, February 26th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.21). The firm had revenue of $17.00 million during the quarter, compared to the consensus estimate of $16.48 million. Postal Realty Trust had a return on equity of 1.28% and a net margin of 5.82%. During the same period last year, the business earned $0.28 earnings per share. Analysts predict that Postal Realty Trust, Inc. will post 0.83 earnings per share for the current year.

Postal Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Friday, February 16th were given a $0.24 dividend. This is a boost from Postal Realty Trust’s previous quarterly dividend of $0.24. This represents a $0.96 annualized dividend and a yield of 6.97%. The ex-dividend date was Thursday, February 15th. Postal Realty Trust’s dividend payout ratio (DPR) is 872.81%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Holdings Inc. lifted its holdings in shares of Postal Realty Trust by 97.4% during the first quarter. Advisor Group Holdings Inc. now owns 17,976 shares of the company’s stock valued at $302,000 after acquiring an additional 8,869 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Postal Realty Trust by 12.8% during the first quarter. Bank of New York Mellon Corp now owns 107,547 shares of the company’s stock valued at $1,809,000 after acquiring an additional 12,239 shares during the period. D.A. Davidson & CO. bought a new position in shares of Postal Realty Trust during the first quarter valued at $201,000. MetLife Investment Management LLC bought a new position in shares of Postal Realty Trust during the first quarter valued at $153,000. Finally, Metropolitan Life Insurance Co NY lifted its holdings in shares of Postal Realty Trust by 149.3% during the first quarter. Metropolitan Life Insurance Co NY now owns 2,069 shares of the company’s stock valued at $35,000 after acquiring an additional 1,239 shares during the period. 57.89% of the stock is owned by institutional investors.

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.