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

Postal Realty Trust, Inc. (NYSE:PSTL) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 315,400 shares, a growth of 25.5% from the March 15th total of 251,400 shares. Based on an average daily trading volume, of 175,500 shares, the short-interest ratio is presently 1.8 days. Approximately 1.6% of the shares of the stock are sold short.

Insiders Place Their Bets

In other news, CAO Matt Brandwein sold 15,142 shares of Postal Realty Trust stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $14.25, for a total transaction of $215,773.50. Following the sale, the chief accounting officer now owns 116,573 shares in the company, valued at $1,661,165.25. This trade represents a 11.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders sold 19,452 shares of company stock worth $277,332. Corporate insiders own 13.60% of the company’s stock.

Institutional Investors Weigh In On Postal Realty Trust

Several large investors have recently made changes to their positions in the company. Quadrant Capital Group LLC purchased a new position in Postal Realty Trust during the 4th quarter valued at approximately $25,000. New York State Teachers Retirement System bought a new position in shares of Postal Realty Trust during the 4th quarter valued at approximately $26,000. Parallel Advisors LLC boosted its position in shares of Postal Realty Trust by 964.5% during the 1st quarter. Parallel Advisors LLC now owns 1,948 shares of the company’s stock valued at $28,000 after acquiring an additional 1,765 shares during the last quarter. NBC Securities Inc. increased its position in Postal Realty Trust by 124,900.0% in the first quarter. NBC Securities Inc. now owns 3,750 shares of the company’s stock worth $53,000 after purchasing an additional 3,747 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in 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 worth $74,000 after purchasing an additional 1,701 shares during the last quarter. 57.89% of the stock is owned by institutional investors.

Postal Realty Trust Price Performance

PSTL traded up $0.12 during trading on Friday, hitting $13.41. 159,936 shares of the company traded hands, compared to its average volume of 124,248. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.90. The company has a market cap of $315.97 million, a PE ratio of 167.68 and a beta of 0.71. The stock’s 50-day simple moving average is $13.59 and its two-hundred day simple moving average is $13.66. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.2425 per share. This is a positive change from Postal Realty Trust’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, February 14th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 7.23%. 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.