Short Interest in Postal Realty Trust, Inc. (NYSE:PSTL) Increases By 26.1%

Postal Realty Trust, Inc. (NYSE:PSTL) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 251,400 shares, an increase of 26.1% from the February 28th total of 199,400 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 182,100 shares, the days-to-cover ratio is currently 1.4 days.

Postal Realty Trust Trading Down 0.2 %

Shares of Postal Realty Trust stock traded down $0.03 during midday trading on Tuesday, reaching $14.26. The company had a trading volume of 54,425 shares, compared to its average volume of 119,997. The firm has a market cap of $335.81 million, a PE ratio of 178.21 and a beta of 0.68. The stock has a fifty day moving average price of $13.56 and a 200 day moving average price of $13.79. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.57 and a quick ratio of 1.57. Postal Realty Trust has a fifty-two week low of $12.26 and a fifty-two week high of $15.15.

Postal Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.2425 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.97 dividend on an annualized basis and a yield of 6.80%. This is a boost from Postal Realty Trust’s previous quarterly dividend of $0.24. Postal Realty Trust’s dividend payout ratio is 461.90%.

Insiders Place Their Bets

In other news, CAO Matt Brandwein sold 15,142 shares of Postal Realty Trust stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $14.25, for a total transaction of $215,773.50. Following the sale, the chief accounting officer now directly owns 116,573 shares of the company’s stock, valued at approximately $1,661,165.25. This trade represents a 11.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have sold 19,452 shares of company stock valued at $277,332. 13.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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

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.