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

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

Postal Realty Trust Stock Up 0.4 %

NYSE PSTL traded up $0.06 during trading on Thursday, hitting $13.50. 46,910 shares of the company traded hands, compared to its average volume of 124,472. Postal Realty Trust has a 12 month low of $12.26 and a 12 month high of $15.15. The business has a fifty day simple moving average of $13.60 and a 200 day simple moving average of $13.65. 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 capitalization of $317.90 million, a P/E ratio of 168.70 and a beta of 0.71.

Postal Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.2425 per share. The ex-dividend date is Thursday, May 1st. This represents a $0.97 annualized dividend and a yield of 7.19%. Postal Realty Trust's dividend payout ratio (DPR) is currently 461.90%.

Insider Buying and Selling

In other Postal Realty Trust news, CAO Matt Brandwein sold 2,810 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $14.30, for a total transaction of $40,183.00. Following the transaction, the chief accounting officer now directly owns 131,715 shares in the company, valued at $1,883,524.50. This trade represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 19,452 shares of company stock worth $277,332. Corporate insiders own 13.60% of the company's stock.

Hedge Funds Weigh In On Postal Realty Trust

Institutional investors have recently bought and sold shares of the stock. Proficio Capital Partners LLC bought a new position in Postal Realty Trust during the fourth quarter valued at about $1,460,000. State Street Corp increased its stake in shares of Postal Realty Trust by 2.0% in the third quarter. State Street Corp now owns 477,091 shares of the company's stock worth $6,985,000 after purchasing an additional 9,394 shares during the period. Geode Capital Management LLC increased its stake in shares of Postal Realty Trust by 3.5% in the third quarter. Geode Capital Management LLC now owns 577,040 shares of the company's stock worth $8,449,000 after purchasing an additional 19,600 shares during the period. Barclays PLC increased its stake in shares of Postal Realty Trust by 269.7% in the third quarter. Barclays PLC now owns 29,480 shares of the company's stock worth $432,000 after purchasing an additional 21,506 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Postal Realty Trust by 32.9% in the third quarter. JPMorgan Chase & Co. now owns 111,799 shares of the company's stock worth $1,637,000 after purchasing an additional 27,700 shares during the period. 57.89% of the stock is currently owned by institutional investors.

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.