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

Postal Realty Trust, Inc. (NYSE:PSTL - Get Free Report) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 400,700 shares, a growth of 185.4% from the January 31st total of 140,400 shares. Based on an average daily volume of 141,200 shares, the short-interest ratio is currently 2.8 days.

Insider Activity

In other Postal Realty Trust news, CEO Andrew Spodek acquired 7,968 shares of the business's stock in a transaction dated Thursday, December 19th. The shares were acquired at an average price of $13.00 per share, for a total transaction of $103,584.00. Following the acquisition, the chief executive officer now directly owns 277,518 shares of the company's stock, valued at approximately $3,607,734. This trade represents a 2.96 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 13.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Postal Realty Trust

Several institutional investors have recently bought and sold shares of the company. FMR LLC lifted its stake in Postal Realty Trust by 1.4% in the 3rd quarter. FMR LLC now owns 3,446,129 shares of the company's stock valued at $50,451,000 after acquiring an additional 46,439 shares in the last quarter. Vanguard Group Inc. lifted its stake in Postal Realty Trust by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 1,255,253 shares of the company's stock valued at $16,381,000 after acquiring an additional 107,887 shares in the last quarter. Geode Capital Management LLC lifted its stake in Postal Realty Trust by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 577,040 shares of the company's stock valued at $8,449,000 after acquiring an additional 19,600 shares in the last quarter. North Star Investment Management Corp. lifted its stake in Postal Realty Trust by 1.2% in the 3rd quarter. North Star Investment Management Corp. now owns 493,290 shares of the company's stock valued at $7,222,000 after acquiring an additional 5,700 shares in the last quarter. Finally, State Street Corp lifted its stake in Postal Realty Trust by 2.0% in the 3rd quarter. State Street Corp now owns 477,091 shares of the company's stock valued at $6,985,000 after acquiring an additional 9,394 shares in the last quarter. Institutional investors own 57.89% of the company's stock.

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Postal Realty Trust Stock Up 0.3 %

Shares of NYSE:PSTL traded up $0.04 during trading on Tuesday, hitting $13.89. 184,442 shares of the company's stock traded hands, compared to its average volume of 166,750. The company has a market cap of $325.76 million, a price-to-earnings ratio of 173.65 and a beta of 0.68. The company has a 50-day moving average price of $13.10 and a 200-day moving average price of $13.83. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.90. Postal Realty Trust has a 52 week low of $12.26 and a 52 week high of $15.15.

Postal Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.2425 dividend. This is a boost from Postal Realty Trust's previous quarterly dividend of $0.24. The ex-dividend date was Friday, February 14th. This represents a $0.97 annualized dividend and a yield of 6.98%. Postal Realty Trust's payout ratio is presently 461.90%.

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.