Short Interest in Postal Realty Trust, Inc. (NYSE:PSTL) Declines By 50.2%

Postal Realty Trust, Inc. (NYSE:PSTL - Get Free Report) was the recipient of a significant drop in short interest in February. As of February 28th, there was short interest totalling 199,400 shares, a drop of 50.2% from the February 13th total of 400,700 shares. Based on an average daily trading volume, of 170,000 shares, the days-to-cover ratio is presently 1.2 days. Approximately 1.0% of the company's shares are short sold.

Insider Buying and Selling

In other news, CEO Andrew Spodek acquired 7,968 shares of the business's stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average cost of $13.00 per share, for a total transaction of $103,584.00. Following the completion of the transaction, the chief executive officer now owns 277,518 shares in the company, valued at approximately $3,607,734. This trade represents a 2.96 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Matt Brandwein sold 2,810 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $14.30, for a total transaction of $40,183.00. Following the completion of the transaction, the chief accounting officer now owns 131,715 shares in the company, valued at $1,883,524.50. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,452 shares of company stock worth $277,332. 13.60% of the stock is owned by corporate insiders.

Remove Ads

Institutional Investors Weigh In On Postal Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC acquired a new stake in Postal Realty Trust during the fourth quarter worth $1,460,000. State Street Corp increased its stake in Postal Realty Trust by 2.0% during the third quarter. State Street Corp now owns 477,091 shares of the company's stock worth $6,985,000 after acquiring an additional 9,394 shares during the last quarter. Geode Capital Management LLC increased its stake in Postal Realty Trust by 3.5% during the third quarter. Geode Capital Management LLC now owns 577,040 shares of the company's stock worth $8,449,000 after acquiring an additional 19,600 shares during the last quarter. FMR LLC increased its stake in Postal Realty Trust by 1.4% during the third quarter. FMR LLC now owns 3,446,129 shares of the company's stock worth $50,451,000 after acquiring an additional 46,439 shares during the last quarter. Finally, Barclays PLC increased its stake in Postal Realty Trust by 269.7% during the third quarter. Barclays PLC now owns 29,480 shares of the company's stock worth $432,000 after acquiring an additional 21,506 shares during the last quarter. Institutional investors and hedge funds own 57.89% of the company's stock.

Postal Realty Trust Trading Down 0.0 %

Shares of PSTL stock traded down $0.00 during trading on Tuesday, hitting $14.26. 69,065 shares of the stock traded hands, compared to its average volume of 170,340. The firm has a market capitalization of $335.85 million, a P/E ratio of 178.21 and a beta of 0.68. Postal Realty Trust has a 52-week low of $12.26 and a 52-week high of $15.15. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.57 and a quick ratio of 1.57. The firm's fifty day moving average price is $13.31 and its 200-day moving average price is $13.82.

Postal Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.2425 per share. This is a boost from Postal Realty Trust's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.97 annualized dividend and a yield of 6.80%. Postal Realty Trust's dividend payout ratio (DPR) is 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.