Postal Realty Trust, Inc. (NYSE:PSTL) Sees Significant Decrease in Short Interest

Postal Realty Trust, Inc. (NYSE:PSTL - Get Free Report) was the recipient of a significant drop in short interest in January. As of January 31st, there was short interest totalling 140,400 shares, a drop of 32.9% from the January 15th total of 209,300 shares. Based on an average trading volume of 129,200 shares, the days-to-cover ratio is currently 1.1 days.

Insider Activity at Postal Realty Trust

In other Postal Realty Trust news, CEO Andrew Spodek acquired 7,968 shares of the firm'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 acquisition, the chief executive officer now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 13.60% of the company's stock.

Hedge Funds Weigh In On Postal Realty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PSTL. Two Sigma Advisers LP boosted its holdings in shares of Postal Realty Trust by 159.5% during the 4th quarter. Two Sigma Advisers LP now owns 87,700 shares of the company's stock worth $1,144,000 after buying an additional 53,900 shares during the period. Two Sigma Investments LP grew its position in shares of Postal Realty Trust by 80.1% in the fourth quarter. Two Sigma Investments LP now owns 124,235 shares of the company's stock valued at $1,621,000 after purchasing an additional 55,247 shares during the last quarter. Sherbrooke Park Advisers LLC increased its stake in shares of Postal Realty Trust by 23.5% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 12,717 shares of the company's stock worth $166,000 after purchasing an additional 2,420 shares during the period. Nuveen Asset Management LLC lifted its position in shares of Postal Realty Trust by 0.3% during the 4th quarter. Nuveen Asset Management LLC now owns 302,135 shares of the company's stock worth $3,943,000 after purchasing an additional 916 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in Postal Realty Trust by 90.2% during the 4th quarter. Deutsche Bank AG now owns 30,374 shares of the company's stock valued at $396,000 after purchasing an additional 14,406 shares during the period. Institutional investors and hedge funds own 57.89% of the company's stock.

Postal Realty Trust Stock Down 0.2 %

Shares of NYSE:PSTL traded down $0.03 on Tuesday, reaching $13.05. The company had a trading volume of 122,337 shares, compared to its average volume of 124,833. The stock has a market capitalization of $306.09 million, a P/E ratio of 163.18, a P/E/G ratio of 2.25 and a beta of 0.67. The stock has a 50-day moving average price of $13.14 and a 200 day moving average price of $13.92. Postal Realty Trust has a twelve month low of $12.43 and a twelve month high of $15.15. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.90.

Postal Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.2425 dividend. This is a positive change from Postal Realty Trust's previous quarterly dividend of $0.24. This represents a $0.97 annualized dividend and a yield of 7.43%. The ex-dividend date of this dividend is Friday, February 14th. Postal Realty Trust's payout ratio is 1,200.15%.

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.