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

Postal Realty Trust, Inc. (NYSE:PSTL - Get Free Report) was the recipient of a significant increase in short interest in 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 company are short sold. Based on an average daily volume of 182,100 shares, the days-to-cover ratio is currently 1.4 days.

Postal Realty Trust Price Performance

Shares of PSTL traded down $0.33 during mid-day trading on Friday, hitting $13.76. The company's stock had a trading volume of 185,760 shares, compared to its average volume of 121,555. 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 1-year low of $12.26 and a 1-year high of $15.15. The firm has a market capitalization of $324.24 million, a P/E ratio of 172.07 and a beta of 0.71. The firm has a 50-day simple moving average of $13.64 and a 200 day simple moving average of $13.78.

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 issued a $0.2425 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.97 dividend on an annualized basis and a yield of 7.05%. This is an increase from Postal Realty Trust's previous quarterly dividend of $0.24. Postal Realty Trust's dividend payout ratio (DPR) is 461.90%.

Insider Buying and Selling

In related news, CAO Matt Brandwein sold 15,142 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $14.25, for a total value of $215,773.50. Following the completion of the sale, the chief accounting officer now owns 116,573 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this link. Insiders sold a total of 19,452 shares of company stock valued at $277,332 over the last three months. 13.60% of the stock is currently owned by company insiders.

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Hedge Funds Weigh In On Postal Realty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Two Sigma Advisers LP boosted its holdings in Postal Realty Trust by 159.5% during the fourth 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 in the last quarter. Two Sigma Investments LP lifted its position in shares of Postal Realty Trust by 80.1% during the 4th quarter. Two Sigma Investments LP now owns 124,235 shares of the company's stock valued at $1,621,000 after acquiring an additional 55,247 shares during the period. Sherbrooke Park Advisers LLC boosted its stake in shares of Postal Realty Trust by 23.5% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 12,717 shares of the company's stock worth $166,000 after acquiring an additional 2,420 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Postal Realty Trust by 0.3% in the 4th quarter. Nuveen Asset Management LLC now owns 302,135 shares of the company's stock worth $3,943,000 after acquiring an additional 916 shares during the period. Finally, Deutsche Bank AG increased its stake in Postal Realty Trust by 90.2% in 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 in the last quarter. 57.89% of the stock is owned by institutional investors and hedge funds.

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.