Postal Realty Trust, Inc. (NYSE:PSTL – Get Free Report) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 295,800 shares, a growth of 27.2% from the June 30th total of 232,500 shares. Based on an average daily volume of 109,000 shares, the days-to-cover ratio is presently 2.7 days.
Postal Realty Trust Trading Up 0.5 %
Shares of PSTL opened at $14.85 on Tuesday. The business has a 50-day moving average of $13.60 and a 200 day moving average of $13.87. Postal Realty Trust has a fifty-two week low of $12.98 and a fifty-two week high of $15.18. The firm has a market cap of $336.65 million, a P/E ratio of 148.50, a price-to-earnings-growth ratio of 2.68 and a beta of 0.67. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.39 and a current ratio of 2.39.
Postal Realty Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 2nd will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 6.46%. The ex-dividend date is Friday, August 2nd. Postal Realty Trust’s dividend payout ratio (DPR) is currently 960.00%.
Insider Buying and Selling at Postal Realty Trust
Institutional Investors Weigh In On Postal Realty Trust
Several large investors have recently added to or reduced their stakes in PSTL. Foundry Partners LLC increased its holdings in Postal Realty Trust by 87.8% in the 1st quarter. Foundry Partners LLC now owns 331,731 shares of the company’s stock worth $4,750,000 after acquiring an additional 155,086 shares during the last quarter. HTLF Bank purchased a new stake in Postal Realty Trust in the 4th quarter worth about $1,861,000. Gilman Hill Asset Management LLC increased its holdings in Postal Realty Trust by 24.0% in the 1st quarter. Gilman Hill Asset Management LLC now owns 550,838 shares of the company’s stock worth $7,888,000 after acquiring an additional 106,613 shares during the last quarter. Belpointe Asset Management LLC purchased a new stake in Postal Realty Trust in the 4th quarter worth about $571,000. Finally, Prosperity Consulting Group LLC purchased a new position in Postal Realty Trust during the 1st quarter valued at about $540,000. Hedge funds and other institutional investors own 57.89% of the company’s stock.
Analyst Ratings Changes
Separately, Stifel Nicolaus reiterated a “buy” rating and set a $15.50 target price on shares of Postal Realty Trust in a research note on Monday, June 17th.
View Our Latest Analysis on Postal Realty Trust
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.
See Also
- Five stocks we like better than Postal Realty Trust
- Insider Buying Explained: What Investors Need to Know
- Why This Manufacturer is Committing to a Massive Buyback Program
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- Top 2 Cheap Healthcare Stocks to Buy as Sector Outperforms
- Why Are These Companies Considered Blue Chips?
- Healthcare Stock Rides the Acute Services Phenomenon to New Highs
Receive News & Ratings for Postal Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Postal Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.