Postal Realty Trust, Inc. (NYSE:PSTL) CEO Andrew Spodek Acquires 7,968 Shares

Postal Realty Trust, Inc. (NYSE:PSTL) CEO Andrew Spodek purchased 7,968 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were purchased at an average price of $13.00 per share, for a total transaction of $103,584.00. Following the purchase, 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 purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Postal Realty Trust Stock Down 0.7 %

Postal Realty Trust stock traded down $0.09 during midday trading on Thursday, hitting $12.87. 348,144 shares of the company’s stock were exchanged, compared to its average volume of 100,050. Postal Realty Trust, Inc. has a 12 month low of $12.79 and a 12 month high of $15.15. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market cap of $301.84 million, a PE ratio of 160.90, a P/E/G ratio of 2.45 and a beta of 0.66. The firm has a 50-day moving average of $14.15 and a two-hundred day moving average of $14.12.

Postal Realty Trust (NYSE:PSTL) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.23). The business had revenue of $19.67 million for the quarter, compared to analysts’ expectations of $18.49 million. Postal Realty Trust had a net margin of 4.55% and a return on equity of 1.06%. During the same period in the previous year, the business earned $0.27 earnings per share. As a group, analysts expect that Postal Realty Trust, Inc. will post 0.8 earnings per share for the current fiscal year.

Postal Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 4th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 7.46%. The ex-dividend date of this dividend was Monday, November 4th. Postal Realty Trust’s payout ratio is 1,200.00%.

Institutional Investors Weigh In On Postal Realty Trust

Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its position in Postal Realty Trust by 40.1% during the second quarter. Renaissance Technologies LLC now owns 267,427 shares of the company’s stock valued at $3,565,000 after acquiring an additional 76,477 shares during the last quarter. FMR LLC lifted its holdings in shares of Postal Realty Trust by 1.4% during the 3rd quarter. FMR LLC now owns 3,446,129 shares of the company’s stock valued at $50,451,000 after purchasing an additional 46,439 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Postal Realty Trust during the 2nd quarter valued at $550,000. Jane Street Group LLC boosted its position in shares of Postal Realty Trust by 166.6% in the 3rd quarter. Jane Street Group LLC now owns 52,240 shares of the company’s stock worth $765,000 after purchasing an additional 32,644 shares in the last quarter. Finally, Atom Investors LP purchased a new position in Postal Realty Trust during the 3rd quarter worth $446,000. Institutional investors own 57.89% of the company’s stock.

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.