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

Postal Realty Trust, Inc. (NYSE:PSTL) saw a large decline in short interest in January. As of January 31st, there was short interest totalling 140,400 shares, a decline of 32.9% from the January 15th total of 209,300 shares. Based on an average daily volume of 129,200 shares, the short-interest ratio is presently 1.1 days.

Insider Activity

In other news, CEO Andrew Spodek bought 7,968 shares of Postal Realty Trust stock in a transaction dated Thursday, December 19th. The shares were bought 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 13.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PSTL. State Street Corp raised its holdings in Postal Realty Trust by 2.0% during the 3rd quarter. State Street Corp now owns 477,091 shares of the company’s stock worth $6,985,000 after purchasing an additional 9,394 shares during the last quarter. Geode Capital Management LLC raised its holdings in Postal Realty Trust by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 577,040 shares of the company’s stock worth $8,449,000 after purchasing an additional 19,600 shares during the last quarter. FMR LLC raised its holdings in Postal Realty Trust by 1.4% during the 3rd quarter. FMR LLC now owns 3,446,129 shares of the company’s stock worth $50,451,000 after purchasing an additional 46,439 shares during the last quarter. Barclays PLC raised its holdings in Postal Realty Trust by 269.7% during the 3rd quarter. Barclays PLC now owns 29,480 shares of the company’s stock worth $432,000 after purchasing an additional 21,506 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Postal Realty Trust by 32.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 111,799 shares of the company’s stock worth $1,637,000 after purchasing an additional 27,700 shares during the last quarter. Institutional investors and hedge funds own 57.89% of the company’s stock.

Postal Realty Trust Price Performance

Shares of NYSE:PSTL traded down $0.45 on Friday, hitting $13.11. The stock had a trading volume of 152,548 shares, compared to its average volume of 118,930. The firm’s 50 day moving average price is $13.15 and its 200-day moving average price is $13.94. The company has a market capitalization of $307.50 million, a price-to-earnings ratio of 163.93, a price-to-earnings-growth ratio of 2.25 and a beta of 0.67. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.57 and a current ratio of 1.57. Postal Realty Trust has a twelve month low of $12.43 and a twelve month high of $15.15.

Postal Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.2425 per share. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.97 annualized dividend and a yield of 7.40%. Postal Realty Trust’s dividend 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.