Postal Realty Trust, Inc. (NYSE:PSTL) Short Interest Update


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Postal Realty Trust, Inc. (NYSE:PSTL) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 20,600 shares, a decline of 33.8% from the March 15th total of 31,100 shares. Based on an average daily trading volume, of 80,300 shares, the short-interest ratio is currently 0.3 days.

Large investors have recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Postal Realty Trust by 57.3% during the 3rd quarter. BlackRock Inc. now owns 31,982 shares of the company’s stock worth $484,000 after buying an additional 11,645 shares during the last quarter. Ancora Advisors LLC lifted its position in shares of Postal Realty Trust by 2.2% during the 4th quarter. Ancora Advisors LLC now owns 317,748 shares of the company’s stock worth $5,364,000 after buying an additional 6,910 shares during the last quarter. Punch & Associates Investment Management Inc. lifted its position in shares of Postal Realty Trust by 12.4% during the 4th quarter. Punch & Associates Investment Management Inc. now owns 257,529 shares of the company’s stock worth $4,347,000 after buying an additional 28,409 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Postal Realty Trust during the 4th quarter worth approximately $386,000. Finally, North Star Investment Management Corp. lifted its position in shares of Postal Realty Trust by 111.4% during the 4th quarter. North Star Investment Management Corp. now owns 67,800 shares of the company’s stock worth $1,144,000 after buying an additional 35,725 shares during the last quarter. Institutional investors and hedge funds own 67.22% of the company’s stock.

NYSE:PSTL traded up $0.03 during mid-day trading on Friday, hitting $18.47. 50,493 shares of the stock traded hands, compared to its average volume of 80,172. Postal Realty Trust has a 52 week low of $12.65 and a 52 week high of $19.48. The firm’s 50 day moving average is $16.83 and its two-hundred day moving average is $16.02. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $246.15 million, a price-to-earnings ratio of -51.30 and a beta of 0.37.

Postal Realty Trust (NYSE:PSTL) last issued its quarterly earnings results on Monday, March 22nd. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.16). Postal Realty Trust had a negative return on equity of 2.33% and a negative net margin of 9.51%. As a group, research analysts predict that Postal Realty Trust will post 0.74 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 26th. Stockholders of record on Friday, February 12th were given a dividend of $0.2175 per share. This represents a $0.87 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend was Thursday, February 11th. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.22.

PSTL has been the topic of a number of research reports. TheStreet downgraded shares of Postal Realty Trust from a “c” rating to a “d+” rating in a report on Friday, March 19th. Zacks Investment Research upgraded shares of Postal Realty Trust from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Tuesday, March 30th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Postal Realty Trust has an average rating of “Buy” and a consensus target price of $17.92.

Postal Realty Trust Company Profile

Postal Realty Trust, Inc is an internally managed real estate investment trust that owns and manages over 1,000 properties leased to the USPS. The Company believes it is one of the largest owners and managers of properties leased to the USPS.

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