Insider Buying: Postal Realty Trust, Inc. (NYSE:PSTL) CEO Acquires $103,584.00 in Stock

Postal Realty Trust, Inc. (NYSE:PSTL) CEO Andrew Spodek purchased 7,968 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average cost of $13.00 per share, with a total value of $103,584.00. Following the completion of the purchase, the chief executive officer now owns 277,518 shares of the company’s stock, valued at $3,607,734. This represents a 2.96 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Postal Realty Trust Stock Up 0.5 %

PSTL stock opened at $12.93 on Friday. The company has a market capitalization of $303.25 million, a price-to-earnings ratio of 161.65, a price-to-earnings-growth ratio of 2.45 and a beta of 0.66. 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 business’s 50 day moving average price is $14.11 and its two-hundred day moving average price is $14.11. Postal Realty Trust, Inc. has a fifty-two week low of $12.79 and a fifty-two week high of $15.15.

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

Postal Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 4th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 7.42%. The ex-dividend date of this dividend was Monday, November 4th. Postal Realty Trust’s payout ratio is currently 1,200.00%.

Institutional Investors Weigh In On Postal Realty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of PSTL. Renaissance Technologies LLC boosted its position in shares of Postal Realty Trust by 40.1% in the 2nd quarter. Renaissance Technologies LLC now owns 267,427 shares of the company’s stock worth $3,565,000 after purchasing an additional 76,477 shares in the last quarter. FMR LLC boosted its holdings in Postal Realty Trust by 1.4% in the third quarter. FMR LLC now owns 3,446,129 shares of the company’s stock worth $50,451,000 after acquiring an additional 46,439 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Postal Realty Trust in the second quarter worth $550,000. Jane Street Group LLC increased its holdings in shares of Postal Realty Trust by 166.6% during the third quarter. Jane Street Group LLC now owns 52,240 shares of the company’s stock valued at $765,000 after acquiring an additional 32,644 shares in the last quarter. Finally, Atom Investors LP purchased a new position in shares of Postal Realty Trust in the 3rd quarter worth about $446,000. Hedge funds and other institutional investors own 57.89% of the company’s stock.

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.