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

Postal Realty Trust, Inc. (NYSE:PSTL) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 199,400 shares, a decline of 50.2% from the February 13th total of 400,700 shares. Based on an average daily trading volume, of 170,000 shares, the days-to-cover ratio is currently 1.2 days. Currently, 1.0% of the shares of the stock are sold short.

Postal Realty Trust Price Performance

NYSE PSTL traded up $0.16 on Friday, reaching $14.24. The company had a trading volume of 174,527 shares, compared to its average volume of 113,158. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $335.33 million, a PE ratio of 177.96 and a beta of 0.68. The firm’s 50 day moving average price is $13.27 and its 200 day moving average price is $13.83. Postal Realty Trust has a 12 month low of $12.26 and a 12 month high of $15.15.

Postal Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.2425 dividend. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.24. This represents a $0.97 dividend on an annualized basis and a yield of 6.81%. The ex-dividend date of this dividend was Friday, February 14th. Postal Realty Trust’s payout ratio is currently 461.90%.

Insider Activity at Postal Realty Trust

In related news, CEO Andrew Spodek purchased 7,968 shares of Postal Realty Trust stock in a transaction on Thursday, December 19th. The shares were bought at an average cost of $13.00 per share, for a total transaction of $103,584.00. Following the acquisition, the chief executive officer now owns 277,518 shares in the company, valued at approximately $3,607,734. The trade was a 2.96 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 13.60% of the stock is owned by corporate insiders.

Institutional Trading of Postal Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of PSTL. Quadrant Capital Group LLC bought a new stake in shares of Postal Realty Trust in the 4th quarter worth about $25,000. New York State Teachers Retirement System bought a new stake in shares of Postal Realty Trust in the 4th quarter worth about $26,000. PNC Financial Services Group Inc. increased its holdings in shares of Postal Realty Trust by 42.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,703 shares of the company’s stock worth $74,000 after buying an additional 1,701 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Postal Realty Trust by 45.2% in the 4th quarter. BNP Paribas Financial Markets now owns 8,744 shares of the company’s stock worth $114,000 after buying an additional 2,720 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new stake in shares of Postal Realty Trust in the 4th quarter worth about $116,000. 57.89% of the stock is currently owned by institutional investors.

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.