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

Postal Realty Trust, Inc. (NYSE:PSTL) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 1,466,689 shares, a growth of 220.4% from the January 15th total of 457,817 shares. Approximately 6.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 371,385 shares, the days-to-cover ratio is presently 3.9 days. Based on an average daily trading volume, of 371,385 shares, the days-to-cover ratio is presently 3.9 days. Approximately 6.5% of the shares of the stock are sold short.

Postal Realty Trust Price Performance

PSTL stock traded down $0.02 during trading on Friday, reaching $18.86. 216,271 shares of the company were exchanged, compared to its average volume of 357,536. The company has a market capitalization of $491.57 million, a price-to-earnings ratio of 39.30 and a beta of 0.74. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.25 and a quick ratio of 1.25. The company has a 50-day moving average of $16.90 and a two-hundred day moving average of $15.83. Postal Realty Trust has a twelve month low of $12.26 and a twelve month high of $19.38.

Postal Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a dividend of $0.245 per share. The ex-dividend date is Friday, February 13th. This represents a $0.98 dividend on an annualized basis and a yield of 5.2%. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.24. Postal Realty Trust’s dividend payout ratio is presently 202.08%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wall Street Zen cut shares of Postal Realty Trust from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Truist Financial set a $20.00 price target on Postal Realty Trust and gave the company a “buy” rating in a research note on Tuesday, January 20th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.25.

Hedge Funds Weigh In On Postal Realty Trust

Large investors have recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new stake in shares of Postal Realty Trust during the fourth quarter valued at about $27,000. Cullen Frost Bankers Inc. raised its holdings in Postal Realty Trust by 225.2% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,026 shares of the company’s stock valued at $30,000 after buying an additional 1,403 shares during the last quarter. CWM LLC boosted its position in Postal Realty Trust by 195.5% during the 2nd quarter. CWM LLC now owns 2,237 shares of the company’s stock worth $33,000 after buying an additional 1,480 shares during the period. Ameritas Investment Partners Inc. grew its holdings in Postal Realty Trust by 45.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,258 shares of the company’s stock worth $33,000 after acquiring an additional 710 shares during the last quarter. Finally, Strs Ohio bought a new stake in Postal Realty Trust during the 1st quarter worth approximately $54,000. 57.89% of the stock is currently owned by institutional investors.

Postal Realty Trust Company Profile

Postal Realty Trust is a real estate investment trust that acquires, owns and manages single-tenant commercial properties net-leased primarily to the United States Postal Service and other government agencies. The trust focuses on facilities that support mail processing, distribution and retail operations, targeting assets that offer long-term, inflation-protected lease structures.

The company’s portfolio includes post offices, distribution centers and mail processing facilities located throughout the contiguous United States.