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

Postal Realty Trust, Inc. (NYSE:PSTL) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totalling 233,400 shares, a drop of 21.1% from the July 15th total of 295,800 shares. Based on an average daily trading volume, of 116,100 shares, the short-interest ratio is presently 2.0 days.

Postal Realty Trust Stock Performance

PSTL stock traded down $0.03 during midday trading on Friday, reaching $14.13. 53,100 shares of the company’s stock traded hands, compared to its average volume of 102,822. The firm has a market capitalization of $320.33 million, a PE ratio of 141.30, a price-to-earnings-growth ratio of 2.59 and a beta of 0.67. The company has a 50-day moving average price of $13.87 and a two-hundred day moving average price of $13.89. Postal Realty Trust has a 52 week low of $12.98 and a 52 week high of $15.15. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.04 and a current ratio of 2.04.

Postal Realty Trust (NYSE:PSTL) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.19). The company had revenue of $18.05 million for the quarter, compared to the consensus estimate of $17.78 million. Postal Realty Trust had a net margin of 4.93% and a return on equity of 1.10%. During the same quarter in the previous year, the firm posted $0.27 earnings per share. As a group, equities analysts anticipate that Postal Realty Trust will post 0.79 EPS for the current year.

Postal Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 2nd will be given a $0.24 dividend. The ex-dividend date is Friday, August 2nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.79%. Postal Realty Trust’s dividend payout ratio (DPR) is currently 960.00%.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus restated a “buy” rating and issued a $15.50 target price on shares of Postal Realty Trust in a research note on Monday, June 17th.

Insider Buying and Selling at Postal Realty Trust

In related news, Treasurer Jeremy Garber sold 10,000 shares of Postal Realty Trust stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $14.02, for a total transaction of $140,200.00. Following the sale, the treasurer now directly owns 223,020 shares in the company, valued at $3,126,740.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Andrew Spodek purchased 8,856 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The stock was bought at an average price of $13.00 per share, for a total transaction of $115,128.00. Following the purchase, the chief executive officer now directly owns 266,374 shares in the company, valued at approximately $3,462,862. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Treasurer Jeremy Garber sold 10,000 shares of Postal Realty Trust stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $14.02, for a total transaction of $140,200.00. Following the completion of the sale, the treasurer now directly owns 223,020 shares in the company, valued at approximately $3,126,740.40. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 17,563 shares of company stock valued at $230,496. Corporate insiders own 13.60% of the company’s stock.

Institutional Trading of Postal Realty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. D.A. Davidson & CO. increased its stake in Postal Realty Trust by 8.8% in the 4th quarter. D.A. Davidson & CO. now owns 13,659 shares of the company’s stock worth $199,000 after acquiring an additional 1,100 shares during the last quarter. Bard Associates Inc. increased its position in shares of Postal Realty Trust by 0.7% in the fourth quarter. Bard Associates Inc. now owns 163,725 shares of the company’s stock worth $2,384,000 after purchasing an additional 1,125 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Postal Realty Trust by 16.5% in the second quarter. Nisa Investment Advisors LLC now owns 8,492 shares of the company’s stock valued at $113,000 after purchasing an additional 1,200 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in Postal Realty Trust by 14.4% during the first quarter. Avantax Advisory Services Inc. now owns 12,784 shares of the company’s stock valued at $183,000 after purchasing an additional 1,612 shares during the last quarter. Finally, New York State Teachers Retirement System bought a new stake in Postal Realty Trust during the fourth quarter valued at approximately $27,000. Institutional investors own 57.89% of the company’s stock.

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.