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

Postal Realty Trust, Inc. (NYSE:PSTL) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 400,700 shares, a growth of 185.4% from the January 31st total of 140,400 shares. Based on an average daily volume of 141,200 shares, the short-interest ratio is currently 2.8 days.

Insiders Place Their Bets

In other Postal Realty Trust news, CEO Andrew Spodek bought 7,968 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was purchased at an average cost of $13.00 per share, for a total transaction of $103,584.00. Following the completion of the purchase, the chief executive officer now directly owns 277,518 shares of the company’s stock, valued at approximately $3,607,734. This trade represents a 2.96 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 13.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC increased its holdings in Postal Realty Trust by 1,387.5% in the third quarter. International Assets Investment Management LLC now owns 8,464 shares of the company’s stock valued at $124,000 after purchasing an additional 7,895 shares during the period. Nisa Investment Advisors LLC increased its holdings in Postal Realty Trust by 21.6% in the third quarter. Nisa Investment Advisors LLC now owns 10,329 shares of the company’s stock valued at $151,000 after purchasing an additional 1,837 shares during the period. Janney Montgomery Scott LLC increased its holdings in Postal Realty Trust by 1.8% in the third quarter. Janney Montgomery Scott LLC now owns 168,050 shares of the company’s stock valued at $2,460,000 after purchasing an additional 3,003 shares during the period. Asset Management One Co. Ltd. increased its holdings in Postal Realty Trust by 4.6% in the third quarter. Asset Management One Co. Ltd. now owns 57,786 shares of the company’s stock valued at $846,000 after purchasing an additional 2,534 shares during the period. Finally, North Star Investment Management Corp. increased its holdings in Postal Realty Trust by 1.2% in the third quarter. North Star Investment Management Corp. now owns 493,290 shares of the company’s stock valued at $7,222,000 after purchasing an additional 5,700 shares during the period. 57.89% of the stock is currently owned by institutional investors and hedge funds.

Postal Realty Trust Price Performance

NYSE PSTL traded down $0.11 on Friday, hitting $13.94. 371,489 shares of the company’s stock were exchanged, compared to its average volume of 163,925. The stock has a 50-day moving average of $13.06 and a 200-day moving average of $13.84. The stock has a market cap of $326.82 million, a price-to-earnings ratio of 174.21 and a beta of 0.67. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.90. Postal Realty Trust has a 52 week low of $12.26 and a 52 week high of $15.15.

Postal Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.2425 per share. The ex-dividend date was Friday, February 14th. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.24. This represents a $0.97 annualized dividend and a dividend yield of 6.96%. Postal Realty Trust’s dividend payout ratio is 461.90%.

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.