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

Postal Realty Trust, Inc. (NYSE:PSTL - Get Free Report) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 139,800 shares, a decline of 24.8% from the March 31st total of 185,900 shares. Based on an average daily trading volume, of 96,000 shares, the short-interest ratio is presently 1.5 days.

Postal Realty Trust Stock Down 0.3 %

Postal Realty Trust stock traded down $0.04 during mid-day trading on Friday, reaching $13.73. 40,600 shares of the company were exchanged, compared to its average volume of 82,401. The business has a fifty day moving average of $13.98 and a 200 day moving average of $14.07. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.92 and a current ratio of 1.92. The firm has a market cap of $309.06 million, a P/E ratio of 124.83, a PEG ratio of 2.36 and a beta of 0.65. Postal Realty Trust has a 12-month low of $12.98 and a 12-month high of $15.71.

Postal Realty Trust (NYSE:PSTL - Get Free Report) last issued its quarterly earnings results on Monday, February 26th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.21). The business had revenue of $17.00 million for the quarter, compared to analyst estimates of $16.48 million. Postal Realty Trust had a return on equity of 1.28% and a net margin of 5.82%. During the same period in the previous year, the company posted $0.28 earnings per share. Research analysts anticipate that Postal Realty Trust will post 0.83 earnings per share for the current fiscal year.

Postal Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Friday, February 16th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 6.99%. This is an increase from Postal Realty Trust's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, February 15th. Postal Realty Trust's dividend payout ratio is presently 872.81%.

Insider Buying and Selling at Postal Realty Trust

In other Postal Realty Trust news, CEO Andrew Spodek bought 8,709 shares of the company's stock in a transaction on Tuesday, April 16th. The stock was acquired at an average price of $13.50 per share, for a total transaction of $117,571.50. Following the completion of the transaction, the chief executive officer now directly owns 246,227 shares of the company's stock, valued at $3,324,064.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Andrew Spodek purchased 8,709 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was purchased at an average price of $13.50 per share, for a total transaction of $117,571.50. Following the completion of the acquisition, the chief executive officer now owns 246,227 shares of the company's stock, valued at $3,324,064.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Treasurer Jeremy Garber sold 3,651 shares of the business's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $14.00, for a total value of $51,114.00. Following the completion of the sale, the treasurer now owns 233,020 shares of the company's stock, valued at approximately $3,262,280. The disclosure for this sale can be found here. Insiders acquired 19,819 shares of company stock worth $270,057 over the last 90 days. Company insiders own 13.60% of the company's stock.

Hedge Funds Weigh In On Postal Realty Trust

Several hedge funds have recently made changes to their positions in the company. Essex Financial Services Inc. boosted its holdings in Postal Realty Trust by 23.2% in the first quarter. Essex Financial Services Inc. now owns 37,532 shares of the company's stock valued at $537,000 after purchasing an additional 7,075 shares during the last quarter. Principle Wealth Partners LLC grew its position in shares of Postal Realty Trust by 15.5% during the 1st quarter. Principle Wealth Partners LLC now owns 15,015 shares of the company's stock valued at $215,000 after acquiring an additional 2,010 shares during the period. Gilman Hill Asset Management LLC grew its position in shares of Postal Realty Trust by 24.0% during the 1st quarter. Gilman Hill Asset Management LLC now owns 550,838 shares of the company's stock valued at $7,888,000 after acquiring an additional 106,613 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Postal Realty Trust during the 4th quarter valued at about $239,000. Finally, Belpointe Asset Management LLC acquired a new stake in shares of Postal Realty Trust during the 4th quarter valued at about $571,000. 57.89% of the stock is owned by institutional investors and hedge funds.

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.