Postal Realty Trust, Inc. (NYSE:PSTL) Short Interest Up 25.5% in March

Postal Realty Trust, Inc. (NYSE:PSTL - Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 315,400 shares, an increase of 25.5% from the March 15th total of 251,400 shares. Based on an average daily volume of 175,500 shares, the short-interest ratio is presently 1.8 days. Currently, 1.6% of the shares of the company are sold short.

Insider Activity at Postal Realty Trust

In other Postal Realty Trust news, CAO Matt Brandwein sold 2,810 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $14.30, for a total value of $40,183.00. Following the sale, the chief accounting officer now directly owns 131,715 shares of the company's stock, valued at approximately $1,883,524.50. This trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 19,452 shares of company stock worth $277,332 in the last three months. Company insiders own 13.60% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Postal Realty Trust by 9.4% during the fourth quarter. Vanguard Group Inc. now owns 1,255,253 shares of the company's stock valued at $16,381,000 after acquiring an additional 107,887 shares during the last quarter. Gilman Hill Asset Management LLC raised its stake in Postal Realty Trust by 6.5% in the 1st quarter. Gilman Hill Asset Management LLC now owns 581,220 shares of the company's stock valued at $8,300,000 after purchasing an additional 35,595 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Postal Realty Trust by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 577,040 shares of the company's stock valued at $8,449,000 after purchasing an additional 19,600 shares in the last quarter. North Star Investment Management Corp. boosted its stake in Postal Realty Trust by 0.6% during the 1st quarter. North Star Investment Management Corp. now owns 494,165 shares of the company's stock worth $7,057,000 after purchasing an additional 2,775 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Postal Realty Trust by 2.0% during the third quarter. State Street Corp now owns 477,091 shares of the company's stock worth $6,985,000 after buying an additional 9,394 shares in the last quarter. Institutional investors and hedge funds own 57.89% of the company's stock.

Postal Realty Trust Price Performance

Postal Realty Trust stock traded down $0.11 during trading on Friday, reaching $13.19. The company had a trading volume of 25,898 shares, compared to its average volume of 168,129. The firm has a market capitalization of $310.76 million, a PE ratio of 164.92 and a beta of 0.71. The firm's 50-day simple moving average is $13.60 and its 200 day simple moving average is $13.64. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.57 and a current ratio of 1.57. Postal Realty Trust has a 1-year low of $12.26 and a 1-year high of $15.15.

Postal Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.2425 per share. The ex-dividend date is Thursday, May 1st. This represents a $0.97 dividend on an annualized basis and a dividend yield of 7.35%. Postal Realty Trust's dividend payout ratio is currently 461.90%.

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.