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

Postal Realty Trust, Inc. (NYSE:PSTL - Get Free Report) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 341,200 shares, a decrease of 30.8% from the April 30th total of 493,100 shares. Based on an average trading volume of 202,800 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.7% of the company's stock are short sold.

Wall Street Analyst Weigh In

PSTL has been the topic of several research reports. Stifel Nicolaus cut their price target on shares of Postal Realty Trust from $16.75 to $16.50 and set a "buy" rating on the stock in a report on Thursday, May 1st. Wall Street Zen upgraded Postal Realty Trust from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th.

Insider Activity

In related news, CAO Matt Brandwein sold 15,142 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $14.25, for a total value of $215,773.50. Following the transaction, the chief accounting officer now owns 116,573 shares in the company, valued at approximately $1,661,165.25. This represents a 11.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 19,452 shares of company stock worth $277,332 over the last 90 days. 13.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Postal Realty Trust

Several hedge funds have recently bought and sold shares of PSTL. Millennium Management LLC boosted its position in Postal Realty Trust by 313.7% in the 1st quarter. Millennium Management LLC now owns 378,517 shares of the company's stock worth $5,405,000 after purchasing an additional 287,027 shares in the last quarter. Zacks Investment Management purchased a new position in shares of Postal Realty Trust during the 4th quarter valued at approximately $2,264,000. Proficio Capital Partners LLC purchased a new position in shares of Postal Realty Trust during the 4th quarter valued at approximately $1,460,000. Vanguard Group Inc. lifted its position in shares of Postal Realty Trust by 9.4% during the 4th quarter. Vanguard Group Inc. now owns 1,255,253 shares of the company's stock valued at $16,381,000 after buying an additional 107,887 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in shares of Postal Realty Trust by 443.4% during the 1st quarter. Cubist Systematic Strategies LLC now owns 116,501 shares of the company's stock valued at $1,664,000 after buying an additional 95,061 shares in the last quarter. Hedge funds and other institutional investors own 57.89% of the company's stock.

Postal Realty Trust Stock Performance

Postal Realty Trust stock traded up $0.07 during mid-day trading on Thursday, hitting $14.23. The company had a trading volume of 81,414 shares, compared to its average volume of 137,829. 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 12-month low of $12.26 and a 12-month high of $15.15. The company's fifty day moving average is $13.30 and its 200-day moving average is $13.41. The company has a market capitalization of $338.76 million, a price-to-earnings ratio of 177.90 and a beta of 0.81.

Postal Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 1st were given a $0.2425 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $0.97 annualized dividend and a yield of 6.82%. Postal Realty Trust's dividend payout ratio is presently 346.43%.

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.