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

Postal Realty Trust, Inc. (NYSE:PSTL) was the recipient of a significant 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. Currently, 1.6% of the shares of the company are sold short. Based on an average trading volume of 175,500 shares, the days-to-cover ratio is currently 1.8 days.

Insider Buying and Selling

In related news, CAO Matt Brandwein sold 15,142 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $14.25, for a total transaction of $215,773.50. Following the completion of the transaction, the chief accounting officer now owns 116,573 shares in the company, valued at $1,661,165.25. The trade was a 11.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 19,452 shares of company stock worth $277,332 over the last quarter. 13.60% of the stock is owned by company insiders.

Institutional Trading of Postal Realty Trust

Several large investors have recently added to or reduced their stakes in PSTL. Nuveen Asset Management LLC increased its position in shares of Postal Realty Trust by 0.3% in the fourth quarter. Nuveen Asset Management LLC now owns 302,135 shares of the company’s stock worth $3,943,000 after acquiring an additional 916 shares in the last quarter. Essex Financial Services Inc. lifted its position in shares of Postal Realty Trust by 2.1% in the 4th quarter. Essex Financial Services Inc. now owns 46,583 shares of the company’s stock valued at $608,000 after acquiring an additional 955 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Postal Realty Trust by 6.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,225 shares of the company’s stock worth $277,000 after purchasing an additional 1,223 shares during the period. Principle Wealth Partners LLC grew its position in Postal Realty Trust by 8.2% during the 4th quarter. Principle Wealth Partners LLC now owns 16,240 shares of the company’s stock worth $212,000 after purchasing an additional 1,225 shares in the last quarter. Finally, Guggenheim Capital LLC raised its stake in Postal Realty Trust by 6.0% during the 4th quarter. Guggenheim Capital LLC now owns 29,745 shares of the company’s stock valued at $388,000 after purchasing an additional 1,671 shares during the period. 57.89% of the stock is currently owned by institutional investors and hedge funds.

Postal Realty Trust Stock Performance

Shares of PSTL traded down $0.11 during midday trading on Monday, hitting $13.32. 100,825 shares of the stock traded hands, compared to its average volume of 124,154. The firm has a market capitalization of $313.78 million, a PE ratio of 166.52 and a beta of 0.71. The business’s 50 day moving average price is $13.59 and its two-hundred day moving average price is $13.66. Postal Realty Trust has a 1-year low of $12.26 and a 1-year high of $15.15. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 7.28%. Postal Realty Trust’s dividend payout ratio (DPR) is presently 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.