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

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

Postal Realty Trust Trading Down 0.7 %

NYSE PSTL traded down $0.11 on Friday, hitting $13.94. 371,489 shares of the stock were exchanged, compared to its average volume of 163,925. The company’s 50-day moving average price is $13.04 and its two-hundred day moving average price is $13.84. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.57 and a quick ratio of 1.57. Postal Realty Trust has a 52-week low of $12.26 and a 52-week high of $15.15. The company has a market capitalization of $326.82 million, a price-to-earnings ratio of 174.21 and a beta of 0.67.

Postal Realty Trust Increases Dividend

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

Insiders Place Their Bets

In other news, CEO Andrew Spodek purchased 7,968 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were acquired at an average price of $13.00 per share, for a total transaction of $103,584.00. Following the completion of the acquisition, the chief executive officer now directly owns 277,518 shares of the company’s stock, valued at $3,607,734. The trade was a 2.96 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 13.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PSTL. State Street Corp grew its stake in Postal Realty Trust by 2.0% during the 3rd quarter. State Street Corp now owns 477,091 shares of the company’s stock valued at $6,985,000 after acquiring an additional 9,394 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Postal Realty Trust by 3.5% during the third quarter. Geode Capital Management LLC now owns 577,040 shares of the company’s stock worth $8,449,000 after purchasing an additional 19,600 shares during the period. FMR LLC grew its position in Postal Realty Trust by 1.4% during the third quarter. FMR LLC now owns 3,446,129 shares of the company’s stock valued at $50,451,000 after purchasing an additional 46,439 shares in the last quarter. Barclays PLC grew its position in Postal Realty Trust by 269.7% during the third quarter. Barclays PLC now owns 29,480 shares of the company’s stock valued at $432,000 after purchasing an additional 21,506 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Postal Realty Trust by 32.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 111,799 shares of the company’s stock valued at $1,637,000 after buying an additional 27,700 shares during the period. 57.89% of the stock is owned by institutional investors and hedge funds.

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.