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

Postal Realty Trust, Inc. (NYSE:PSTL) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 251,400 shares, an increase of 26.1% from the February 28th total of 199,400 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average trading volume of 182,100 shares, the short-interest ratio is currently 1.4 days.

Postal Realty Trust Stock Down 0.6 %

PSTL stock opened at $14.24 on Thursday. The stock has a fifty day moving average of $13.61 and a 200-day moving average of $13.80. Postal Realty Trust has a fifty-two week low of $12.26 and a fifty-two week high of $15.15. The company has a market capitalization of $335.45 million, a price-to-earnings ratio of 178.02 and a beta of 0.68. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.2425 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.97 annualized dividend and a dividend yield of 6.81%. This is a positive change from Postal Realty Trust’s previous quarterly dividend of $0.24. Postal Realty Trust’s payout ratio is 461.90%.

Insiders Place Their Bets

In other Postal Realty Trust news, CAO Matt Brandwein sold 2,810 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $14.30, for a total transaction of $40,183.00. Following the completion of the transaction, the chief accounting officer now directly owns 131,715 shares of the company’s stock, valued at approximately $1,883,524.50. This 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 link. Over the last 90 days, insiders have sold 19,452 shares of company stock valued at $277,332. Company insiders own 13.60% of the company’s stock.

Institutional Trading of Postal Realty Trust

Institutional investors have recently modified their holdings of the business. Nuveen Asset Management LLC raised its holdings in Postal Realty Trust by 0.3% during the 4th quarter. Nuveen Asset Management LLC now owns 302,135 shares of the company’s stock valued at $3,943,000 after acquiring an additional 916 shares during the period. Essex Financial Services Inc. grew its position in shares of Postal Realty Trust by 2.1% in the fourth quarter. Essex Financial Services Inc. now owns 46,583 shares of the company’s stock valued at $608,000 after purchasing an additional 955 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Postal Realty Trust by 6.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,225 shares of the company’s stock valued at $277,000 after purchasing an additional 1,223 shares during the period. Principle Wealth Partners LLC lifted its holdings 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, HighTower Advisors LLC boosted its stake in Postal Realty Trust by 0.8% in the 3rd quarter. HighTower Advisors LLC now owns 175,218 shares of the company’s stock worth $2,564,000 after purchasing an additional 1,380 shares during the period. 57.89% of the stock is currently owned by hedge funds and other institutional investors.

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.