Postal Realty Trust, Inc. (NYSE:PSTL) Sees Large Increase in Short Interest

Postal Realty Trust, Inc. (NYSE:PSTL) was the target of a large increase in short interest during 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 company’s stock are short sold. Based on an average daily volume of 175,500 shares, the short-interest ratio is presently 1.8 days.

Postal Realty Trust Stock Performance

Postal Realty Trust stock traded up $0.12 during midday trading on Friday, reaching $13.41. 159,936 shares of the company traded hands, compared to its average volume of 124,248. Postal Realty Trust has a 12 month low of $12.26 and a 12 month high of $15.15. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.57 and a quick ratio of 1.57. The business has a 50 day moving average of $13.59 and a two-hundred day moving average of $13.66. The firm has a market capitalization of $315.97 million, a price-to-earnings ratio of 167.68 and a beta of 0.71.

Postal Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.2425 dividend. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.24. This represents a $0.97 dividend on an annualized basis and a dividend yield of 7.23%. The ex-dividend date of this dividend was Friday, February 14th. Postal Realty Trust’s dividend payout ratio (DPR) is 461.90%.

Insider Buying and Selling at Postal Realty Trust

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

Institutional Trading of Postal Realty Trust

Large investors have recently modified their holdings of the company. Quadrant Capital Group LLC purchased a new position in Postal Realty Trust in the fourth quarter worth about $25,000. New York State Teachers Retirement System purchased a new stake in shares of Postal Realty Trust in the 4th quarter worth $26,000. Parallel Advisors LLC raised its holdings in Postal Realty Trust by 964.5% in the 1st quarter. Parallel Advisors LLC now owns 1,948 shares of the company’s stock worth $28,000 after purchasing an additional 1,765 shares during the period. NBC Securities Inc. lifted its position in Postal Realty Trust by 124,900.0% during the first quarter. NBC Securities Inc. now owns 3,750 shares of the company’s stock valued at $53,000 after purchasing an additional 3,747 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Postal Realty Trust by 42.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,703 shares of the company’s stock valued at $74,000 after purchasing an additional 1,701 shares during the period. Institutional investors own 57.89% of the company’s stock.

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.