Postal Realty Trust, Inc. (NYSE:PSTL) CEO Andrew Spodek Purchases 10,000 Shares

Postal Realty Trust, Inc. (NYSE:PSTL) CEO Andrew Spodek bought 10,000 shares of the firm’s stock in a transaction on Wednesday, April 10th. The stock was purchased at an average price of $13.75 per share, for a total transaction of $137,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 237,518 shares in the company, valued at $3,265,872.50. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Postal Realty Trust Stock Performance

Shares of PSTL stock opened at $13.68 on Friday. The firm’s 50 day moving average price is $14.08 and its 200-day moving average price is $14.04. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.92 and a current ratio of 1.92. Postal Realty Trust, Inc. has a one year low of $12.98 and a one year high of $15.71. The firm has a market cap of $307.94 million, a P/E ratio of 124.37, a P/E/G ratio of 2.36 and a beta of 0.65.

Postal Realty Trust (NYSE:PSTL) last issued its quarterly earnings data on Monday, February 26th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.21). Postal Realty Trust had a return on equity of 1.28% and a net margin of 5.82%. The company had revenue of $17.00 million during the quarter, compared to analyst estimates of $16.48 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. As a group, equities research analysts predict that Postal Realty Trust, Inc. will post 0.83 EPS for the current year.

Postal Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Friday, February 16th were issued a $0.24 dividend. This is a positive change from Postal Realty Trust’s previous quarterly dividend of $0.24. This represents a $0.96 annualized dividend and a dividend yield of 7.02%. The ex-dividend date of this dividend was Thursday, February 15th. Postal Realty Trust’s dividend payout ratio is currently 872.81%.

Hedge Funds Weigh In On Postal Realty Trust

Several large investors have recently made changes to their positions in PSTL. FSC Wealth Advisors LLC lifted its holdings in shares of Postal Realty Trust by 100.0% in the 3rd quarter. FSC Wealth Advisors LLC now owns 2,000 shares of the company’s stock worth $27,000 after acquiring an additional 1,000 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in Postal Realty Trust during the 4th quarter worth approximately $27,000. Metropolitan Life Insurance Co NY lifted its holdings in Postal Realty Trust by 149.3% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 2,069 shares of the company’s stock worth $35,000 after buying an additional 1,239 shares in the last quarter. Castleview Partners LLC acquired a new stake in Postal Realty Trust during the 3rd quarter worth approximately $39,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Postal Realty Trust by 419.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,645 shares of the company’s stock worth $63,000 after buying an additional 3,750 shares in the last quarter. 57.89% of the stock is currently owned by institutional investors and hedge funds.

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.