Insider Buying: Postal Realty Trust, Inc. (NYSE:PSTL) CEO Buys 8,856 Shares of Stock

Postal Realty Trust, Inc. (NYSE:PSTL) CEO Andrew Spodek bought 8,856 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were acquired at an average price of $13.00 per share, for a total transaction of $115,128.00. Following the transaction, the chief executive officer now directly owns 266,374 shares in the company, valued at approximately $3,462,862. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Andrew Spodek also recently made the following trade(s):

• On Tuesday, May 28th, Andrew Spodek bought 6,707 shares of Postal Realty Trust stock. The shares were acquired at an average price of $13.25 per share, for a total transaction of $88,867.75.
• On Thursday, May 23rd, Andrew Spodek bought 2,000 shares of Postal Realty Trust stock. The shares were acquired at an average price of $13.25 per share, for a total transaction of $26,500.00.
• On Thursday, April 18th, Andrew Spodek bought 1,110 shares of Postal Realty Trust stock. The shares were acquired at an average price of $13.50 per share, for a total transaction of $14,985.00.
• On Tuesday, April 16th, Andrew Spodek bought 8,709 shares of Postal Realty Trust stock. The shares were acquired at an average price of $13.50 per share, for a total transaction of $117,571.50.
• On Wednesday, April 10th, Andrew Spodek purchased 10,000 shares of Postal Realty Trust stock. The stock was purchased at an average price of $13.75 per share, for a total transaction of $137,500.00.

Postal Realty Trust Price Performance

PSTL stock opened at $13.33 on Friday. Postal Realty Trust, Inc. has a 1 year low of $12.98 and a 1 year high of $15.70. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.39 and a current ratio of 2.39. The stock’s 50 day moving average price is $13.49 and its 200 day moving average price is $13.94. The firm has a market cap of $302.19 million, a P/E ratio of 133.30, a PEG ratio of 2.36 and a beta of 0.64.

Postal Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 8th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.20%. The ex-dividend date of this dividend was Tuesday, May 7th. Postal Realty Trust’s dividend payout ratio is presently 960.00%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. New York State Teachers Retirement System purchased a new position in shares of Postal Realty Trust during the 4th quarter worth $27,000. International Assets Investment Management LLC lifted its stake in shares of Postal Realty Trust by 1,381.5% during the 4th quarter. International Assets Investment Management LLC now owns 8,000 shares of the company’s stock worth $116,000 after purchasing an additional 7,460 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Postal Realty Trust by 9.3% during the 4th quarter. State of Alaska Department of Revenue now owns 9,685 shares of the company’s stock worth $140,000 after purchasing an additional 823 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Postal Realty Trust by 89.4% during the 1st quarter. BNP Paribas Financial Markets now owns 9,951 shares of the company’s stock worth $142,000 after purchasing an additional 4,698 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of Postal Realty Trust by 39.6% during the 4th quarter. SG Americas Securities LLC now owns 11,165 shares of the company’s stock worth $163,000 after purchasing an additional 3,169 shares during the period. Hedge funds and other institutional investors own 57.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus restated a “buy” rating and issued a $15.50 price target on shares of Postal Realty Trust in a report on Monday, June 17th.

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.