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

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

Postal Realty Trust Stock Down 0.6 %

Postal Realty Trust stock opened at $14.24 on Thursday. The firm has a market capitalization of $335.45 million, a price-to-earnings ratio of 178.02 and a beta of 0.68. The firm’s fifty day moving average price is $13.61 and its two-hundred day moving average price is $13.80. Postal Realty Trust has a 1-year low of $12.26 and a 1-year high of $15.15. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.90.

Postal Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.2425 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.97 dividend on an annualized basis and a yield of 6.81%. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.24. Postal Realty Trust’s payout ratio is 461.90%.

Insider Buying and Selling at Postal Realty Trust

In related 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 value of $40,183.00. Following the transaction, the chief accounting officer now directly owns 131,715 shares in the company, valued at $1,883,524.50. This trade represents a 2.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders 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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PSTL. Zacks Investment Management purchased a new position in shares of Postal Realty Trust during the fourth quarter valued at approximately $2,264,000. Proficio Capital Partners LLC purchased a new position in Postal Realty Trust during the 4th quarter worth $1,460,000. Vanguard Group Inc. boosted its holdings in Postal Realty Trust by 9.4% during the 4th quarter. Vanguard Group Inc. now owns 1,255,253 shares of the company’s stock worth $16,381,000 after acquiring an additional 107,887 shares during the last quarter. Foundry Partners LLC raised its holdings in shares of Postal Realty Trust by 21.3% in the fourth quarter. Foundry Partners LLC now owns 401,060 shares of the company’s stock valued at $5,234,000 after purchasing an additional 70,299 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Postal Realty Trust by 27.1% in the fourth quarter. Renaissance Technologies LLC now owns 321,850 shares of the company’s stock valued at $4,200,000 after purchasing an additional 68,600 shares during the last quarter. 57.89% of the stock is owned by institutional investors.

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.