Postal Realty Trust, Inc. (NYSE:PSTL - Get Free Report) CEO Andrew Spodek acquired 10,000 shares of the company's stock in a transaction that occurred on Wednesday, April 10th. The stock was purchased at an average cost of $13.75 per share, for a total transaction of $137,500.00. Following the acquisition, the chief executive officer now owns 237,518 shares in the company, valued at $3,265,872.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Postal Realty Trust Stock Down 0.7 %
PSTL stock opened at $13.68 on Friday. The firm's 50-day simple moving average is $14.08 and its 200 day simple moving average is $14.04. The stock has a market cap of $307.94 million, a PE ratio of 124.37, a price-to-earnings-growth ratio of 2.36 and a beta of 0.65. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.80. Postal Realty Trust, Inc. has a fifty-two week low of $12.98 and a fifty-two week high of $15.71.
Postal Realty Trust (NYSE:PSTL - Get Free Report) last announced its earnings results on Monday, February 26th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.21). Postal Realty Trust had a net margin of 5.82% and a return on equity of 1.28%. The company had revenue of $17.00 million during the quarter, compared to the consensus estimate of $16.48 million. During the same quarter in the prior year, the company earned $0.28 EPS. As a group, sell-side analysts predict that Postal Realty Trust, Inc. will post 0.83 EPS for the current year.
Postal Realty Trust Increases Dividend
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The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Friday, February 16th were given a dividend of $0.24 per share. This is a positive change from Postal Realty Trust's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.96 annualized dividend and a dividend yield of 7.02%. Postal Realty Trust's dividend payout ratio (DPR) is 872.81%.
Hedge Funds Weigh In On Postal Realty Trust
Several large investors have recently made changes to their positions in the business. White Pine Capital LLC boosted its holdings in shares of Postal Realty Trust by 1.9% in the fourth quarter. White Pine Capital LLC now owns 38,467 shares of the company's stock worth $559,000 after buying an additional 730 shares during the period. Cetera Advisor Networks LLC boosted its holdings in shares of Postal Realty Trust by 6.3% in the fourth quarter. Cetera Advisor Networks LLC now owns 12,441 shares of the company's stock worth $181,000 after buying an additional 735 shares during the period. American International Group Inc. boosted its holdings in shares of Postal Realty Trust by 8.5% in the fourth quarter. American International Group Inc. now owns 10,149 shares of the company's stock worth $148,000 after buying an additional 792 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Postal Realty Trust by 16.2% in the third quarter. Lazard Asset Management LLC now owns 5,774 shares of the company's stock worth $77,000 after buying an additional 805 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Postal Realty Trust by 9.3% in the fourth quarter. State of Alaska Department of Revenue now owns 9,685 shares of the company's stock worth $140,000 after buying an additional 823 shares during the period. Institutional investors own 57.89% of the company's stock.
About Postal Realty Trust
(
Get Free Report)
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.
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