Postal Realty Trust, Inc. (NYSE:PSTL - Get Free Report) CEO Andrew Spodek acquired 1,110 shares of the business's stock in a transaction on Thursday, April 18th. The shares were purchased at an average price of $13.50 per share, for a total transaction of $14,985.00. Following the purchase, the chief executive officer now directly owns 247,518 shares of the company's stock, valued at $3,341,493. The transaction was disclosed in a filing with the SEC, which is available through this link.
Andrew Spodek also recently made the following trade(s):
- On Tuesday, April 16th, Andrew Spodek acquired 8,709 shares of Postal Realty Trust stock. The shares were purchased at an average price of $13.50 per share, for a total transaction of $117,571.50.
- On Wednesday, April 10th, Andrew Spodek acquired 10,000 shares of Postal Realty Trust stock. The shares were purchased at an average price of $13.75 per share, for a total transaction of $137,500.00.
Postal Realty Trust Trading Down 0.2 %
Shares of NYSE PSTL opened at $13.47 on Friday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.80. The stock's 50 day moving average price is $14.02 and its two-hundred day moving average price is $14.04. The stock has a market capitalization of $303.21 million, a P/E ratio of 122.47, a PEG ratio of 2.32 and a beta of 0.65. Postal Realty Trust, Inc. has a 52-week low of $12.98 and a 52-week high of $15.71.
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Postal Realty Trust (NYSE:PSTL - Get Free Report) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.21). The company had revenue of $17.00 million for the quarter, compared to analyst estimates of $16.48 million. Postal Realty Trust had a return on equity of 1.28% and a net margin of 5.82%. During the same quarter in the previous year, the company posted $0.28 earnings per share. On average, analysts anticipate that Postal Realty Trust, Inc. will post 0.83 earnings per share for the current fiscal year.
Postal Realty Trust Increases Dividend
The business also recently declared 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 represents a $0.96 dividend on an annualized basis and a dividend yield of 7.13%. This is a boost from Postal Realty Trust's previous quarterly dividend of $0.24. The ex-dividend date was Thursday, February 15th. Postal Realty Trust's dividend payout ratio is presently 872.81%.
Institutional Trading of Postal Realty Trust
A number of institutional investors and hedge funds have recently made changes to their positions in PSTL. Hudson Bay Capital Management LP acquired a new stake in Postal Realty Trust in the 3rd quarter valued at approximately $7,654,000. BlackRock Inc. increased its position in Postal Realty Trust by 24.4% in the 1st quarter. BlackRock Inc. now owns 973,723 shares of the company's stock valued at $16,378,000 after acquiring an additional 190,989 shares during the period. Stifel Financial Corp increased its position in Postal Realty Trust by 95.8% in the 4th quarter. Stifel Financial Corp now owns 303,961 shares of the company's stock valued at $4,426,000 after acquiring an additional 148,759 shares during the period. HTLF Bank acquired a new stake in Postal Realty Trust in the 4th quarter valued at approximately $1,861,000. Finally, Gilman Hill Asset Management LLC increased its position in Postal Realty Trust by 24.0% in the 1st quarter. Gilman Hill Asset Management LLC now owns 550,838 shares of the company's stock valued at $7,888,000 after acquiring an additional 106,613 shares during the period. 57.89% of the stock is currently owned by institutional investors and hedge funds.
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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