Insider Buying: Postal Realty Trust, Inc. (NYSE:PSTL) CEO Acquires 1,110 Shares of Stock

Postal Realty Trust, Inc. (NYSE:PSTL) CEO Andrew Spodek acquired 1,110 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was acquired at an average price of $13.50 per share, for a total transaction of $14,985.00. Following the completion of the transaction, the chief executive officer now owns 247,518 shares in the company, valued at approximately $3,341,493. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 stock was acquired 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 stock was acquired at an average price of $13.75 per share, for a total transaction of $137,500.00.

Postal Realty Trust Stock Down 0.2 %

Shares of PSTL traded down $0.03 on Thursday, reaching $13.47. The stock had a trading volume of 112,257 shares, compared to its average volume of 99,243. The firm has a market capitalization of $303.21 million, a price-to-earnings ratio of 122.47, a price-to-earnings-growth ratio of 2.34 and a beta of 0.65. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.92 and a current ratio of 1.92. The company has a 50-day simple moving average of $14.04 and a 200-day simple moving average of $14.05. Postal Realty Trust, Inc. has a 12-month low of $12.98 and a 12-month high of $15.71.

Postal Realty Trust (NYSE:PSTL) last released its earnings results on Monday, February 26th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.21). The firm had revenue of $17.00 million during the quarter, compared to analysts’ expectations of $16.48 million. Postal Realty Trust had a net margin of 5.82% and a return on equity of 1.28%. During the same quarter in the previous year, the business earned $0.28 EPS. Sell-side 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. Shareholders of record on Friday, February 16th were paid a dividend of $0.24 per share. This is a boost 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 dividend on an annualized basis and a yield of 7.13%. Postal Realty Trust’s payout ratio is presently 872.81%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Gilman Hill Asset Management LLC raised its stake in Postal Realty Trust by 24.0% during the first quarter. Gilman Hill Asset Management LLC now owns 550,838 shares of the company’s stock valued at $7,888,000 after buying an additional 106,613 shares during the last quarter. Quadrature Capital Ltd purchased a new position in Postal Realty Trust during the fourth quarter valued at $239,000. Vanguard Group Inc. raised its stake in Postal Realty Trust by 4.5% during the fourth quarter. Vanguard Group Inc. now owns 927,192 shares of the company’s stock valued at $13,500,000 after buying an additional 39,562 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Postal Realty Trust by 104.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 48,966 shares of the company’s stock valued at $713,000 after buying an additional 25,048 shares during the last quarter. Finally, American International Group Inc. raised its stake in Postal Realty Trust by 8.5% during the fourth quarter. American International Group Inc. now owns 10,149 shares of the company’s stock valued at $148,000 after buying an additional 792 shares during the last quarter. Hedge funds and other institutional investors own 57.89% of the company’s stock.

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.