Insider Buying: Postal Realty Trust, Inc. (NYSE:PSTL) CEO Buys $115,128.00 in Stock

Postal Realty Trust, Inc. (NYSE:PSTL) CEO Andrew Spodek purchased 8,856 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The stock was bought at an average cost of $13.00 per share, for a total transaction of $115,128.00. Following the purchase, 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 legal 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, May 28th, Andrew Spodek acquired 6,707 shares of Postal Realty Trust stock. The stock was purchased at an average price of $13.25 per share, for a total transaction of $88,867.75.
• On Thursday, May 23rd, Andrew Spodek acquired 2,000 shares of Postal Realty Trust stock. The stock was purchased at an average price of $13.25 per share, for a total transaction of $26,500.00.
• On Thursday, April 18th, Andrew Spodek acquired 1,110 shares of Postal Realty Trust stock. The stock was purchased at an average price of $13.50 per share, for a total transaction of $14,985.00.
• On Tuesday, April 16th, Andrew Spodek acquired 8,709 shares of Postal Realty Trust stock. The stock was 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 stock was purchased at an average price of $13.75 per share, for a total transaction of $137,500.00.

Postal Realty Trust Stock Up 1.2 %

NYSE PSTL opened at $13.33 on Friday. Postal Realty Trust, Inc. has a 52 week low of $12.98 and a 52 week high of $15.70. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.79. The business’s fifty day simple moving average is $13.49 and its 200-day simple moving average is $13.94. The firm has a market cap of $302.19 million, a PE ratio of 133.30, a P/E/G ratio of 2.38 and a beta of 0.64.

Postal Realty Trust Announces Dividend

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

Wall Street Analyst Weigh In

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

Institutional Trading of Postal Realty Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Postal Realty Trust by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 935,321 shares of the company’s stock worth $13,394,000 after purchasing an additional 8,129 shares during the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of Postal Realty Trust during the 3rd quarter worth about $7,654,000. Gilman Hill Asset Management LLC increased its position in shares of Postal Realty Trust by 24.0% during the 1st quarter. Gilman Hill Asset Management LLC now owns 550,838 shares of the company’s stock worth $7,888,000 after purchasing an additional 106,613 shares during the last quarter. North Star Investment Management Corp. increased its position in shares of Postal Realty Trust by 4.0% during the 1st quarter. North Star Investment Management Corp. now owns 443,180 shares of the company’s stock worth $6,346,000 after purchasing an additional 17,000 shares during the last quarter. Finally, Foundry Partners LLC increased its position in shares of Postal Realty Trust by 87.8% during the 1st quarter. Foundry Partners LLC now owns 331,731 shares of the company’s stock worth $4,750,000 after purchasing an additional 155,086 shares during the last quarter. 57.89% of the stock is owned by institutional investors and hedge funds.

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.