Andrew Spodek Purchases 7,968 Shares of Postal Realty Trust, Inc. (NYSE:PSTL) Stock

Postal Realty Trust, Inc. (NYSE:PSTL) CEO Andrew Spodek purchased 7,968 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average price of $13.00 per share, with a total value of $103,584.00. Following the purchase, the chief executive officer now owns 277,518 shares of the company’s stock, valued at approximately $3,607,734. The trade was a 2.96 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Postal Realty Trust Trading Up 0.5 %

NYSE PSTL opened at $12.93 on Friday. The company has a market capitalization of $303.25 million, a price-to-earnings ratio of 161.65, a price-to-earnings-growth ratio of 2.45 and a beta of 0.66. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.57 and a quick ratio of 1.57. Postal Realty Trust, Inc. has a 12 month low of $12.79 and a 12 month high of $15.15. The company’s fifty day moving average price is $14.11 and its two-hundred day moving average price is $14.11.

Postal Realty Trust (NYSE:PSTL) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.23). The firm had revenue of $19.67 million during the quarter, compared to analyst estimates of $18.49 million. Postal Realty Trust had a return on equity of 1.06% and a net margin of 4.55%. During the same quarter last year, the business posted $0.27 earnings per share. As a group, research analysts predict that Postal Realty Trust, Inc. will post 0.8 earnings per share for the current fiscal year.

Postal Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 4th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 7.42%. The ex-dividend date was Monday, November 4th. Postal Realty Trust’s dividend payout ratio is currently 1,200.00%.

Hedge Funds Weigh In On Postal Realty Trust

Several large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its stake in Postal Realty Trust by 40.1% during the second quarter. Renaissance Technologies LLC now owns 267,427 shares of the company’s stock valued at $3,565,000 after purchasing an additional 76,477 shares during the last quarter. FMR LLC grew its position in shares of Postal Realty Trust by 1.4% during the 3rd quarter. FMR LLC now owns 3,446,129 shares of the company’s stock valued at $50,451,000 after buying an additional 46,439 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Postal Realty Trust during the second quarter worth about $550,000. Jane Street Group LLC lifted its holdings in Postal Realty Trust by 166.6% in the third quarter. Jane Street Group LLC now owns 52,240 shares of the company’s stock worth $765,000 after acquiring an additional 32,644 shares during the last quarter. Finally, Atom Investors LP acquired a new position in Postal Realty Trust in the third quarter valued at approximately $446,000. 57.89% of the stock is currently owned by institutional investors.

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.