Andrew Spodek Buys 10,000 Shares of Postal Realty Trust, Inc. (NYSE:PSTL) Stock

Postal Realty Trust, Inc. (NYSE:PSTL) CEO Andrew Spodek bought 10,000 shares of Postal Realty Trust stock in a transaction that occurred on Wednesday, April 10th. The shares were acquired 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 approximately $3,265,872.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Postal Realty Trust Price Performance

PSTL stock opened at $13.67 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.92 and a current ratio of 1.92. Postal Realty Trust, Inc. has a 52 week low of $12.98 and a 52 week high of $15.71. The firm’s fifty day moving average is $14.08 and its 200 day moving average is $14.04. The firm has a market cap of $307.71 million, a P/E ratio of 124.28, a P/E/G ratio of 2.36 and a beta of 0.65.

Postal Realty Trust (NYSE:PSTL) last released its earnings results on Monday, February 26th. The company reported $0.04 EPS for the quarter, missing the consensus estimate 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 business had revenue of $17.00 million for the quarter, compared to the consensus estimate of $16.48 million. During the same period in the prior year, the business posted $0.28 EPS. Research analysts predict that Postal Realty Trust, Inc. will post 0.83 earnings per share for the current year.

Postal Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Friday, February 16th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date was Thursday, February 15th. This is a positive change from Postal Realty Trust’s previous quarterly dividend of $0.24. Postal Realty Trust’s dividend payout ratio (DPR) is 872.81%.

Institutional Investors Weigh In On Postal Realty Trust

A number of large investors have recently added to or reduced their stakes in the company. Gilman Hill Asset Management LLC grew its holdings 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 worth $7,888,000 after acquiring an additional 106,613 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Postal Realty Trust in the 4th quarter worth $239,000. Vanguard Group Inc. grew its holdings in Postal Realty Trust by 4.5% in the 4th quarter. Vanguard Group Inc. now owns 927,192 shares of the company’s stock worth $13,500,000 after acquiring an additional 39,562 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Postal Realty Trust by 104.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 48,966 shares of the company’s stock worth $713,000 after acquiring an additional 25,048 shares during the last quarter. Finally, American International Group Inc. grew its holdings in Postal Realty Trust by 8.5% in the 4th quarter. American International Group Inc. now owns 10,149 shares of the company’s stock worth $148,000 after acquiring an additional 792 shares during the last quarter. Institutional investors own 57.89% of the company’s stock.

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.