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

Postal Realty Trust, Inc. (NYSE:PSTL) CEO Andrew Spodek acquired 1,110 shares of the 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 acquisition, 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 document filed with the Securities & Exchange Commission, which is available at 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 Price Performance

Shares of PSTL opened at $13.76 on Friday. The company has a market cap of $309.74 million, a price-to-earnings ratio of 125.10, a PEG ratio of 2.36 and a beta of 0.65. Postal Realty Trust, Inc. has a 1-year low of $12.98 and a 1-year high of $15.71. The company’s fifty day simple moving average is $14.02 and its 200 day simple moving average is $14.05. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.80.

Postal Realty Trust (NYSE:PSTL) last issued its 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 firm 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 firm posted $0.28 earnings per share. On average, research analysts forecast 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 disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Friday, February 16th were issued a $0.24 dividend. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.24. This represents a $0.96 annualized dividend and a dividend yield of 6.98%. The ex-dividend date of this dividend was Thursday, February 15th. Postal Realty Trust’s payout ratio is currently 872.81%.

Hedge Funds Weigh In On Postal Realty Trust

Several institutional investors and hedge funds have recently modified their holdings of PSTL. Advisor Group Holdings Inc. increased its holdings in shares of Postal Realty Trust by 97.4% in the first quarter. Advisor Group Holdings Inc. now owns 17,976 shares of the company’s stock valued at $302,000 after purchasing an additional 8,869 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Postal Realty Trust by 12.8% in the first quarter. Bank of New York Mellon Corp now owns 107,547 shares of the company’s stock valued at $1,809,000 after purchasing an additional 12,239 shares during the last quarter. D.A. Davidson & CO. acquired a new position in shares of Postal Realty Trust in the first quarter valued at $201,000. MetLife Investment Management LLC acquired a new position in shares of Postal Realty Trust in the first quarter valued at $153,000. Finally, Metropolitan Life Insurance Co NY increased its holdings in shares of Postal Realty Trust by 149.3% in the first quarter. Metropolitan Life Insurance Co NY now owns 2,069 shares of the company’s stock valued at $35,000 after purchasing an additional 1,239 shares during the last quarter. 57.89% of the stock is currently owned by institutional investors and hedge funds.

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.