Postal Realty Trust, Inc. (NYSE:PSTL) CEO Andrew Spodek Purchases 6,707 Shares of Stock

Postal Realty Trust, Inc. (NYSE:PSTLGet Free Report) CEO Andrew Spodek bought 6,707 shares of the stock in a transaction dated Tuesday, May 28th. The stock was purchased at an average price of $13.25 per share, with a total value of $88,867.75. Following the purchase, the chief executive officer now owns 256,225 shares in the company, valued at $3,394,981.25. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Andrew Spodek also recently made the following trade(s):

  • On Thursday, May 23rd, Andrew Spodek bought 2,000 shares of Postal Realty Trust stock. The stock was bought at an average cost of $13.25 per share, for a total transaction of $26,500.00.
  • On Thursday, April 18th, Andrew Spodek bought 1,110 shares of Postal Realty Trust stock. The shares were bought at an average price of $13.50 per share, for a total transaction of $14,985.00.
  • On Tuesday, April 16th, Andrew Spodek bought 8,709 shares of Postal Realty Trust stock. The shares were acquired at an average cost of $13.50 per share, with a total value of $117,571.50.
  • On Wednesday, April 10th, Andrew Spodek bought 10,000 shares of Postal Realty Trust stock. The shares were purchased at an average price of $13.75 per share, for a total transaction of $137,500.00.

Postal Realty Trust Trading Down 0.7 %

Shares of PSTL opened at $13.24 on Wednesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.39 and a quick ratio of 2.39. The firm has a market cap of $300.15 million, a P/E ratio of 132.40, a price-to-earnings-growth ratio of 2.32 and a beta of 0.65. The company has a 50 day simple moving average of $13.81 and a two-hundred day simple moving average of $14.09. Postal Realty Trust, Inc. has a 1 year low of $12.98 and a 1 year high of $15.70.

Postal Realty Trust (NYSE:PSTLGet Free Report) last announced its quarterly 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). Postal Realty Trust had a net margin of 5.42% and a return on equity of 1.19%. The business had revenue of $17.00 million during the quarter, compared to the consensus estimate of $16.48 million. During the same period in the previous year, the business posted $0.28 EPS. On average, equities analysts expect that Postal Realty Trust, Inc. will post 0.82 earnings per share for the current fiscal year.

Postal Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 8th will be issued a $0.24 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.96 annualized dividend and a dividend yield of 7.25%. Postal Realty Trust’s payout ratio is 960.00%.

Institutional Investors Weigh In On Postal Realty Trust

Several large investors have recently added to or reduced their stakes in PSTL. State of Alaska Department of Revenue lifted its holdings in shares of Postal Realty Trust by 9.3% during the 4th quarter. State of Alaska Department of Revenue now owns 9,685 shares of the company’s stock valued at $140,000 after purchasing an additional 823 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Postal Realty Trust by 7.3% in the third quarter. Commonwealth Equity Services LLC now owns 16,113 shares of the company’s stock valued at $218,000 after acquiring an additional 1,090 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of Postal Realty Trust by 8.8% in the fourth quarter. D.A. Davidson & CO. now owns 13,659 shares of the company’s stock valued at $199,000 after purchasing an additional 1,100 shares during the last quarter. Bard Associates Inc. lifted its holdings in Postal Realty Trust by 0.7% in the fourth quarter. Bard Associates Inc. now owns 163,725 shares of the company’s stock valued at $2,384,000 after acquiring an additional 1,125 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its holdings in Postal Realty Trust by 14.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 12,784 shares of the company’s stock valued at $183,000 after purchasing an additional 1,612 shares during the last quarter. 57.89% of the stock is owned by hedge funds and other institutional investors.

Postal Realty Trust Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Postal Realty Trust (NYSE:PSTL)

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