Postal Realty Trust, Inc. (NYSE:PSTL) CEO Andrew Spodek Purchases 1,110 Shares

Postal Realty Trust, Inc. (NYSE:PSTL) CEO Andrew Spodek acquired 1,110 shares of Postal Realty Trust stock in a transaction that occurred on Thursday, April 18th. The stock was purchased at an average cost of $13.50 per share, with a total value of $14,985.00. Following the completion of the purchase, the chief executive officer now owns 247,518 shares in the company, valued at approximately $3,341,493. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 purchased at an average cost of $13.50 per share, with a total value 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 cost of $13.75 per share, with a total value of $137,500.00.

Postal Realty Trust Stock Down 0.2 %

Shares of PSTL opened at $13.47 on Friday. Postal Realty Trust, Inc. has a 52-week low of $12.98 and a 52-week high of $15.71. The company has a market capitalization of $303.21 million, a PE ratio of 122.47, a price-to-earnings-growth ratio of 2.32 and a beta of 0.65. The stock has a fifty day simple moving average of $14.02 and a two-hundred day simple moving average of $14.04. The company has a quick ratio of 1.92, a current 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.21). Postal Realty Trust had a return on equity of 1.28% and a net margin of 5.82%. The company had revenue of $17.00 million during the quarter, compared to analyst estimates of $16.48 million. During the same period last year, the business earned $0.28 earnings per share. As a group, equities analysts forecast that Postal Realty Trust, Inc. will post 0.83 EPS for the current year.

Postal Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Friday, February 16th were paid a $0.24 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.24. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.13%. Postal Realty Trust’s dividend payout ratio (DPR) is 872.81%.

Hedge Funds Weigh In On Postal Realty Trust

Hedge funds have recently modified their holdings of the business. Gilman Hill Asset Management LLC boosted its holdings in 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 valued at $7,888,000 after acquiring an additional 106,613 shares during the period. Quadrature Capital Ltd purchased a new position in Postal Realty Trust during the 4th quarter valued at about $239,000. Vanguard Group Inc. boosted its holdings in Postal Realty Trust by 4.5% during the 4th quarter. Vanguard Group Inc. now owns 927,192 shares of the company’s stock valued at $13,500,000 after acquiring an additional 39,562 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Postal Realty Trust by 104.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 48,966 shares of the company’s stock valued at $713,000 after acquiring an additional 25,048 shares during the period. Finally, American International Group Inc. boosted its holdings in Postal Realty Trust by 8.5% during the 4th quarter. American International Group Inc. now owns 10,149 shares of the company’s stock valued at $148,000 after acquiring an additional 792 shares during the period. 57.89% of the stock is currently owned by hedge funds and other institutional investors.

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.