Postal Realty Trust, Inc. (NYSE:PSTL) CEO Buys $103,584.00 in Stock

Postal Realty Trust, Inc. (NYSE:PSTL) CEO Andrew Spodek purchased 7,968 shares of Postal Realty Trust stock in a transaction dated Thursday, December 19th. The shares were purchased at an average cost of $13.00 per share, with a total value of $103,584.00. Following the acquisition, the chief executive officer now owns 277,518 shares of the company’s stock, valued at approximately $3,607,734. This trade represents a 2.96 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Postal Realty Trust Trading Up 0.5 %

Shares of NYSE:PSTL opened at $12.93 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.90. The company’s 50-day moving average price is $14.11 and its 200 day moving average price is $14.11. The company has a market cap of $303.25 million, a PE ratio of 161.65, a P/E/G ratio of 2.45 and a beta of 0.66. Postal Realty Trust, Inc. has a fifty-two week low of $12.79 and a fifty-two week high of $15.15.

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

Postal Realty Trust Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PSTL. Barclays PLC raised its stake in shares of Postal Realty Trust by 269.7% during the third quarter. Barclays PLC now owns 29,480 shares of the company’s stock valued at $432,000 after purchasing an additional 21,506 shares in the last quarter. Arete Wealth Advisors LLC increased its stake in Postal Realty Trust by 11.7% during the 3rd quarter. Arete Wealth Advisors LLC now owns 18,934 shares of the company’s stock valued at $276,000 after buying an additional 1,981 shares during the period. Geode Capital Management LLC raised its position in shares of Postal Realty Trust by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 577,040 shares of the company’s stock worth $8,449,000 after buying an additional 19,600 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Postal Realty Trust by 16.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 27,600 shares of the company’s stock worth $404,000 after acquiring an additional 4,000 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of Postal Realty Trust by 166.6% in the third quarter. Jane Street Group LLC now owns 52,240 shares of the company’s stock valued at $765,000 after acquiring an additional 32,644 shares in 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.