Postal Realty Trust, Inc. (NYSE:PSTL) Short Interest Update

Postal Realty Trust, Inc. (NYSE:PSTL) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 251,400 shares, an increase of 26.1% from the February 28th total of 199,400 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average trading volume of 182,100 shares, the days-to-cover ratio is presently 1.4 days.

Postal Realty Trust Trading Down 0.6 %

PSTL stock traded down $0.09 during trading on Wednesday, hitting $14.24. The company had a trading volume of 154,419 shares, compared to its average volume of 120,860. Postal Realty Trust has a 52-week low of $12.26 and a 52-week high of $15.15. The company has a 50 day simple moving average of $13.58 and a 200-day simple moving average of $13.79. The firm has a market capitalization of $335.45 million, a P/E ratio of 178.02 and a beta of 0.68. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.90.

Postal Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a dividend yield of 6.81%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.24. Postal Realty Trust’s payout ratio is currently 461.90%.

Insider Activity at Postal Realty Trust

In other news, CAO Matt Brandwein sold 15,142 shares of Postal Realty Trust stock in a transaction on Monday, March 17th. The stock was sold at an average price of $14.25, for a total transaction of $215,773.50. Following the completion of the sale, the chief accounting officer now directly owns 116,573 shares in the company, valued at approximately $1,661,165.25. This trade represents a 11.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 19,452 shares of company stock worth $277,332 in the last quarter. 13.60% of the stock is owned by company insiders.

Institutional Trading of Postal Realty Trust

A number of large investors have recently modified their holdings of PSTL. Nuveen Asset Management LLC raised its position in Postal Realty Trust by 0.3% during the 4th quarter. Nuveen Asset Management LLC now owns 302,135 shares of the company’s stock valued at $3,943,000 after purchasing an additional 916 shares in the last quarter. Essex Financial Services Inc. increased its stake in shares of Postal Realty Trust by 2.1% during the fourth quarter. Essex Financial Services Inc. now owns 46,583 shares of the company’s stock valued at $608,000 after buying an additional 955 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Postal Realty Trust by 6.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,225 shares of the company’s stock valued at $277,000 after acquiring an additional 1,223 shares in the last quarter. Principle Wealth Partners LLC grew its holdings in Postal Realty Trust by 8.2% during the 4th quarter. Principle Wealth Partners LLC now owns 16,240 shares of the company’s stock worth $212,000 after acquiring an additional 1,225 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in Postal Realty Trust by 0.8% during the 3rd quarter. HighTower Advisors LLC now owns 175,218 shares of the company’s stock valued at $2,564,000 after purchasing an additional 1,380 shares during the period. Hedge funds and other 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.