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

Postal Realty Trust, Inc. (NYSE:PSTLGet Free Report) CEO Andrew Spodek bought 7,968 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were acquired at an average price of $13.00 per share, for a total transaction of $103,584.00. Following the completion of the purchase, the chief executive officer now owns 277,518 shares in the company, valued at approximately $3,607,734. The trade was a 2.96 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Postal Realty Trust Stock Up 0.5 %

PSTL stock opened at $12.93 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.57 and a quick ratio of 1.57. Postal Realty Trust, Inc. has a 1-year low of $12.79 and a 1-year high of $15.15. The stock has a market capitalization of $303.25 million, a P/E ratio of 161.65, a P/E/G ratio of 2.45 and a beta of 0.66. The business has a fifty day moving average price of $14.11 and a 200-day moving average price of $14.11.

Postal Realty Trust (NYSE:PSTLGet Free Report) last announced its 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 company had revenue of $19.67 million for the quarter, compared to analysts’ expectations of $18.49 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Equities analysts forecast that Postal Realty Trust, Inc. will post 0.8 earnings per share for the current fiscal year.

Postal Realty Trust Dividend Announcement

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

Hedge Funds Weigh In On Postal Realty Trust

Institutional investors have recently made changes to their positions in the business. Quest Partners LLC grew its position in Postal Realty Trust by 121,650.0% during the second quarter. Quest Partners LLC now owns 2,435 shares of the company’s stock valued at $32,000 after buying an additional 2,433 shares during the period. SG Americas Securities LLC purchased a new position in shares of Postal Realty Trust during the 3rd quarter worth $108,000. Nisa Investment Advisors LLC grew its position in shares of Postal Realty Trust by 16.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 8,492 shares of the company’s stock valued at $113,000 after acquiring an additional 1,200 shares during the period. International Assets Investment Management LLC increased its stake in shares of Postal Realty Trust by 1,387.5% in the 3rd quarter. International Assets Investment Management LLC now owns 8,464 shares of the company’s stock worth $124,000 after purchasing an additional 7,895 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. bought a new position in Postal Realty Trust in the 3rd quarter worth $154,000. Institutional investors own 57.89% of the company’s stock.

About Postal Realty Trust

(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.

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