Postal Realty Trust, Inc. (NYSE:PSTL) CEO Andrew Spodek Acquires 8,709 Shares

Postal Realty Trust, Inc. (NYSE:PSTL) CEO Andrew Spodek bought 8,709 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The shares were acquired at an average price of $13.50 per share, for a total transaction of $117,571.50. Following the completion of the transaction, the chief executive officer now owns 246,227 shares in the company, valued at $3,324,064.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, April 18th, Andrew Spodek bought 1,110 shares of Postal Realty Trust stock. The stock was purchased at an average price of $13.50 per share, with a total value of $14,985.00.
• On Wednesday, April 10th, Andrew Spodek purchased 10,000 shares of Postal Realty Trust stock. The stock was bought at an average cost of $13.75 per share, for a total transaction of $137,500.00.

Postal Realty Trust Price Performance

NYSE:PSTL traded down $0.11 during trading hours on Friday, hitting $13.78. The stock had a trading volume of 6,968 shares, compared to its average volume of 94,229. Postal Realty Trust, Inc. has a one year low of $12.98 and a one year high of $15.70. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a market capitalization of $310.22 million, a price-to-earnings ratio of 138.90, a P/E/G ratio of 2.38 and a beta of 0.65. The company has a 50 day simple moving average of $13.95 and a two-hundred day simple moving average of $14.08.

Postal Realty Trust (NYSE:PSTL) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.04 EPS for the quarter, missing the consensus estimate 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 business had revenue of $17.00 million for the quarter, compared to the consensus estimate of $16.48 million. During the same period in the previous year, the firm earned $0.28 EPS. Research analysts forecast that Postal Realty Trust, Inc. will post 0.83 earnings per share for the current fiscal year.

Postal Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 8th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.96 dividend on an annualized basis and a yield of 6.97%. Postal Realty Trust’s dividend payout ratio is currently 960.00%.

Institutional Trading of Postal Realty Trust

A number of hedge funds and other institutional investors have recently modified their holdings of PSTL. M&G Plc bought a new position in Postal Realty Trust during the first quarter valued at $169,000. Foundry Partners LLC lifted its position in Postal Realty Trust by 87.8% during the first quarter. Foundry Partners LLC now owns 331,731 shares of the company’s stock valued at $4,750,000 after purchasing an additional 155,086 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in shares of Postal Realty Trust by 14.4% in the first quarter. Avantax Advisory Services Inc. now owns 12,784 shares of the company’s stock valued at $183,000 after acquiring an additional 1,612 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Postal Realty Trust by 67.5% in the first quarter. Russell Investments Group Ltd. now owns 92,722 shares of the company’s stock valued at $1,328,000 after acquiring an additional 37,354 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in shares of Postal Realty Trust by 10.5% in the first quarter. Janney Montgomery Scott LLC now owns 171,327 shares of the company’s stock valued at $2,453,000 after acquiring an additional 16,301 shares during the period. 57.89% of the stock is 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.