Postal Realty Trust, Inc. (NYSE:PSTL) CEO Acquires $115,128.00 in Stock

Postal Realty Trust, Inc. (NYSE:PSTL) CEO Andrew Spodek acquired 8,856 shares of the stock in a transaction that occurred on Tuesday, June 25th. The stock was acquired at an average price of $13.00 per share, for a total transaction of $115,128.00. Following the transaction, the chief executive officer now directly owns 266,374 shares of the company’s stock, valued at approximately $3,462,862. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, May 28th, Andrew Spodek bought 6,707 shares of Postal Realty Trust stock. The stock was acquired at an average price of $13.25 per share, for a total transaction of $88,867.75.
• On Thursday, May 23rd, Andrew Spodek purchased 2,000 shares of Postal Realty Trust stock. The shares were acquired at an average price of $13.25 per share, with a total value of $26,500.00.
• On Thursday, April 18th, Andrew Spodek acquired 1,110 shares of Postal Realty Trust stock. The stock was bought at an average price of $13.50 per share, for a total transaction of $14,985.00.
• On Tuesday, April 16th, Andrew Spodek bought 8,709 shares of Postal Realty Trust stock. The shares were bought at an average price of $13.50 per share, with a total value of $117,571.50.
• 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 Trading Up 0.2 %

Shares of NYSE PSTL traded up $0.03 during midday trading on Thursday, hitting $13.14. 65,330 shares of the company traded hands, compared to its average volume of 97,871. Postal Realty Trust, Inc. has a 12-month low of $12.98 and a 12-month high of $15.70. The firm has a market cap of $297.88 million, a P/E ratio of 131.70, a P/E/G ratio of 2.36 and a beta of 0.64. The stock has a 50-day moving average price of $13.51 and a 200 day moving average price of $13.96. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.39 and a current ratio of 2.39.

Postal Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 8th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 7.31%. The ex-dividend date of this dividend was Tuesday, May 7th. Postal Realty Trust’s dividend payout ratio is currently 960.00%.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus reiterated a “buy” rating and issued a $15.50 target price on shares of Postal Realty Trust in a research report on Monday, June 17th.

Institutional Investors Weigh In On Postal Realty Trust

Institutional investors have recently modified their holdings of the business. New York State Teachers Retirement System purchased a new stake in shares of Postal Realty Trust during the 4th quarter valued at about $27,000. International Assets Investment Management LLC lifted its position in Postal Realty Trust by 1,381.5% during the fourth quarter. International Assets Investment Management LLC now owns 8,000 shares of the company’s stock valued at $116,000 after purchasing an additional 7,460 shares during the period. State of Alaska Department of Revenue lifted its position in Postal Realty Trust by 9.3% during the fourth quarter. State of Alaska Department of Revenue now owns 9,685 shares of the company’s stock valued at $140,000 after purchasing an additional 823 shares during the period. BNP Paribas Financial Markets boosted its holdings in Postal Realty Trust by 89.4% in the first quarter. BNP Paribas Financial Markets now owns 9,951 shares of the company’s stock worth $142,000 after purchasing an additional 4,698 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Postal Realty Trust by 39.6% in the 4th quarter. SG Americas Securities LLC now owns 11,165 shares of the company’s stock worth $163,000 after purchasing an additional 3,169 shares during the period. 57.89% of the stock is owned by hedge funds and other institutional investors.

Postal Realty Trust Company Profile

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.