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

Postal Realty Trust, Inc. (NYSE:PSTL) CEO Andrew Spodek acquired 7,968 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average price of $13.00 per share, for a total transaction of $103,584.00. Following the completion of the acquisition, the chief executive officer now owns 277,518 shares of the company’s stock, valued at $3,607,734. This trade represents a 2.96 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Postal Realty Trust Price Performance

Shares of NYSE PSTL opened at $12.87 on Friday. The company has a fifty day moving average price of $14.13 and a 200 day moving average price of $14.11. The firm has a market cap of $301.84 million, a PE ratio of 160.90, a PEG ratio of 2.45 and a beta of 0.66. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.90. Postal Realty Trust, Inc. has a 1-year low of $12.79 and a 1-year high of $15.15.

Postal Realty Trust (NYSE:PSTL) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.23). The firm had revenue of $19.67 million for the quarter, compared to analyst estimates of $18.49 million. Postal Realty Trust had a return on equity of 1.06% and a net margin of 4.55%. During the same period in the prior year, the company earned $0.27 earnings per share. Research analysts predict that Postal Realty Trust, Inc. will post 0.8 earnings per share for the current fiscal year.

Postal Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 4th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.96 annualized dividend and a dividend yield of 7.46%. Postal Realty Trust’s dividend payout ratio is currently 1,200.00%.

Institutional Trading of Postal Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in PSTL. Nisa Investment Advisors LLC boosted its holdings in Postal Realty Trust by 16.5% during the second quarter. Nisa Investment Advisors LLC now owns 8,492 shares of the company’s stock worth $113,000 after purchasing an additional 1,200 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Postal Realty Trust by 6.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 127,797 shares of the company’s stock worth $1,704,000 after buying an additional 8,106 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Postal Realty Trust by 16.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 41,387 shares of the company’s stock worth $552,000 after buying an additional 5,928 shares during the last quarter. Essex Financial Services Inc. grew its holdings in shares of Postal Realty Trust by 27.5% in the 2nd quarter. Essex Financial Services Inc. now owns 47,857 shares of the company’s stock valued at $638,000 after acquiring an additional 10,325 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Postal Realty Trust in the 2nd quarter valued at about $550,000. 57.89% of the stock is currently owned by institutional investors and hedge funds.

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.