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

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

Postal Realty Trust Stock Performance

Postal Realty Trust stock traded down $0.09 during mid-day trading on Thursday, reaching $12.87. 348,144 shares of the company traded hands, compared to its average volume of 100,050. The firm’s fifty day moving average is $14.15 and its two-hundred day moving average is $14.12. The company has a market capitalization of $301.84 million, a price-to-earnings ratio of 160.90, a price-to-earnings-growth ratio of 2.45 and a beta of 0.66. Postal Realty Trust, Inc. has a fifty-two week low of $12.79 and a fifty-two week high of $15.15. 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 (NYSE:PSTL) last released its earnings results on Monday, November 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.23). The firm had revenue of $19.67 million during the quarter, compared to analyst estimates of $18.49 million. Postal Realty Trust had a net margin of 4.55% and a return on equity of 1.06%. During the same period in the previous year, the company earned $0.27 earnings per share. On average, equities research analysts expect that Postal Realty Trust, Inc. will post 0.8 earnings per share for the current fiscal year.

Postal Realty Trust Announces Dividend

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

Institutional Investors Weigh In On Postal Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its holdings in Postal Realty Trust by 16.5% in the second quarter. Nisa Investment Advisors LLC now owns 8,492 shares of the company’s stock valued at $113,000 after purchasing an additional 1,200 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Postal Realty Trust by 0.8% in the 3rd quarter. HighTower Advisors LLC now owns 175,218 shares of the company’s stock valued at $2,564,000 after buying an additional 1,380 shares during the period. Arete Wealth Advisors LLC boosted its stake in shares of Postal Realty Trust by 11.7% in the third quarter. Arete Wealth Advisors LLC now owns 18,934 shares of the company’s stock worth $276,000 after buying an additional 1,981 shares during the last quarter. Quest Partners LLC boosted its stake in shares of Postal Realty Trust by 121,650.0% in the second quarter. Quest Partners LLC now owns 2,435 shares of the company’s stock worth $32,000 after buying an additional 2,433 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in Postal Realty Trust by 4.6% during the third quarter. Asset Management One Co. Ltd. now owns 57,786 shares of the company’s stock worth $846,000 after acquiring an additional 2,534 shares during the period. Institutional investors and hedge funds 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.