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

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

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

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

Postal Realty Trust Stock Down 0.2 %

Postal Realty Trust stock opened at $13.47 on Friday. Postal Realty Trust, Inc. has a fifty-two week low of $12.98 and a fifty-two week high of $15.71. The stock has a market cap of $303.21 million, a PE ratio of 122.47, a price-to-earnings-growth ratio of 2.32 and a beta of 0.65. The firm’s 50-day simple moving average is $14.02 and its 200 day simple moving average is $14.04. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.92 and a current ratio of 1.92.

Postal Realty Trust (NYSE:PSTL) last announced 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). The company had revenue of $17.00 million during the quarter, compared to the consensus estimate of $16.48 million. Postal Realty Trust had a return on equity of 1.28% and a net margin of 5.82%. During the same period in the prior year, the firm posted $0.28 EPS. Research analysts predict that Postal Realty Trust, Inc. will post 0.83 EPS for the current fiscal year.

Postal Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Friday, February 16th were given a $0.24 dividend. This is a positive change from Postal Realty Trust’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, February 15th. This represents a $0.96 annualized dividend and a yield of 7.13%. Postal Realty Trust’s payout ratio is currently 872.81%.

Institutional Trading of Postal Realty Trust

Hedge funds have recently added to or reduced their stakes in the stock. Gilman Hill Asset Management LLC raised its position in shares of Postal Realty Trust by 24.0% in the first quarter. Gilman Hill Asset Management LLC now owns 550,838 shares of the company’s stock valued at $7,888,000 after purchasing an additional 106,613 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Postal Realty Trust in the fourth quarter valued at approximately $239,000. Vanguard Group Inc. raised its position in shares of Postal Realty Trust by 4.5% in the fourth quarter. Vanguard Group Inc. now owns 927,192 shares of the company’s stock valued at $13,500,000 after purchasing an additional 39,562 shares during the period. Goldman Sachs Group Inc. increased its holdings in Postal Realty Trust by 104.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 48,966 shares of the company’s stock worth $713,000 after acquiring an additional 25,048 shares during the period. Finally, American International Group Inc. increased its holdings in Postal Realty Trust by 8.5% during the 4th quarter. American International Group Inc. now owns 10,149 shares of the company’s stock worth $148,000 after acquiring an additional 792 shares during the period. Institutional investors 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.