Insider Buying: Postal Realty Trust, Inc. (NYSE:PSTL) CEO Purchases 8,709 Shares of Stock

Postal Realty Trust, Inc. (NYSE:PSTL) CEO Andrew Spodek bought 8,709 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was purchased 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 directly owns 246,227 shares of the company’s stock, valued at approximately $3,324,064.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

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

Postal Realty Trust Trading Down 0.2 %

PSTL stock traded down $0.03 during midday trading on Thursday, reaching $13.47. 112,257 shares of the company traded hands, compared to its average volume of 99,243. Postal Realty Trust, Inc. has a 52-week low of $12.98 and a 52-week high of $15.71. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.92 and a current ratio of 1.92. The business has a 50 day moving average of $14.04 and a 200-day moving average of $14.05. The firm has a market capitalization of $303.21 million, a price-to-earnings ratio of 122.47, a P/E/G ratio of 2.34 and a beta of 0.65.

Postal Realty Trust (NYSE:PSTL) last issued its quarterly earnings data on Monday, February 26th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.21). The company had revenue of $17.00 million for the quarter, compared to analysts’ expectations of $16.48 million. Postal Realty Trust had a net margin of 5.82% and a return on equity of 1.28%. During the same quarter last year, the company earned $0.28 earnings per share. As a group, sell-side analysts expect that Postal Realty Trust, Inc. will post 0.83 earnings per share for the current fiscal year.

Postal Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Friday, February 16th were paid a dividend of $0.24 per share. This is a boost from Postal Realty Trust’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.13%. Postal Realty Trust’s dividend payout ratio is currently 872.81%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. FSC Wealth Advisors LLC grew its stake in Postal Realty Trust by 100.0% in the third quarter. FSC Wealth Advisors LLC now owns 2,000 shares of the company’s stock worth $27,000 after purchasing an additional 1,000 shares in the last quarter. New York State Teachers Retirement System bought a new stake in Postal Realty Trust during the 4th quarter valued at $27,000. Metropolitan Life Insurance Co NY boosted its position in Postal Realty Trust by 149.3% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 2,069 shares of the company’s stock valued at $35,000 after acquiring an additional 1,239 shares in the last quarter. Castleview Partners LLC bought a new stake in Postal Realty Trust during the 3rd quarter valued at $39,000. Finally, Tower Research Capital LLC TRC boosted its position in Postal Realty Trust by 419.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,645 shares of the company’s stock valued at $63,000 after acquiring an additional 3,750 shares in the last quarter. 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.