Postal Realty Trust, Inc. (NYSE:PSTL - Get Free Report) 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 - Get Free Report) 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
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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
(
Get Free Report)
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.
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