Postal Realty Trust, Inc. (NYSE: PSTL) Sees Strong Short-Term Interest Growth

Postal Realty Trust, Inc. (NYSE: PSTL) saw a significant increase in short-term interest in December. As of December 15, there was short interest totaling 143,300 shares, an increase of 73.5% from the total of 82,600 shares as of November 30. Based on an average trading volume of 141,900 shares, the short-term interest ratio is currently 1.0 day.

Several brokerage firms have commented on PSTL. Zacks Investment Research downgraded Postal Realty Trust shares from a “hold” rating to a “sell” rating in a research note on Tuesday, November 23. Colliers Securities launched coverage on Postal Realty Trust in a research note on Wednesday, November 3. They set a “buy” rating and a target price of $ 22.00 for the stock.

Separately, CEO Andrew Spodek bought 58,823 shares of the company in a trade on Tuesday, November 16. The shares were purchased at an average cost of $ 17.00 per share, for a total value of $ 99991.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available on the SEC’s website. Insiders own 16.90% of the shares of the company.

A number of large investors have recently increased or reduced their stakes in the stock. FMR LLC increased its equity stake in Postal Realty Trust by 5.7% in the 2nd quarter. FMR LLC now owns 944,266 shares of the company valued at $ 17,223,000 after purchasing an additional 51,302 shares during the last quarter. Heitman Real Estate Securities LLC increased its position in Postal Realty Trust shares by 1.5% during the 2nd quarter. Heitman Real Estate Securities LLC now owns 804,065 shares of the company valued at $ 14,666,000 after acquiring an additional 11,842 shares in the last quarter. Vanguard Group Inc. increased its stake in Postal Realty Trust shares by 37.9% during the second quarter. Vanguard Group Inc. now owns 708,475 shares of the company valued at $ 12,922,000 after acquiring an additional 194,742 shares in the last quarter. BlackRock Inc. increased its equity stake in Postal Realty Trust by 0.3% during the 3rd quarter. BlackRock Inc. now owns 685,135 shares of the company valued at $ 12,771,000 after acquiring 2,361 additional shares during the last quarter. Finally, Renaissance Technologies LLC increased its equity stake in Postal Realty Trust by 157.7% in the second quarter. Renaissance Technologies LLC now owns 425,150 shares of the company valued at $ 7,755,000 after acquiring an additional 260,200 shares during the last quarter. 71.42% of the shares are currently held by hedge funds and other institutional investors.

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PSTL shares traded down $ 0.14 in Monday’s midday session, reaching $ 19.66. 110,504 shares of the company were traded, for an average volume of 107,454. The company has a 50-day simple moving average of $ 18.55. The stock has a market cap of $ 268.99 million, a P / E ratio of 178.74, a P / E / G ratio of 3.79 and a beta of 0.56. Postal Realty Trust has a 12 month minimum of $ 15.25 and a 12 month maximum of $ 21.27. The company has a leverage ratio of 0.67, a quick ratio of 1.11, and a current ratio of 1.11.

Postal Realty Trust (NYSE: PSTL) last reported its results on Monday, November 8. The company reported EPS of $ 0.03 for the quarter, missing the Thomson Reuters consensus estimate of $ 0.23 ($ 0.20). Postal Realty Trust had a return on equity of 1.09% and a net margin of 4.92%. During the same period of the previous year, the company posted EPS of $ 0.24. Equity research analysts predict Postal Realty Trust will post 0.87 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 30. Shareholders of record on Monday, November 15, received a dividend of $ 0.225. This is a positive change from Postal Realty Trust’s previous quarterly dividend of $ 0.22. The ex-dividend date of this dividend was Friday, November 12. This represents an annualized dividend of $ 0.90 and a dividend yield of 4.58%. Postal Realty Trust’s dividend payout ratio is 818.26%.

About the Postal Real Estate Trust

Postal Realty Trust, Inc. is an in-house managed real estate investment trust that owns and manages over 1,000 properties leased to the USPS. The company believes it is one of the largest owners and managers of USPS leased properties.

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