Postal Realty Trust, Inc. (NYSE:PSTL) CEO Buys $38,486.88 in Stock

Postal Realty Trust, Inc. (NYSE:PSTL) CEO Andrew Spodek purchased 2,718 shares of the stock in a transaction on Monday, September 11th. The shares were purchased at an average price of $14.16 per share, with a total value of $38,486.88. Following the acquisition, the chief executive officer now directly owns 187,518 shares in the company, valued at $2,655,254.88. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Friday, September 8th, Andrew Spodek purchased 5,718 shares of Postal Realty Trust stock. The shares were purchased at an average price of $14.25 per share, with a total value of $81,481.50.
• On Tuesday, August 22nd, Andrew Spodek purchased 605 shares of Postal Realty Trust stock. The shares were purchased at an average price of $14.25 per share, with a total value of $8,621.25.
• On Friday, August 18th, Andrew Spodek purchased 1,998 shares of Postal Realty Trust stock. The shares were purchased at an average price of $14.48 per share, with a total value of $28,931.04.
• On Wednesday, August 16th, Andrew Spodek purchased 8,002 shares of Postal Realty Trust stock. The shares were purchased at an average price of $14.50 per share, with a total value of $116,029.00.

Postal Realty Trust Trading Up 0.9 %

Shares of Postal Realty Trust stock opened at $14.16 on Friday. The company has a fifty day simple moving average of $14.67 and a 200-day simple moving average of $14.73. Postal Realty Trust, Inc. has a 12-month low of $14.03 and a 12-month high of $16.24. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 0.80. The stock has a market cap of $291.88 million, a price-to-earnings ratio of 108.89, a PEG ratio of 2.51 and a beta of 0.64.

Postal Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Monday, August 7th were paid a dividend of $0.2375 per share. This represents a $0.95 dividend on an annualized basis and a yield of 6.71%. The ex-dividend date of this dividend was Friday, August 4th. Postal Realty Trust’s dividend payout ratio is currently 730.83%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Truist Financial reiterated a “hold” rating and set a $16.00 price target on shares of Postal Realty Trust in a report on Monday, August 21st. 888 restated a “reiterates” rating on shares of Postal Realty Trust in a report on Wednesday, June 28th. Finally, Stifel Nicolaus lowered their target price on shares of Postal Realty Trust from $18.00 to $17.00 in a report on Friday, July 7th.

Institutional Trading of Postal Realty Trust

A number of large investors have recently bought and sold shares of the business. FMR LLC boosted its stake in Postal Realty Trust by 3.5% during the 1st quarter. FMR LLC now owns 2,952,487 shares of the company’s stock worth $44,937,000 after purchasing an additional 100,310 shares during the period. BlackRock Inc. boosted its stake in Postal Realty Trust by 9.0% during the 2nd quarter. BlackRock Inc. now owns 1,240,048 shares of the company’s stock worth $18,241,000 after purchasing an additional 102,382 shares during the period. Vanguard Group Inc. boosted its stake in Postal Realty Trust by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 857,008 shares of the company’s stock worth $12,573,000 after purchasing an additional 20,060 shares during the period. Neuberger Berman Group LLC boosted its stake in Postal Realty Trust by 21.7% during the 4th quarter. Neuberger Berman Group LLC now owns 731,941 shares of the company’s stock worth $10,635,000 after purchasing an additional 130,389 shares during the period. Finally, Gilman Hill Asset Management LLC boosted its stake in Postal Realty Trust by 1.9% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 471,915 shares of the company’s stock worth $6,942,000 after purchasing an additional 8,897 shares during the period. Institutional investors and hedge funds own 59.09% of the company’s stock.

Postal Realty Trust Company Profile

Postal Realty Trust, Inc is an internally managed real estate investment trust that owns and manages over 1,750 properties leased primarily to the USPS.