Postal Realty Trust, Inc. (NYSE:PSTL – Get Free Report) CEO Andrew Spodek acquired 1,110 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were bought at an average price of $13.50 per share, for a total transaction of $14,985.00. Following the purchase, the chief executive officer now owns 247,518 shares in the company, valued at $3,341,493. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Andrew Spodek also recently made the following trade(s):
- On Tuesday, April 16th, Andrew Spodek acquired 8,709 shares of Postal Realty Trust stock. The shares were bought at an average price of $13.50 per share, for a total transaction of $117,571.50.
- 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 Up 2.2 %
Shares of Postal Realty Trust stock opened at $13.77 on Friday. Postal Realty Trust, Inc. has a 12-month low of $12.98 and a 12-month high of $15.71. The stock has a market cap of $309.96 million, a P/E ratio of 125.19, a P/E/G ratio of 2.31 and a beta of 0.65. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.80. The business’s 50 day moving average is $14.02 and its 200-day moving average is $14.05.
Postal Realty Trust Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Friday, February 16th were issued a dividend of $0.24 per share. The ex-dividend date was Thursday, February 15th. This is a positive change from Postal Realty Trust’s previous quarterly dividend of $0.24. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.97%. Postal Realty Trust’s payout ratio is presently 872.81%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. White Pine Capital LLC increased its holdings in shares of Postal Realty Trust by 1.9% during the 4th quarter. White Pine Capital LLC now owns 38,467 shares of the company’s stock worth $559,000 after acquiring an additional 730 shares during the last quarter. Cetera Advisor Networks LLC increased its holdings in shares of Postal Realty Trust by 6.3% during the 4th quarter. Cetera Advisor Networks LLC now owns 12,441 shares of the company’s stock worth $181,000 after acquiring an additional 735 shares during the last quarter. American International Group Inc. increased its holdings in shares of 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 last quarter. Lazard Asset Management LLC increased its holdings in shares of Postal Realty Trust by 16.2% during the 3rd quarter. Lazard Asset Management LLC now owns 5,774 shares of the company’s stock worth $77,000 after acquiring an additional 805 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of Postal Realty Trust by 9.3% during the 4th quarter. State of Alaska Department of Revenue now owns 9,685 shares of the company’s stock worth $140,000 after acquiring an additional 823 shares during the last quarter. 57.89% of the stock is owned by institutional investors and hedge funds.
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.
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