Postal Realty Trust, Inc. (NYSE:PSTL – Get Free Report) CEO Andrew Spodek acquired 1,110 shares of the stock in a transaction dated Thursday, April 18th. The stock was acquired at an average cost of $13.50 per share, with a total value of $14,985.00. Following the transaction, the chief executive officer now directly owns 247,518 shares in the company, valued at $3,341,493. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Andrew Spodek also recently made the following trade(s):
- On Tuesday, April 16th, Andrew Spodek purchased 8,709 shares of Postal Realty Trust stock. The shares were purchased at an average cost of $13.50 per share, with a total value of $117,571.50.
- On Wednesday, April 10th, Andrew Spodek purchased 10,000 shares of Postal Realty Trust stock. The shares were purchased at an average cost of $13.75 per share, with a total value of $137,500.00.
Postal Realty Trust Stock Performance
PSTL traded down $0.03 on Thursday, reaching $13.47. 112,257 shares of the stock were exchanged, compared to its average volume of 99,243. The company’s 50-day moving average price is $14.04 and its 200 day moving average price is $14.05. Postal Realty Trust, Inc. has a fifty-two week low of $12.98 and a fifty-two week high of $15.71. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a market capitalization of $303.21 million, a PE ratio of 122.47, a PEG ratio of 2.34 and a beta of 0.65.
Postal Realty Trust Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Friday, February 16th were given a dividend of $0.24 per share. The ex-dividend date was Thursday, February 15th. This represents a $0.96 dividend on an annualized basis and a yield of 7.13%. This is a boost from Postal Realty Trust’s previous quarterly dividend of $0.24. Postal Realty Trust’s payout ratio is currently 872.81%.
Institutional Trading of Postal Realty Trust
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PSTL. Advisor Group Holdings Inc. raised its stake in shares of Postal Realty Trust by 97.4% during the 1st quarter. Advisor Group Holdings Inc. now owns 17,976 shares of the company’s stock valued at $302,000 after buying an additional 8,869 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Postal Realty Trust by 12.8% during the 1st quarter. Bank of New York Mellon Corp now owns 107,547 shares of the company’s stock valued at $1,809,000 after buying an additional 12,239 shares during the last quarter. D.A. Davidson & CO. purchased a new position in shares of Postal Realty Trust during the 1st quarter valued at about $201,000. MetLife Investment Management LLC purchased a new position in shares of Postal Realty Trust during the 1st quarter valued at about $153,000. Finally, Metropolitan Life Insurance Co NY raised its stake in shares of 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 buying an additional 1,239 shares during the last quarter. Institutional investors and hedge funds 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.
Read More
- Five stocks we like better than Postal Realty Trust
- What does consumer price index measure?
- Comprehensive PepsiCo Stock Analysis
- Investing in Commodities: What Are They? How to Invest in Them
- CSX Co.: The Railroad Powering Ahead with an Earnings Beat
- Ride Out The Recession With These Dividend KingsĀ
- Bear Market Funds to Watch This Year
Receive News & Ratings for Postal Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Postal Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.