Postal Realty Trust, Inc. (NYSE:PSTL – Get Free Report) saw a significant drop in short interest in February. As of February 27th, there was short interest totaling 2,280,926 shares, a drop of 19.8% from the February 12th total of 2,843,317 shares. Based on an average daily volume of 318,441 shares, the short-interest ratio is currently 7.2 days. Currently, 9.6% of the company’s stock are sold short. Currently, 9.6% of the company’s stock are sold short. Based on an average daily volume of 318,441 shares, the short-interest ratio is currently 7.2 days.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Comerica Bank grew its stake in shares of Postal Realty Trust by 151.0% in the first quarter. Comerica Bank now owns 4,287 shares of the company’s stock worth $61,000 after acquiring an additional 2,579 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Postal Realty Trust by 6.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,204 shares of the company’s stock worth $189,000 after purchasing an additional 844 shares in the last quarter. Millennium Management LLC boosted its stake in Postal Realty Trust by 313.7% in the 1st quarter. Millennium Management LLC now owns 378,517 shares of the company’s stock worth $5,405,000 after purchasing an additional 287,027 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Postal Realty Trust by 5.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 99,179 shares of the company’s stock valued at $1,416,000 after purchasing an additional 4,759 shares during the last quarter. Finally, Jane Street Group LLC grew its position in Postal Realty Trust by 234.2% during the 1st quarter. Jane Street Group LLC now owns 61,517 shares of the company’s stock valued at $878,000 after purchasing an additional 43,111 shares during the last quarter. Hedge funds and other institutional investors own 57.89% of the company’s stock.
Postal Realty Trust Stock Up 0.1%
Shares of NYSE:PSTL traded up $0.02 during midday trading on Tuesday, reaching $19.70. The company’s stock had a trading volume of 163,205 shares, compared to its average volume of 302,034. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.00. The firm has a 50 day moving average of $18.69 and a 200-day moving average of $16.64. The firm has a market capitalization of $541.02 million, a P/E ratio of 42.82 and a beta of 0.71. Postal Realty Trust has a 12-month low of $12.26 and a 12-month high of $21.13.
Postal Realty Trust Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a $0.245 dividend. This represents a $0.98 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Friday, February 13th. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.24. Postal Realty Trust’s dividend payout ratio (DPR) is currently 213.04%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. Truist Financial set a $20.00 price objective on shares of Postal Realty Trust and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Jefferies Financial Group restated a “buy” rating and issued a $24.00 target price on shares of Postal Realty Trust in a research note on Wednesday, February 25th. Finally, JPMorgan Chase & Co. upped their target price on Postal Realty Trust from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Monday. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.44.
Read Our Latest Research Report on PSTL
Postal Realty Trust Company Profile
Postal Realty Trust is a real estate investment trust that acquires, owns and manages single-tenant commercial properties net-leased primarily to the United States Postal Service and other government agencies. The trust focuses on facilities that support mail processing, distribution and retail operations, targeting assets that offer long-term, inflation-protected lease structures.
The company’s portfolio includes post offices, distribution centers and mail processing facilities located throughout the contiguous United States.
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