Postal Realty Trust (NYSE:PSTL) CEO Andrew Spodek purchased 3,100 shares of the business’s stock in a transaction dated Monday, March 23rd. The shares were acquired at an average price of $11.75 per share, with a total value of $36,425.00. Following the completion of the acquisition, the chief executive officer now owns 637,058 shares of the company’s stock, valued at $7,485,431.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Andrew Spodek also recently made the following trade(s):
- On Friday, March 20th, Andrew Spodek purchased 7,067 shares of Postal Realty Trust stock. The shares were acquired at an average price of $12.00 per share, with a total value of $84,804.00.
- On Monday, March 16th, Andrew Spodek bought 2,815 shares of Postal Realty Trust stock. The stock was purchased at an average price of $13.78 per share, with a total value of $38,790.70.
- On Thursday, March 12th, Andrew Spodek bought 1,141 shares of Postal Realty Trust stock. The stock was purchased at an average price of $14.69 per share, with a total value of $16,761.29.
Shares of NYSE PSTL opened at $15.04 on Friday. The business has a fifty day simple moving average of $15.07 and a 200 day simple moving average of $15.87. Postal Realty Trust has a one year low of $10.84 and a one year high of $18.20.
Postal Realty Trust (NYSE:PSTL) last issued its earnings results on Wednesday, March 25th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). The company had revenue of $3.86 million during the quarter, compared to analyst estimates of $3.33 million. Equities analysts anticipate that Postal Realty Trust will post 0.83 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.52%. This is a positive change from Postal Realty Trust’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, February 13th.
PSTL has been the subject of a number of recent research reports. Zacks Investment Research lowered Postal Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, February 26th. Compass Point initiated coverage on Postal Realty Trust in a research note on Wednesday, December 18th. They issued a “buy” rating and a $20.00 target price for the company. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $18.25.
Several hedge funds and other institutional investors have recently modified their holdings of PSTL. Macquarie Group Ltd. grew its position in Postal Realty Trust by 26.9% in the fourth quarter. Macquarie Group Ltd. now owns 95,229 shares of the company’s stock valued at $1,614,000 after acquiring an additional 20,170 shares during the period. Punch & Associates Investment Management Inc. bought a new stake in Postal Realty Trust in the fourth quarter valued at $238,000. Ancora Advisors LLC grew its position in Postal Realty Trust by 76.9% in the fourth quarter. Ancora Advisors LLC now owns 53,287 shares of the company’s stock valued at $903,000 after acquiring an additional 23,157 shares during the period. Penn Capital Management Co. Inc. grew its holdings in shares of Postal Realty Trust by 5.3% during the fourth quarter. Penn Capital Management Co. Inc. now owns 183,881 shares of the company’s stock worth $3,117,000 after purchasing an additional 9,209 shares during the last quarter. Finally, Greenwich Investment Management Inc. grew its holdings in shares of Postal Realty Trust by 21.7% during the fourth quarter. Greenwich Investment Management Inc. now owns 60,850 shares of the company’s stock worth $1,031,000 after purchasing an additional 10,850 shares during the last quarter. Institutional investors and hedge funds own 56.61% of the company’s stock.
Postal Realty Trust Company Profile
Postal Realty Trust, Inc is an internally managed real estate investment trust that will own and manage properties leased to the United States Postal Service, or USPS. Upon completion of the offering and related formation transactions, the Company will own and manage an initial portfolio of 271 postal properties located in 41 states comprising 871,843 net leasable interior square feet, all of which are leased to the USPS, and through its taxable REIT subsidiary will provide fee-based third party property management services for an additional 404 postal properties leased to the USPS and owned by family members of Andrew Spodek, the Company's chief executive officer, and their partners.
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