Postal Realty Trust, Inc. (NYSE:PSTL) Sees Large Increase in Short Interest

Postal Realty Trust, Inc. (NYSE:PSTL) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 1,466,689 shares, an increase of 220.4% from the January 15th total of 457,817 shares. Approximately 6.5% of the company’s stock are short sold. Based on an average daily trading volume, of 371,385 shares, the days-to-cover ratio is presently 3.9 days. Based on an average daily trading volume, of 371,385 shares, the days-to-cover ratio is presently 3.9 days. Approximately 6.5% of the company’s stock are short sold.

Postal Realty Trust Trading Down 0.4%

PSTL stock traded down $0.08 during mid-day trading on Wednesday, hitting $18.99. 235,423 shares of the company were exchanged, compared to its average volume of 335,876. Postal Realty Trust has a 12-month low of $12.26 and a 12-month high of $19.26. The firm has a market capitalization of $494.75 million, a P/E ratio of 39.55 and a beta of 0.74. The business has a fifty day simple moving average of $16.75 and a 200-day simple moving average of $15.79. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.00.

Postal Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be given a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 5.2%. This is a positive change from Postal Realty Trust’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, February 13th. Postal Realty Trust’s dividend payout ratio is presently 202.08%.

Analysts Set New Price Targets

Several brokerages have weighed in on PSTL. Truist Financial set a $20.00 price target on Postal Realty Trust and gave the stock a “buy” rating in a report on Tuesday, January 20th. Wall Street Zen lowered shares of Postal Realty Trust from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.25.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Comerica Bank boosted its position in shares of Postal Realty Trust by 151.0% in the 1st quarter. Comerica Bank now owns 4,287 shares of the company’s stock worth $61,000 after buying an additional 2,579 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Postal Realty Trust by 6.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,204 shares of the company’s stock valued at $189,000 after purchasing an additional 844 shares in the last quarter. Millennium Management LLC grew its position in shares of Postal Realty Trust by 313.7% in the first quarter. Millennium Management LLC now owns 378,517 shares of the company’s stock valued at $5,405,000 after purchasing an additional 287,027 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Postal Realty Trust by 5.0% in the first 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 increased its stake in shares of Postal Realty Trust by 234.2% during the 1st quarter. Jane Street Group LLC now owns 61,517 shares of the company’s stock worth $878,000 after purchasing an additional 43,111 shares in the last quarter. 57.89% of the stock is currently owned by institutional investors and hedge funds.

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.