Postal Realty Trust, Inc. (NYSE:PSTL) Sees Significant Growth in Short Interest

Postal Realty Trust, Inc. (NYSE:PSTL) saw a large increase in short interest in 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. Currently, 6.5% of the company’s stock are short sold. Based on an average trading volume of 371,385 shares, the days-to-cover ratio is presently 3.9 days. Based on an average trading volume of 371,385 shares, the days-to-cover ratio is presently 3.9 days. Currently, 6.5% of the company’s stock are short sold.

Wall Street Analyst Weigh In

PSTL has been the topic of a number of recent analyst reports. Truist Financial set a $20.00 price target on shares of Postal Realty Trust and gave the company a “buy” rating in a report on Tuesday, January 20th. Wall Street Zen downgraded Postal Realty Trust from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.25.

Hedge Funds Weigh In On Postal Realty Trust

Several hedge funds have recently bought and sold shares of PSTL. Cullen Frost Bankers Inc. increased its position in shares of Postal Realty Trust by 225.2% during the second quarter. Cullen Frost Bankers Inc. now owns 2,026 shares of the company’s stock worth $30,000 after acquiring an additional 1,403 shares during the period. CWM LLC grew its stake in Postal Realty Trust by 195.5% in the second quarter. CWM LLC now owns 2,237 shares of the company’s stock worth $33,000 after purchasing an additional 1,480 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in Postal Realty Trust by 45.9% in the second quarter. Ameritas Investment Partners Inc. now owns 2,258 shares of the company’s stock worth $33,000 after purchasing an additional 710 shares in the last quarter. Strs Ohio purchased a new position in Postal Realty Trust during the 1st quarter worth $54,000. Finally, Federated Hermes Inc. raised its position in Postal Realty Trust by 1,156.7% during the 2nd quarter. Federated Hermes Inc. now owns 3,770 shares of the company’s stock valued at $56,000 after purchasing an additional 3,470 shares in the last quarter. Institutional investors own 57.89% of the company’s stock.

Postal Realty Trust Price Performance

Shares of NYSE:PSTL traded down $0.08 during trading on Wednesday, hitting $18.99. 235,423 shares of the company’s stock were exchanged, compared to its average volume of 335,876. The business’s 50-day simple moving average is $16.75 and its 200 day simple moving average is $15.79. The company has a market cap of $494.75 million, a price-to-earnings ratio of 39.55 and a beta of 0.74. Postal Realty Trust has a 52-week low of $12.26 and a 52-week high of $19.26. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.25 and a quick ratio of 1.25.

Postal Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a $0.245 dividend. This is a boost from Postal Realty Trust’s previous quarterly dividend of $0.24. This represents a $0.98 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Friday, February 13th. Postal Realty Trust’s dividend payout ratio is 202.08%.

About Postal Realty Trust

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.