Postal Realty Trust (NYSE:PSTL) declared a quarterly dividend on Thursday, July 30th, Zacks reports. Stockholders of record on Friday, August 14th will be paid a dividend of 0.205 per share on Monday, August 31st. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date of this dividend is Thursday, August 13th. This is a boost from Postal Realty Trust’s previous quarterly dividend of $0.20.
Postal Realty Trust has a dividend payout ratio of -222.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Postal Realty Trust to earn $1.10 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 72.7%.
PSTL stock traded up $0.02 during trading on Friday, hitting $14.72. 557 shares of the company’s stock traded hands, compared to its average volume of 164,216. The firm has a market capitalization of $79.77 million, a P/E ratio of -33.41 and a beta of 0.09. The business has a fifty day simple moving average of $15.11 and a two-hundred day simple moving average of $15.58. Postal Realty Trust has a 1 year low of $10.84 and a 1 year high of $19.48.
Postal Realty Trust (NYSE:PSTL) last announced its earnings results on Thursday, May 14th. The company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.07). The business had revenue of $5.20 million for the quarter, compared to the consensus estimate of $4.34 million. On average, sell-side analysts anticipate that Postal Realty Trust will post 0.81 EPS for the current fiscal year.
In related news, CEO Andrew Spodek bought 3,195 shares of the stock in a transaction dated Wednesday, July 15th. The stock was acquired at an average price of $13.75 per share, for a total transaction of $43,931.25. Following the acquisition, the chief executive officer now owns 637,058 shares in the company, valued at approximately $8,759,547.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 28.90% of the company’s stock.
PSTL has been the subject of a number of recent analyst reports. BTIG Research assumed coverage on shares of Postal Realty Trust in a report on Thursday, June 4th. They issued a “buy” rating and a $19.00 price objective for the company. Zacks Investment Research lowered shares of Postal Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 22nd. Finally, B. Riley upped their price objective on shares of Postal Realty Trust from $18.50 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th.
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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