Postal Realty Trust, Inc. (NYSE:PSTL) to Issue Quarterly Dividend of $0.24

Postal Realty Trust, Inc. (NYSE:PSTL) announced a quarterly dividend on Tuesday, July 23rd, Wall Street Journal reports. Shareholders of record on Friday, August 2nd will be given a dividend of 0.24 per share on Friday, August 30th. This represents a $0.96 dividend on an annualized basis and a yield of 6.42%. The ex-dividend date is Friday, August 2nd.

Postal Realty Trust has raised its dividend by an average of 26.5% per year over the last three years. Postal Realty Trust has a dividend payout ratio of 600.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Postal Realty Trust to earn $0.84 per share next year, which means the company may not be able to cover its $0.96 annual dividend with an expected future payout ratio of 114.3%.

Postal Realty Trust Stock Up 0.1 %

PSTL stock opened at $14.96 on Thursday. The company has a market cap of $339.14 million, a price-to-earnings ratio of 149.60, a P/E/G ratio of 2.71 and a beta of 0.67. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.39 and a current ratio of 2.39. The business’s 50-day moving average is $13.66 and its two-hundred day moving average is $13.89. Postal Realty Trust has a fifty-two week low of $12.98 and a fifty-two week high of $15.18.

Insider Activity

In related news, Treasurer Jeremy Garber sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $14.02, for a total value of $140,200.00. Following the completion of the sale, the treasurer now directly owns 223,020 shares of the company’s stock, valued at approximately $3,126,740.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Andrew Spodek acquired 8,856 shares of Postal Realty Trust stock in a transaction dated Tuesday, June 25th. The shares were purchased at an average price of $13.00 per share, for a total transaction of $115,128.00. Following the completion of the transaction, the chief executive officer now directly owns 266,374 shares in the company, valued at approximately $3,462,862. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Treasurer Jeremy Garber sold 10,000 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $14.02, for a total transaction of $140,200.00. Following the transaction, the treasurer now owns 223,020 shares of the company’s stock, valued at approximately $3,126,740.40. The disclosure for this sale can be found here. Insiders have purchased a total of 17,563 shares of company stock valued at $230,496 in the last ninety days. Corporate insiders own 13.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus reaffirmed a “buy” rating and set a $15.50 target price on shares of Postal Realty Trust in a report on Monday, June 17th.

Postal Realty Trust Company Profile

Postal Realty Trust, Inc (NYSE: PSTL) is an internally managed real estate investment trust that owns properties primarily leased to the United States Postal Service ("USPS"). PSTL is focused on acquiring the network of USPS properties, which provide a critical element of the nation's logistics infrastructure that facilitates cost effective and efficient last-mile delivery solutions.