Postal Realty Trust, Inc. (NYSE:PSTL – Get Free Report) 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
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.
Get Our Latest Analysis on PSTL
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.
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