Postal Realty Trust, Inc. (NYSE:PSTL) Increases Dividend to $0.23 Per Share

Postal Realty Trust, Inc. (NYSE:PSTLGet Rating) announced a quarterly dividend on Thursday, April 28th, Zacks reports. Shareholders of record on Friday, May 13th will be given a dividend of 0.23 per share on Friday, May 27th. This represents a $0.92 annualized dividend and a yield of 5.34%. The ex-dividend date is Thursday, May 12th. This is a boost from Postal Realty Trust’s previous quarterly dividend of $0.23.

Postal Realty Trust has a dividend payout ratio of 337.0% 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 analysts expect Postal Realty Trust to earn $0.94 per share next year, which means the company should continue to be able to cover its $0.91 annual dividend with an expected future payout ratio of 96.8%.

PSTL opened at $17.22 on Friday. The business has a 50 day moving average price of $17.48 and a two-hundred day moving average price of $18.02. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.36. The company has a market cap of $323.13 million, a PE ratio of 158.20, a P/E/G ratio of 3.46 and a beta of 0.60. Postal Realty Trust has a 52 week low of $16.38 and a 52 week high of $21.27.

Postal Realty Trust (NYSE:PSTLGet Rating) last posted its quarterly earnings data on Thursday, March 10th. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.18). Postal Realty Trust had a net margin of 5.14% and a return on equity of 1.02%. During the same period in the previous year, the company earned $0.28 EPS. As a group, sell-side analysts expect that Postal Realty Trust will post 0.85 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its holdings in shares of Postal Realty Trust by 72.3% in the 3rd quarter. Royal Bank of Canada now owns 1,423 shares of the company’s stock worth $26,000 after acquiring an additional 597 shares during the period. Morgan Stanley grew its holdings in shares of Postal Realty Trust by 129.0% in the 1st quarter. Morgan Stanley now owns 1,965 shares of the company’s stock worth $34,000 after acquiring an additional 1,107 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Postal Realty Trust by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 34,209 shares of the company’s stock worth $678,000 after acquiring an additional 1,300 shares during the period. BNP Paribas Arbitrage SA grew its holdings in shares of Postal Realty Trust by 104.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 3,247 shares of the company’s stock worth $61,000 after acquiring an additional 1,661 shares during the period. Finally, Citigroup Inc. grew its holdings in shares of Postal Realty Trust by 123.8% in the 4th quarter. Citigroup Inc. now owns 3,198 shares of the company’s stock worth $63,000 after acquiring an additional 1,769 shares during the period. Institutional investors own 80.01% of the company’s stock.

PSTL has been the subject of several analyst reports. Truist Financial initiated coverage on Postal Realty Trust in a research note on Monday, February 7th. They set a “hold” rating and a $19.00 price objective for the company. Aegis initiated coverage on Postal Realty Trust in a research report on Monday, March 21st. They set a “buy” rating and a $23.00 target price on the stock. Zacks Investment Research cut Postal Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, April 12th. Finally, BMO Capital Markets cut Postal Realty Trust from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $22.00 to $19.00 in a research report on Friday, March 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $20.60.

Postal Realty Trust Company Profile (Get Rating)

Postal Realty Trust, Inc is an internally managed real estate investment trust that owns and manages over 1,000 properties leased to the USPS. The Company believes it is one of the largest owners and managers of properties leased to the USPS.

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Dividend History for Postal Realty Trust (NYSE:PSTL)

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