Postal Realty Trust (NYSE:PSTL) Issues Earnings Results

Postal Realty Trust (NYSE:PSTLGet Rating) announced its earnings results on Wednesday. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.17), MarketWatch Earnings reports. Postal Realty Trust had a return on equity of 1.02% and a net margin of 5.14%. During the same period in the prior year, the business earned $0.27 earnings per share.

PSTL opened at $15.21 on Friday. The stock’s 50 day simple moving average is $17.22 and its 200 day simple moving average is $17.86. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.19 and a quick ratio of 3.19. Postal Realty Trust has a 1 year low of $14.79 and a 1 year high of $21.27. The firm has a market cap of $285.34 million, a price-to-earnings ratio of 117.01, a PEG ratio of 3.14 and a beta of 0.54.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Friday, May 13th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 6.05%. This is a positive change from Postal Realty Trust’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, May 12th. Postal Realty Trust’s dividend payout ratio (DPR) is presently 700.05%.

A number of equities analysts have weighed in on the company. BMO Capital Markets lowered Postal Realty Trust from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $22.00 to $19.00 in a research note on Friday, March 25th. Aegis started coverage on Postal Realty Trust in a report on Monday, March 21st. They issued a “buy” rating and a $23.00 price objective for the company. Truist Financial started coverage on Postal Realty Trust in a report on Monday, February 7th. They issued a “hold” rating and a $19.00 price objective for the company. Finally, Zacks Investment Research cut Postal Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, April 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $20.60.

A number of institutional investors and hedge funds have recently bought and sold shares of PSTL. BlackRock Inc. grew its position in Postal Realty Trust by 24.4% during the 1st quarter. BlackRock Inc. now owns 973,723 shares of the company’s stock worth $16,378,000 after acquiring an additional 190,989 shares during the last quarter. Nuveen Asset Management LLC grew its position in Postal Realty Trust by 51.4% during the 4th quarter. Nuveen Asset Management LLC now owns 433,013 shares of the company’s stock worth $8,573,000 after acquiring an additional 147,059 shares during the last quarter. Morgan Stanley grew its position in Postal Realty Trust by 1,909.7% during the 2nd quarter. Morgan Stanley now owns 39,491 shares of the company’s stock worth $721,000 after acquiring an additional 37,526 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Postal Realty Trust during the 4th quarter worth approximately $524,000. Finally, JPMorgan Chase & Co. grew its position in Postal Realty Trust by 153.6% during the 4th quarter. JPMorgan Chase & Co. now owns 43,660 shares of the company’s stock worth $865,000 after acquiring an additional 26,441 shares during the last quarter. Institutional investors and hedge funds own 73.45% of the company’s stock.

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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Earnings History for Postal Realty Trust (NYSE:PSTL)

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