Postal Realty Trust, Inc. (PSTL) To Go Ex-Dividend on November 13th

Postal Realty Trust, Inc. (NYSE:PSTL) declared a quarterly dividend on Monday, November 2nd. Stockholders of record on Friday, November 13th will be given a dividend of $0.2450 per share on Friday, November 27th. This represents a $0.98 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Friday, November 13th.

Postal Realty Trust has a dividend payout ratio of 264.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Postal Realty Trust to earn $1.37 per share next year, which means the company should continue to be able to cover its $0.98 annual dividend with an expected future payout ratio of 71.5%.

Postal Realty Trust Stock Down 0.6%

Shares of Postal Realty Trust stock opened at $21.54 on Wednesday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.92. The business’s 50 day simple moving average is $22.83 and its 200-day simple moving average is $21.78. The stock has a market capitalization of $594.82 million, a price-to-earnings ratio of 16.05 and a beta of 0.81. Postal Realty Trust has a twelve month low of $14.42 and a twelve month high of $25.22.

Postal Realty Trust (NYSE:PSTL) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The company had revenue of $30.28 million for the quarter, compared to analyst estimates of $28.83 million. Postal Realty Trust had a net margin of 16.42% and a return on equity of 4.63%. Equities research analysts forecast that Postal Realty Trust will post 1.23 earnings per share for the current year.

Analyst Ratings Changes

PSTL has been the subject of several recent research reports. Zacks Research lowered shares of Postal Realty Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Scotiabank reiterated an “outperform” rating on shares of Postal Realty Trust in a research report on Tuesday, September 1st. BMO Capital Markets lifted their price objective on shares of Postal Realty Trust from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, September 14th. JPMorgan Chase & Co. boosted their target price on shares of Postal Realty Trust from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, August 26th. Finally, Weiss Ratings cut shares of Postal Realty Trust from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, October 6th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Postal Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $25.38.

Postal Realty Trust Company Profile

Postal Realty Trust, Inc (NYSE:PSTL) is a real estate investment trust focused on acquiring, owning, managing and developing properties that are leased primarily to the United States Postal Service. Its portfolio is concentrated in postal facilities, including post offices and other properties used for postal operations.

The company generally leases its properties under long-term agreements, allowing it to generate rental income from a specialized portfolio of mission-critical facilities.