Postal Realty Trust (NYSE:PSTL) Announces Earnings Results, Misses Expectations By $0.03 EPS

Postal Realty Trust (NYSE:PSTL – Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03), FiscalAI reports. Postal Realty Trust had a return on equity of 4.63% and a net margin of 16.42%. The firm had revenue of $30.28 million for the quarter, compared to analysts’ expectations of $28.83 million.

Postal Realty Trust Trading Up 1.8%

Shares of NYSE:PSTL traded up $0.39 during midday trading on Wednesday, reaching $21.98. The company’s stock had a trading volume of 84,609 shares, compared to its average volume of 307,937. The firm has a market cap of $606.95 million, a price-to-earnings ratio of 40.58 and a beta of 0.81. The business has a 50 day moving average price of $22.83 and a 200 day moving average price of $21.78. Postal Realty Trust has a 1 year low of $15.00 and a 1 year high of $25.22. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.92.

Postal Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.2450 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, November 13th. Postal Realty Trust’s dividend payout ratio is currently 181.48%.

More Postal Realty Trust News

Here are the key news stories impacting Postal Realty Trust this week:

Analysts Set New Price Targets

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

Read Our Latest Stock Analysis on Postal Realty Trust

About Postal Realty Trust

(Get Free Report)

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.

Further Reading

Earnings History for Postal Realty Trust (NYSE:PSTL)

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