Brokerages predict that Postal Realty Trust (NYSE:PSTL) will announce sales of $2.83 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Postal Realty Trust’s earnings, with estimates ranging from $2.61 million to $2.90 million. The firm is expected to report its next quarterly earnings results on Wednesday, November 13th.
According to Zacks, analysts expect that Postal Realty Trust will report full-year sales of $9.77 million for the current financial year, with estimates ranging from $8.30 million to $11.07 million. For the next year, analysts anticipate that the business will post sales of $17.60 million, with estimates ranging from $12.00 million to $20.37 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Postal Realty Trust.
Postal Realty Trust (NYSE:PSTL) last issued its earnings results on Wednesday, August 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.14). The company had revenue of $2.41 million for the quarter, compared to analyst estimates of $1.75 million.
NYSE:PSTL traded up $0.04 during mid-day trading on Friday, hitting $15.98. The stock had a trading volume of 40,782 shares, compared to its average volume of 33,925. Postal Realty Trust has a twelve month low of $13.93 and a twelve month high of $17.37. The stock has a 50 day simple moving average of $15.29.
In related news, CEO Andrew Spodek acquired 3,900 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was purchased at an average cost of $14.86 per share, for a total transaction of $57,954.00.
A number of hedge funds have recently modified their holdings of the business. Taylor Wealth Management Partners acquired a new stake in Postal Realty Trust during the second quarter worth approximately $5,132,000. Picton Mahoney Asset Management acquired a new stake in Postal Realty Trust during the second quarter worth approximately $2,363,000. Penn Capital Management Co. Inc. acquired a new stake in Postal Realty Trust during the second quarter worth approximately $2,271,000. Bard Associates Inc. acquired a new stake in Postal Realty Trust during the second quarter worth approximately $1,696,000. Finally, Dubuque Bank & Trust Co. acquired a new stake in Postal Realty Trust during the third quarter worth approximately $1,328,000. Hedge funds and other institutional investors own 50.14% of the company’s stock.
About Postal Realty Trust
Postal Realty Trust, Inc is an internally managed real estate investment trust that will own and manage properties leased to the United States Postal Service, or USPS. Upon completion of the offering and related formation transactions, the Company will own and manage an initial portfolio of 271 postal properties located in 41 states comprising 871,843 net leasable interior square feet, all of which are leased to the USPS, and through its taxable REIT subsidiary will provide fee-based third party property management services for an additional 404 postal properties leased to the USPS and owned by family members of Andrew Spodek, the Company's chief executive officer, and their partners.
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