Postal Realty Trust (NYSE:PSTL) Announces Quarterly Earnings Results

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Postal Realty Trust (NYSE:PSTL) posted its quarterly earnings data on Monday. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.02), Fidelity Earnings reports. The business had revenue of $3.01 million during the quarter, compared to analysts’ expectations of $2.83 million.

Shares of PSTL stock traded up $0.10 during trading hours on Tuesday, reaching $16.50. The company had a trading volume of 310 shares, compared to its average volume of 16,313. The firm’s 50 day simple moving average is $16.22. Postal Realty Trust has a 1-year low of $13.93 and a 1-year high of $17.37.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.39%. The ex-dividend date is Thursday, November 14th.

In related news, CEO Andrew Spodek purchased 3,900 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were bought at an average price of $14.86 per share, with a total value of $57,954.00.

Separately, Zacks Investment Research raised Postal Realty Trust from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Wednesday, October 16th. Six analysts have rated the stock with a buy rating, Postal Realty Trust presently has an average rating of “Buy” and a consensus target price of $17.90.

Postal Realty Trust Company Profile

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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