Postal Realty Trust, Inc. (NYSE:PSTL) Declares Quarterly Dividend of $0.24

Postal Realty Trust, Inc. (NYSE:PSTL) announced a quarterly dividend on Tuesday, July 23rd, Wall Street Journal reports. Stockholders of record on Friday, August 2nd will be given a dividend of 0.24 per share on Friday, August 30th. This represents a $0.96 annualized dividend and a dividend yield of 6.58%. The ex-dividend date of this dividend is Friday, August 2nd.

Postal Realty Trust has increased its dividend payment by an average of 26.5% annually over the last three years. Postal Realty Trust has a payout ratio of 600.0% indicating that 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 $0.84 per share next year, which means the company may not be able to cover its $0.96 annual dividend with an expected future payout ratio of 114.3%.

Postal Realty Trust Price Performance

Shares of Postal Realty Trust stock traded down $0.02 on Wednesday, hitting $14.58. 146,715 shares of the company traded hands, compared to its average volume of 103,655. The stock has a market capitalization of $330.46 million, a P/E ratio of 145.80, a price-to-earnings-growth ratio of 2.64 and a beta of 0.67. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.39 and a current ratio of 2.39. Postal Realty Trust has a 52 week low of $12.98 and a 52 week high of $15.48. The business has a 50-day simple moving average of $13.53 and a 200 day simple moving average of $13.86.

Analyst Ratings Changes

Separately, Stifel Nicolaus reissued a “buy” rating and issued a $15.50 target price on shares of Postal Realty Trust in a report on Monday, June 17th.

Insiders Place Their Bets

In other news, Treasurer Jeremy Garber sold 10,000 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $14.02, for a total value of $140,200.00. Following the sale, the treasurer now owns 223,020 shares of the company’s stock, valued at $3,126,740.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Treasurer Jeremy Garber sold 10,000 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $14.02, for a total transaction of $140,200.00. Following the transaction, the treasurer now directly owns 223,020 shares in the company, valued at approximately $3,126,740.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Spodek acquired 8,856 shares of Postal Realty Trust stock in a transaction that occurred on Tuesday, June 25th. The stock was purchased at an average cost of $13.00 per share, for a total transaction of $115,128.00. Following the completion of the transaction, the chief executive officer now directly owns 266,374 shares in the company, valued at $3,462,862. The disclosure for this purchase can be found here. Insiders bought 17,563 shares of company stock valued at $230,496 over the last three months. 13.60% of the stock is owned by company insiders.

Postal Realty Trust Company Profile

Postal Realty Trust, Inc (NYSE: PSTL) is an internally managed real estate investment trust that owns properties primarily leased to the United States Postal Service ("USPS"). PSTL is focused on acquiring the network of USPS properties, which provide a critical element of the nation's logistics infrastructure that facilitates cost effective and efficient last-mile delivery solutions.