Postal Realty Trust, Inc. (PSTL) to Issue Quarterly Dividend of $0.24 on November 28th

Postal Realty Trust, Inc. (NYSE:PSTL) declared a quarterly dividend on Wednesday, October 22nd. Investors of record on Tuesday, November 4th will be paid a dividend of 0.2425 per share on Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Tuesday, November 4th.

Postal Realty Trust has raised its dividend payment by an average of 0.4%annually over the last three years and has raised its dividend every year for the last 3 years. Postal Realty Trust has a payout ratio of 262.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Postal Realty Trust to earn $0.87 per share next year, which means the company may not be able to cover its $0.97 annual dividend with an expected future payout ratio of 111.5%.

Postal Realty Trust Stock Up 1.1%

Shares of Postal Realty Trust stock opened at $14.79 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.28 and a quick ratio of 1.28. The company has a 50-day moving average of $15.48 and a 200 day moving average of $14.62. The firm has a market cap of $363.54 million, a price-to-earnings ratio of 38.92 and a beta of 0.86. Postal Realty Trust has a 1 year low of $12.26 and a 1 year high of $16.50.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PSTL. Wall Street Zen lowered shares of Postal Realty Trust from a “buy” rating to a “hold” rating in a research note on Sunday. JPMorgan Chase & Co. raised their price objective on shares of Postal Realty Trust from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday, September 30th. Stifel Nicolaus set a $17.75 price objective on shares of Postal Realty Trust and gave the company a “buy” rating in a research note on Tuesday, August 5th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Postal Realty Trust in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.38.

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.