Postal Realty Trust, Inc. (PSTL) To Go Ex-Dividend on February 14th

Postal Realty Trust, Inc. (NYSE:PSTL) announced a dividend on Thursday, January 30th,NASDAQ Dividends reports. Investors of record on Friday, February 14th will be paid a dividend of 0.2425 per share on Friday, February 28th. The ex-dividend date of this dividend is Friday, February 14th.

Postal Realty Trust has raised its dividend payment by an average of 17.0% per year over the last three years. Postal Realty Trust has a payout ratio of 1,066.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 $0.96 annual dividend with an expected future payout ratio of 110.3%.

Postal Realty Trust Trading Up 1.3 %

NYSE:PSTL opened at $13.14 on Friday. The stock has a market cap of $308.13 million, a price-to-earnings ratio of 164.27, a PEG ratio of 2.13 and a beta of 0.67. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.90. The company’s 50 day moving average price is $13.27 and its 200-day moving average price is $14.02. Postal Realty Trust has a 52 week low of $12.43 and a 52 week high of $15.15.

Postal Realty Trust (NYSE:PSTL) last issued its earnings results on Monday, November 4th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.23). Postal Realty Trust had a net margin of 4.55% and a return on equity of 1.06%. The business had revenue of $19.67 million for the quarter, compared to analysts’ expectations of $18.49 million. During the same quarter in the prior year, the business posted $0.27 earnings per share. On average, equities research analysts forecast that Postal Realty Trust will post 0.84 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Andrew Spodek bought 7,968 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average price of $13.00 per share, for a total transaction of $103,584.00. Following the completion of the acquisition, the chief executive officer now owns 277,518 shares of the company’s stock, valued at $3,607,734. This trade represents a 2.96 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 13.60% of the stock is owned by corporate insiders.

About Postal Realty Trust

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.