Postal Realty Trust, Inc. (NYSE:PSTL – Get Free Report) declared a quarterly dividend on Monday, November 2nd. Shareholders of record on Friday, November 13th will be paid a dividend of $0.2450 per share on Friday, November 27th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, November 13th.
Postal Realty Trust has a dividend payout ratio of 264.9% indicating that 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 $1.37 per share next year, which means the company should continue to be able to cover its $0.98 annual dividend with an expected future payout ratio of 71.5%.
Postal Realty Trust Stock Performance
NYSE PSTL opened at $21.66 on Tuesday. The company has a market cap of $598.25 million, a PE ratio of 15.77 and a beta of 0.79. The stock’s 50 day simple moving average is $22.86 and its 200-day simple moving average is $21.76. Postal Realty Trust has a 1-year low of $14.42 and a 1-year high of $25.22. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.50 and a quick ratio of 1.50.
Postal Realty Trust (NYSE:PSTL – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The firm had revenue of $28.58 million for the quarter, compared to analyst estimates of $26.27 million. Postal Realty Trust had a return on equity of 4.63% and a net margin of 16.42%. As a group, equities research analysts anticipate that Postal Realty Trust will post 1.23 EPS for the current fiscal year.
About Postal Realty Trust
Postal Realty Trust, Inc (NYSE:PSTL) is a real estate investment trust focused on acquiring, owning, managing and developing properties that are leased primarily to the United States Postal Service. Its portfolio is concentrated in postal facilities, including post offices and other properties used for postal operations.
The company generally leases its properties under long-term agreements, allowing it to generate rental income from a specialized portfolio of mission-critical facilities.
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