Postal Realty Trust (NYSE:PSTL – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03), FiscalAI reports. Postal Realty Trust had a net margin of 17.15% and a return on equity of 5.00%. The business had revenue of $30.28 million during the quarter, compared to the consensus estimate of $28.83 million.
Postal Realty Trust Stock Performance
PSTL traded down $0.53 during trading on Thursday, hitting $21.59. The stock had a trading volume of 148,772 shares, compared to its average volume of 308,464. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.50 and a quick ratio of 1.50. The company has a 50 day moving average price of $22.80 and a 200-day moving average price of $21.81. Postal Realty Trust has a one year low of $15.02 and a one year high of $25.22. The firm has a market cap of $596.43 million, a price-to-earnings ratio of 37.84 and a beta of 0.81.
Postal Realty Trust Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be paid a $0.2450 dividend. The ex-dividend date is Friday, November 13th. This represents a $0.98 annualized dividend and a yield of 4.5%. Postal Realty Trust’s payout ratio is 171.93%.
Analyst Upgrades and Downgrades
PSTL has been the topic of several research reports. BMO Capital Markets upped their price objective on shares of Postal Realty Trust from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, September 14th. Scotiabank restated an “outperform” rating on shares of Postal Realty Trust in a research note on Tuesday, September 1st. Weiss Ratings downgraded shares of Postal Realty Trust from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, October 6th. JPMorgan Chase & Co. upped their price target on shares of Postal Realty Trust from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, August 26th. Finally, Zacks Research lowered shares of Postal Realty Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Postal Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $25.38.
Read Our Latest Stock Analysis on Postal Realty Trust
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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