Postal Realty Trust (NYSE:PSTL) Posts Earnings Results, Misses Estimates By $0.17 EPS

Postal Realty Trust (NYSE:PSTLGet Rating) posted its earnings results on Wednesday. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.17), MarketWatch Earnings reports. Postal Realty Trust had a return on equity of 1.02% and a net margin of 5.14%. During the same quarter in the prior year, the firm posted $0.27 earnings per share.

NYSE:PSTL traded down $0.58 on Thursday, reaching $15.21. 178,607 shares of the stock traded hands, compared to its average volume of 132,662. The firm has a market capitalization of $285.42 million, a price-to-earnings ratio of 143.56, a price-to-earnings-growth ratio of 3.24 and a beta of 0.54. The company’s 50 day moving average is $17.28 and its 200-day moving average is $17.88. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.36. Postal Realty Trust has a 1-year low of $14.79 and a 1-year high of $21.27.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Friday, May 13th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 6.05%. The ex-dividend date of this dividend is Thursday, May 12th. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.23. Postal Realty Trust’s dividend payout ratio is currently 827.35%.

A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of Postal Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, April 12th. Truist Financial assumed coverage on Postal Realty Trust in a research note on Monday, February 7th. They issued a “hold” rating and a $19.00 price objective for the company. Aegis assumed coverage on Postal Realty Trust in a research note on Monday, March 21st. They issued a “buy” rating and a $23.00 price objective for the company. Finally, BMO Capital Markets downgraded Postal Realty Trust from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $22.00 to $19.00 in a research note on Friday, March 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $20.60.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Postal Realty Trust by 24.4% during the 1st quarter. BlackRock Inc. now owns 973,723 shares of the company’s stock valued at $16,378,000 after purchasing an additional 190,989 shares during the period. Rhumbline Advisers grew its position in shares of Postal Realty Trust by 22.0% during the 1st quarter. Rhumbline Advisers now owns 16,624 shares of the company’s stock worth $280,000 after buying an additional 2,998 shares during the period. Metropolitan Life Insurance Co NY grew its position in shares of Postal Realty Trust by 149.3% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 2,069 shares of the company’s stock worth $35,000 after buying an additional 1,239 shares during the period. MetLife Investment Management LLC acquired a new stake in shares of Postal Realty Trust during the 1st quarter worth approximately $153,000. Finally, D.A. Davidson & CO. acquired a new stake in shares of Postal Realty Trust during the 1st quarter worth approximately $201,000. 73.45% of the stock is owned by institutional investors and hedge funds.

Postal Realty Trust Company Profile (Get Rating)

Postal Realty Trust, Inc is an internally managed real estate investment trust that owns and manages over 1,000 properties leased to the USPS. The Company believes it is one of the largest owners and managers of properties leased to the USPS.

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Earnings History for Postal Realty Trust (NYSE:PSTL)

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