Postal Realty Trust, Inc. (NYSE:PSTL) Declares Quarterly Dividend of $0.24

Postal Realty Trust, Inc. (NYSE:PSTL) declared a quarterly dividend on Tuesday, April 30th, Wall Street Journal reports. Investors of record on Wednesday, May 8th will be paid a dividend of 0.24 per share on Friday, May 31st. This represents a $0.96 dividend on an annualized basis and a yield of 6.97%. The ex-dividend date of this dividend is Tuesday, May 7th.

Postal Realty Trust has raised its dividend by an average of 26.5% per year over the last three years and has raised its dividend every year for the last 2 years. Postal Realty Trust has a payout ratio of 564.7% 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 Stock Down 0.8 %

Shares of PSTL traded down $0.11 during mid-day trading on Friday, reaching $13.78. The company’s stock had a trading volume of 6,968 shares, compared to its average volume of 94,229. The company’s 50 day moving average is $13.95 and its 200 day moving average is $14.08. The stock has a market cap of $310.22 million, a PE ratio of 138.90, a price-to-earnings-growth ratio of 2.38 and a beta of 0.65. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.92 and a quick ratio of 1.92. Postal Realty Trust has a 12-month low of $12.98 and a 12-month high of $15.70.

Postal Realty Trust (NYSE:PSTL) last released its quarterly earnings results on Monday, February 26th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.21). The company had revenue of $17.00 million for the quarter, compared to analysts’ expectations of $16.48 million. Postal Realty Trust had a return on equity of 1.28% and a net margin of 5.82%. During the same period in the previous year, the business posted $0.28 EPS. Equities analysts anticipate that Postal Realty Trust will post 0.83 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Andrew Spodek acquired 8,709 shares of Postal Realty Trust stock in a transaction that occurred on Tuesday, April 16th. The stock was purchased at an average price of $13.50 per share, with a total value of $117,571.50. Following the completion of the transaction, the chief executive officer now owns 246,227 shares in the company, valued at $3,324,064.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Postal Realty Trust news, CEO Andrew Spodek acquired 8,709 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were acquired at an average price of $13.50 per share, with a total value of $117,571.50. Following the purchase, the chief executive officer now owns 246,227 shares of the company’s stock, valued at approximately $3,324,064.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Treasurer Jeremy Garber sold 3,651 shares of Postal Realty Trust stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $14.00, for a total transaction of $51,114.00. Following the completion of the sale, the treasurer now owns 233,020 shares in the company, valued at $3,262,280. The disclosure for this sale can be found here. Insiders have purchased 19,819 shares of company stock worth $270,057 in the last three months. 13.60% of the stock is currently owned by insiders.

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.