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

Key Points

• Postal Realty Trust declared a quarterly dividend of $0.245 per share, payable November 27 to shareholders of record on November 13. The annualized dividend is $0.98 per share, yielding approximately 4.5%.
• The company’s current dividend payout ratio is 264.9%, meaning earnings do not presently cover the dividend; however, analysts expect next year’s earnings to support a lower projected payout ratio of 71.5%.
• Postal Realty Trust recently exceeded quarterly earnings and revenue estimates, reporting $0.15 in EPS and $28.58 million in revenue. Institutional investors own approximately 57.89% of the company’s shares.

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 yield of 4.5%. The ex-dividend date is Friday, November 13th.

Postal Realty Trust has a dividend payout ratio of 264.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Trading Up 0.4%

Postal Realty Trust stock opened at $21.66 on Tuesday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.92. Postal Realty Trust has a 12 month low of $14.42 and a 12 month high of $25.22. The stock's 50 day simple moving average is $22.86 and its two-hundred day simple moving average is $21.76. The firm has a market cap of $598.25 million, a PE ratio of 15.77 and a beta of 0.79.

Postal Realty Trust (NYSE:PSTL - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. Postal Realty Trust had a net margin of 16.42% and a return on equity of 4.63%. The firm had revenue of $28.58 million during the quarter, compared to analyst estimates of $26.27 million. Analysts anticipate that Postal Realty Trust will post 1.23 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Ancora Advisors LLC purchased a new position in Postal Realty Trust during the second quarter valued at $3,789,000. Principal Financial Group Inc. purchased a new stake in shares of Postal Realty Trust during the first quarter worth about $822,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Postal Realty Trust during the second quarter worth about $736,000. Quantinno Capital Management LP increased its stake in shares of Postal Realty Trust by 34.1% during the first quarter. Quantinno Capital Management LP now owns 93,279 shares of the company's stock worth $1,731,000 after purchasing an additional 23,724 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Postal Realty Trust by 11.8% during the first quarter. Dimensional Fund Advisors LP now owns 344,621 shares of the company's stock worth $6,396,000 after purchasing an additional 36,261 shares in the last quarter. 57.89% of the stock is owned by institutional investors and hedge funds.

Postal Realty Trust Company Profile

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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