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

Postal Realty Trust, Inc. (NYSE:PSTL - Get Free Report) announced a quarterly dividend on Monday, July 21st, RTT News reports. Investors of record on Thursday, July 31st will be given a dividend of 0.2425 per share on Friday, August 29th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 6.59%.

Postal Realty Trust has a dividend payout ratio of 262.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Postal Realty Trust to earn $0.87 per share next year, which means the company may not be able to cover its $0.97 annual dividend with an expected future payout ratio of 111.5%.

Postal Realty Trust Stock Performance

Shares of PSTL stock traded up $0.21 during trading hours on Monday, hitting $14.73. The stock had a trading volume of 175,887 shares, compared to its average volume of 144,470. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market capitalization of $350.60 million, a PE ratio of 52.59 and a beta of 0.81. The stock's 50 day moving average is $14.33 and its 200 day moving average is $13.69. Postal Realty Trust has a twelve month low of $12.26 and a twelve month high of $15.42.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PSTL shares. Stifel Nicolaus decreased their target price on Postal Realty Trust from $16.75 to $16.50 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Wall Street Zen upgraded Postal Realty Trust from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Strs Ohio bought a new position in Postal Realty Trust during the first quarter worth about $54,000. Acadian Asset Management LLC bought a new position in Postal Realty Trust during the first quarter worth about $484,000. Jane Street Group LLC grew its stake in Postal Realty Trust by 234.2% in the 1st quarter. Jane Street Group LLC now owns 61,517 shares of the company's stock valued at $878,000 after buying an additional 43,111 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Postal Realty Trust by 5.0% in the first quarter. Goldman Sachs Group Inc. now owns 99,179 shares of the company's stock valued at $1,416,000 after buying an additional 4,759 shares during the period. Finally, Millennium Management LLC raised its position in shares of Postal Realty Trust by 313.7% in the 1st quarter. Millennium Management LLC now owns 378,517 shares of the company's stock valued at $5,405,000 after buying an additional 287,027 shares in the last quarter. Institutional investors and hedge funds own 57.89% of the company's stock.

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.

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