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

Postal Realty Trust, Inc. (NYSE:PSTL - Get Free Report) declared a quarterly dividend on Monday, July 21st, RTT News reports. Investors of record on Thursday, July 31st will be paid 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 6.65%. The ex-dividend date is Thursday, July 31st.

Postal Realty Trust has a dividend payout ratio of 262.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 $0.97 annual dividend with an expected future payout ratio of 111.5%.

Postal Realty Trust Price Performance

Postal Realty Trust stock traded down $0.09 during mid-day trading on Thursday, reaching $14.58. 32,041 shares of the company's stock traded hands, compared to its average volume of 177,257. The company has a market cap of $347.15 million, a price-to-earnings ratio of 52.13 and a beta of 0.81. The stock has a 50 day moving average of $14.45 and a two-hundred day moving average of $13.71. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.97. Postal Realty Trust has a 12-month low of $12.26 and a 12-month high of $15.42.

Hedge Funds Weigh In On Postal Realty Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Postal Realty Trust by 6.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,204 shares of the company's stock worth $189,000 after buying an additional 844 shares during the last quarter. Comerica Bank raised its position in Postal Realty Trust by 151.0% during the 1st quarter. Comerica Bank now owns 4,287 shares of the company's stock worth $61,000 after buying an additional 2,579 shares during the last quarter. Strs Ohio purchased a new position in shares of Postal Realty Trust during the 1st quarter valued at approximately $54,000. Goldman Sachs Group Inc. increased its holdings in shares of Postal Realty Trust by 5.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 99,179 shares of the company's stock valued at $1,416,000 after purchasing an additional 4,759 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of Postal Realty Trust during the 1st quarter valued at approximately $484,000. 57.89% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

About Postal Realty Trust

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.