Postal Realty Trust (NYSE:PSTL) Releases Earnings Results, Beats Expectations By $0.03 EPS

Key Points

• Postal Realty Trust reported earnings of $0.33 EPS for the quarter, exceeding analyst predictions of $0.30.
• The company announced a quarterly dividend of $0.2425 per share, representing a significant annualized yield of 7.0%.
• Notable increases in institutional ownership include Comerica Bank raising its stake by 151.0% in the first quarter.

Postal Realty Trust (NYSE:PSTL - Get Free Report) released its quarterly earnings data on Monday. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.03, Zacks reports. Postal Realty Trust had a return on equity of 2.71% and a net margin of 10.43%.

Postal Realty Trust Trading Up 1.9%

Shares of NYSE PSTL traded up $0.26 during midday trading on Monday, reaching $13.96. 149,872 shares of the stock were exchanged, compared to its average volume of 176,068. The business has a 50-day simple moving average of $14.57 and a two-hundred day simple moving average of $13.79. The company has a market capitalization of $332.21 million, a price-to-earnings ratio of 49.84 and a beta of 0.84. Postal Realty Trust has a 12 month low of $12.26 and a 12 month high of $15.42. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.38 and a quick ratio of 1.38.

Postal Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Thursday, July 31st will be issued a dividend of $0.2425 per share. The ex-dividend date is Thursday, July 31st. This represents a $0.97 dividend on an annualized basis and a yield of 7.0%. Postal Realty Trust's dividend payout ratio (DPR) is 346.43%.

Hedge Funds Weigh In On Postal Realty Trust

Institutional investors have recently modified their holdings of the business. Comerica Bank lifted its stake in Postal Realty Trust by 151.0% in the 1st quarter. Comerica Bank now owns 4,287 shares of the company's stock valued at $61,000 after acquiring an additional 2,579 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of 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 purchasing an additional 844 shares in the last quarter. Millennium Management LLC raised its holdings 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 purchasing an additional 287,027 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Postal Realty Trust by 5.0% in 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 during the period. Finally, Jane Street Group LLC raised its holdings in shares of 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 purchasing an additional 43,111 shares during the period. Institutional investors own 57.89% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PSTL. Wall Street Zen cut shares of Postal Realty Trust from a "buy" rating to a "hold" rating in a research note on Saturday. Stifel Nicolaus lowered their price target 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.

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.

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