Analysts Expect Postal Realty Trust (NASDAQ:PSTL) to Post $0.15 EPS
Equities research analysts expect Postal Realty Trust (NASDAQ:PSTL) to post $0.15 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Postal Realty Trust’s earnings, with estimates ranging from $0.12 to $0.17. The firm is expected to report its next quarterly earnings results on Wednesday, November 13th.
On average, analysts expect that Postal Realty Trust will report full year earnings of $0.51 per share for the current year, with EPS estimates ranging from $0.38 to $0.69. For the next financial year, analysts anticipate that the company will post earnings of $1.05 per share, with EPS estimates ranging from $0.96 to $1.10. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Postal Realty Trust.
Postal Realty Trust (NASDAQ:PSTL) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.14). The company had revenue of $2.41 million during the quarter, compared to analyst estimates of $1.75 million.
Several institutional investors have recently bought and sold shares of the company. Taylor Wealth Management Partners bought a new position in shares of Postal Realty Trust in the second quarter worth $5,132,000. Picton Mahoney Asset Management purchased a new stake in Postal Realty Trust during the second quarter valued at about $2,363,000. Penn Capital Management Co. Inc. purchased a new position in shares of Postal Realty Trust in the second quarter worth about $2,271,000. Bard Associates Inc. purchased a new position in shares of Postal Realty Trust in the second quarter worth about $1,696,000. Finally, State of New Jersey Common Pension Fund D purchased a new position in shares of Postal Realty Trust in the second quarter worth about $1,260,000.
Shares of Postal Realty Trust stock traded up $0.12 on Monday, hitting $15.01. 78 shares of the company’s stock traded hands, compared to its average volume of 34,716. Postal Realty Trust has a one year low of $13.93 and a one year high of $17.37. The firm’s fifty day moving average price is $14.93.
About Postal Realty Trust
Postal Realty Trust, Inc is an internally managed real estate investment trust that will own and manage properties leased to the United States Postal Service, or USPS. Upon completion of the offering and related formation transactions, the Company will own and manage an initial portfolio of 271 postal properties located in 41 states comprising 871,843 net leasable interior square feet, all of which are leased to the USPS, and through its taxable REIT subsidiary will provide fee-based third party property management services for an additional 404 postal properties leased to the USPS and owned by family members of Andrew Spodek, the Company's chief executive officer, and their partners.
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