Postal Realty Trust (NYSE:PSTL) Posts Earnings Results, Hits Estimates

Postal Realty Trust (NYSE:PSTL) posted its quarterly earnings results on Tuesday. The company reported $0.33 earnings per share for the quarter, hitting the consensus estimate of $0.33, Zacks reports. Postal Realty Trust had a return on equity of 4.29% and a net margin of 15.36%.

Postal Realty Trust Price Performance

PSTL traded down $0.23 on Tuesday, reaching $19.43. 326,014 shares of the company’s stock were exchanged, compared to its average volume of 319,714. The stock has a market cap of $506.27 million, a PE ratio of 40.47 and a beta of 0.74. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.25 and a quick ratio of 1.25. Postal Realty Trust has a twelve month low of $12.26 and a twelve month high of $19.67. The stock’s fifty day moving average price is $17.44 and its 200-day moving average price is $16.10.

Postal Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a dividend of $0.245 per share. This is a boost from Postal Realty Trust’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.98 annualized dividend and a yield of 5.0%. Postal Realty Trust’s dividend payout ratio is presently 204.17%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC acquired a new position in Postal Realty Trust during the fourth quarter worth $27,000. Strs Ohio purchased a new stake in shares of Postal Realty Trust in the first quarter valued at $54,000. Federated Hermes Inc. increased its position in Postal Realty Trust by 1,156.7% during the 2nd quarter. Federated Hermes Inc. now owns 3,770 shares of the company’s stock worth $56,000 after purchasing an additional 3,470 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Postal Realty Trust by 360.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,882 shares of the company’s stock valued at $57,000 after purchasing an additional 3,038 shares during the last quarter. Finally, Comerica Bank grew its holdings in shares of Postal Realty Trust by 151.0% during the first quarter. Comerica Bank now owns 4,287 shares of the company’s stock worth $61,000 after buying an additional 2,579 shares in the last quarter. 57.89% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wall Street Zen lowered Postal Realty Trust from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Truist Financial set a $20.00 price target on shares of Postal Realty Trust and gave the company a “buy” rating in a report on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $18.25.

About Postal Realty Trust

Postal Realty Trust is a real estate investment trust that acquires, owns and manages single-tenant commercial properties net-leased primarily to the United States Postal Service and other government agencies. The trust focuses on facilities that support mail processing, distribution and retail operations, targeting assets that offer long-term, inflation-protected lease structures.

The company’s portfolio includes post offices, distribution centers and mail processing facilities located throughout the contiguous United States.