Postal Realty Trust (NYSE:PSTL) Releases Earnings Results, Hits Expectations

Postal Realty Trust (NYSE:PSTL) issued its quarterly earnings data on Tuesday. The company reported $0.33 earnings per share (EPS) for the quarter, meeting 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 Stock Down 1.1%

PSTL traded down $0.23 during trading hours on Tuesday, hitting $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 price-to-earnings ratio of 40.47 and a beta of 0.74. Postal Realty Trust has a 1-year low of $12.26 and a 1-year high of $19.67. The stock’s 50-day moving average is $17.44 and its two-hundred day moving average is $16.10. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.00.

Postal Realty Trust Increases Dividend

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Postal Realty Trust

Large investors have recently modified their holdings of the business. Franklin Resources Inc. grew its holdings in shares of Postal Realty Trust by 4.8% in the 2nd quarter. Franklin Resources Inc. now owns 15,983 shares of the company’s stock valued at $235,000 after acquiring an additional 736 shares in the last quarter. Ieq Capital LLC grew its stake in Postal Realty Trust by 7.1% in the fourth quarter. Ieq Capital LLC now owns 12,518 shares of the company’s stock valued at $202,000 after purchasing an additional 827 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position 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 during the last quarter. PharVision Advisers LLC raised its stake in shares of Postal Realty Trust by 4.4% during the 3rd quarter. PharVision Advisers LLC now owns 26,491 shares of the company’s stock worth $416,000 after purchasing an additional 1,110 shares in the last quarter. Finally, Zacks Investment Management raised its stake in shares of Postal Realty Trust by 0.6% during the 4th quarter. Zacks Investment Management now owns 196,104 shares of the company’s stock worth $3,165,000 after purchasing an additional 1,132 shares in the last quarter. 57.89% of the stock is currently owned by institutional investors and hedge funds.

Postal Realty Trust Company Profile

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.