Postal Realty Trust, Inc. to Issue Dividend of $0.24 (NYSE:PSTL)

Postal Realty Trust, Inc. (NYSE:PSTL) announced a dividend on Thursday, January 30th,NASDAQ Dividends reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.2425 per share on Friday, February 28th. The ex-dividend date is Friday, February 14th.

Postal Realty Trust has raised its dividend payment by an average of 17.0% per year over the last three years. Postal Realty Trust has a payout ratio of 1,066.7% 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 $0.96 annual dividend with an expected future payout ratio of 110.3%.

Postal Realty Trust Stock Performance

Shares of NYSE PSTL opened at $13.14 on Friday. The stock has a market cap of $308.13 million, a PE ratio of 164.27, a price-to-earnings-growth ratio of 2.13 and a beta of 0.67. Postal Realty Trust has a 1 year low of $12.43 and a 1 year high of $15.15. The firm has a fifty day moving average price of $13.27 and a 200-day moving average price of $14.02. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.57 and a quick ratio of 1.57.

Postal Realty Trust (NYSE:PSTL) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.23). The business had revenue of $19.67 million during the quarter, compared to analysts’ expectations of $18.49 million. Postal Realty Trust had a return on equity of 1.06% and a net margin of 4.55%. During the same quarter in the previous year, the company posted $0.27 EPS. Equities analysts anticipate that Postal Realty Trust will post 0.84 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Andrew Spodek bought 7,968 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average price of $13.00 per share, for a total transaction of $103,584.00. Following the completion of the transaction, the chief executive officer now owns 277,518 shares in the company, valued at $3,607,734. The trade was a 2.96 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 13.60% of the stock is currently owned by company insiders.

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.