Postal Realty Trust (PSTL) Expected to Announce Earnings on Wednesday

Postal Realty Trust (NYSE:PSTL) is projected to release its quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect Postal Realty Trust to post earnings of $0.02 per share and revenue of $18.11 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Postal Realty Trust Stock Performance

NYSE PSTL opened at $12.45 on Monday. The company has a market capitalization of $291.95 million, a P/E ratio of 155.64 and a beta of 0.67. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.57 and a current ratio of 1.57. Postal Realty Trust has a 52-week low of $12.26 and a 52-week high of $15.15. The company has a fifty day moving average of $13.07 and a 200-day moving average of $13.88.

Postal Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 7.79%. This is a positive change from Postal Realty Trust’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, February 14th. Postal Realty Trust’s dividend payout ratio is presently 1,212.65%.

Insider Activity

In other news, CEO Andrew Spodek bought 7,968 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average cost of $13.00 per share, with a total value of $103,584.00. Following the completion of the purchase, the chief executive officer now directly owns 277,518 shares in the company, valued at $3,607,734. This represents a 2.96 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 13.60% of the stock is currently owned by corporate 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.