Postal Realty Trust (PSTL) Projected to Post Earnings on Wednesday

Postal Realty Trust (NYSE:PSTL) is expected to be releasing its 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. Persons interested in registering for the company’s earnings conference call can do so using this link.

Postal Realty Trust Stock Performance

Postal Realty Trust stock opened at $12.48 on Tuesday. The company has a 50 day moving average price of $13.05 and a 200-day moving average price of $13.86. 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 fifty-two week low of $12.26 and a fifty-two week high of $15.15. The company has a market capitalization of $292.67 million, a PE ratio of 156.01 and a beta of 0.67.

Postal Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a dividend yield of 7.77%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.24. Postal Realty Trust’s payout ratio is currently 1,212.50%.

Insider Activity

In other Postal Realty Trust news, CEO Andrew Spodek acquired 7,968 shares of the business’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 acquisition, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 13.60% of the company’s stock.

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.