Postal Realty Trust (NYSE:PSTL) Releases Earnings Results, Misses Expectations By $0.02 EPS

Postal Realty Trust (NYSE:PSTL) issued its earnings results on Monday. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.02), Fidelity Earnings reports. The company had revenue of $3.01 million during the quarter, compared to analyst estimates of $2.83 million.

Shares of NYSE PSTL traded up $0.10 during mid-day trading on Tuesday, reaching $16.50. The company had a trading volume of 310 shares, compared to its average volume of 16,313. The business has a 50-day moving average price of $16.22. Postal Realty Trust has a 1-year low of $13.93 and a 1-year high of $17.37.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Thursday, November 14th.

Separately, Zacks Investment Research upgraded Postal Realty Trust from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Wednesday, October 16th. Six analysts have rated the stock with a buy rating, Postal Realty Trust presently has a consensus rating of “Buy” and a consensus price target of $17.90.

In related news, CEO Andrew Spodek bought 3,900 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were acquired at an average cost of $14.86 per share, for a total transaction of $57,954.00.

Postal Realty Trust Company Profile

Postal Realty Trust, Inc is an internally managed real estate investment trust that will own and manage properties leased to the United States Postal Service, or USPS. Upon completion of the offering and related formation transactions, the Company will own and manage an initial portfolio of 271 postal properties located in 41 states comprising 871,843 net leasable interior square feet, all of which are leased to the USPS, and through its taxable REIT subsidiary will provide fee-based third party property management services for an additional 404 postal properties leased to the USPS and owned by family members of Andrew Spodek, the Company's chief executive officer, and their partners.

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