Postal Realty Trust (NYSE:PSTL) Issues Quarterly Earnings Results

Postal Realty Trust (NYSE:PSTL) posted its quarterly earnings data on Monday. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.23), Zacks reports. The firm had revenue of $19.67 million for the quarter, compared to the consensus estimate of $18.49 million. Postal Realty Trust had a return on equity of 1.10% and a net margin of 4.93%. During the same quarter in the previous year, the business earned $0.27 EPS.

Postal Realty Trust Stock Up 3.9 %

PSTL stock opened at $14.55 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 2.04. The stock has a market capitalization of $335.13 million, a price-to-earnings ratio of 181.88, a PEG ratio of 2.59 and a beta of 0.67. The business’s fifty day moving average price is $14.50 and its two-hundred day moving average price is $14.06. Postal Realty Trust has a fifty-two week low of $13.00 and a fifty-two week high of $15.15.

Postal Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 4th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 6.60%. The ex-dividend date of this dividend is Monday, November 4th. Postal Realty Trust’s payout ratio is 1,200.00%.

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.