Postal Realty Trust, Inc. (NYSE:PSTL – Get Free Report) declared a quarterly dividend on Tuesday, May 5th. Investors of record on Friday, May 15th will be given a dividend of 0.245 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Friday, May 15th.
Postal Realty Trust has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Postal Realty Trust has a payout ratio of 264.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Postal Realty Trust to earn $1.33 per share next year, which means the company should continue to be able to cover its $0.98 annual dividend with an expected future payout ratio of 73.7%.
Postal Realty Trust Trading Down 0.2%
NYSE PSTL opened at $23.30 on Wednesday. The stock has a market cap of $640.08 million, a P/E ratio of 45.69 and a beta of 0.78. The company’s fifty day simple moving average is $20.17 and its 200-day simple moving average is $17.91. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.04. Postal Realty Trust has a 52 week low of $12.51 and a 52 week high of $23.87.
Analysts Set New Price Targets
Several research analysts have recently commented on PSTL shares. Scotiabank lifted their price target on shares of Postal Realty Trust from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday. BMO Capital Markets raised shares of Postal Realty Trust from a “market perform” rating to an “outperform” rating and set a $23.00 target price on the stock in a report on Friday, April 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Postal Realty Trust in a report on Tuesday, April 14th. JPMorgan Chase & Co. increased their price target on Postal Realty Trust from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, March 16th. Finally, Zacks Research downgraded Postal Realty Trust from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.71.
View Our Latest Analysis on PSTL
Postal Realty Trust Company Profile
Postal Realty Trust is a real estate investment trust that acquires, owns and manages single-tenant commercial properties net-leased primarily to the United States Postal Service and other government agencies. The trust focuses on facilities that support mail processing, distribution and retail operations, targeting assets that offer long-term, inflation-protected lease structures.
The company’s portfolio includes post offices, distribution centers and mail processing facilities located throughout the contiguous United States.
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