Analysts expect Postal Realty Trust, Inc. (NYSE:PSTL) to report sales of $10.65 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Postal Realty Trust’s earnings. The highest sales estimate is $10.80 million and the lowest is $10.50 million. Postal Realty Trust posted sales of $7.58 million in the same quarter last year, which suggests a positive year-over-year growth rate of 40.5%. The business is expected to issue its next quarterly earnings report on Tuesday, March 22nd.
According to Zacks, analysts expect that Postal Realty Trust will report full-year sales of $39.45 million for the current fiscal year, with estimates ranging from $39.40 million to $39.50 million. For the next year, analysts anticipate that the firm will post sales of $45.65 million, with estimates ranging from $42.40 million to $48.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Postal Realty Trust.
Postal Realty Trust (NYSE:PSTL) last posted its quarterly earnings data on Monday, November 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.20). Postal Realty Trust had a return on equity of 1.09% and a net margin of 4.92%. During the same quarter in the prior year, the company earned $0.24 EPS.
Postal Realty Trust stock traded down $0.31 during midday trading on Friday, reaching $18.10. 117,342 shares of the company traded hands, compared to its average volume of 106,324. The firm has a market capitalization of $247.64 million, a price-to-earnings ratio of 164.56, a price-to-earnings-growth ratio of 3.30 and a beta of 0.56. The business has a 50 day moving average of $18.49 and a two-hundred day moving average of $18.88. Postal Realty Trust has a 12 month low of $15.51 and a 12 month high of $21.27. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.11 and a quick ratio of 1.11.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 30th. Investors of record on Monday, November 15th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.97%. The ex-dividend date was Friday, November 12th. This is a positive change from Postal Realty Trust’s previous quarterly dividend of $0.22. Postal Realty Trust’s payout ratio is presently 818.26%.
In related news, CEO Andrew Spodek bought 58,823 shares of the firm’s stock in a transaction on Tuesday, November 16th. The shares were bought at an average price of $17.00 per share, with a total value of $999,991.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 16.90% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. State Street Corp purchased a new position in shares of Postal Realty Trust during the second quarter worth approximately $2,475,000. Vanguard Group Inc. raised its stake in shares of Postal Realty Trust by 37.9% during the 2nd quarter. Vanguard Group Inc. now owns 708,475 shares of the company’s stock worth $12,922,000 after buying an additional 194,742 shares during the last quarter. Pinz Capital Management LP purchased a new stake in Postal Realty Trust during the 2nd quarter worth about $97,000. Deutsche Bank AG increased its position in Postal Realty Trust by 667,950.0% during the 2nd quarter. Deutsche Bank AG now owns 13,361 shares of the company’s stock worth $244,000 after purchasing an additional 13,359 shares in the last quarter. Finally, Foundry Partners LLC increased its position in Postal Realty Trust by 20.1% during the 3rd quarter. Foundry Partners LLC now owns 235,450 shares of the company’s stock worth $4,389,000 after purchasing an additional 39,425 shares in the last quarter. Institutional investors own 69.45% of the company’s stock.
Postal Realty Trust Company Profile
Postal Realty Trust, Inc is an internally managed real estate investment trust that owns and manages over 1,000 properties leased to the USPS. The Company believes it is one of the largest owners and managers of properties leased to the USPS.
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