Brokerages Expect Postal Realty Trust (NASDAQ:PSTL) Will Announce Earnings of $0.14 Per Share

Equities analysts forecast that Postal Realty Trust (NASDAQ:PSTL) will report earnings of $0.14 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Postal Realty Trust’s earnings. The highest EPS estimate is $0.15 and the lowest is $0.12. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Postal Realty Trust will report full year earnings of $0.62 per share for the current year, with EPS estimates ranging from $0.48 to $0.71. For the next fiscal year, analysts forecast that the company will post earnings of $1.10 per share, with EPS estimates ranging from $0.96 to $1.19. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Postal Realty Trust.

A number of brokerages have recently commented on PSTL. Stifel Nicolaus upped their price target on Raytheon from $205.00 to $218.00 and gave the company a “buy” rating in a research note on Monday, June 10th. DA Davidson started coverage on Postal Realty Trust in a research report on Monday, June 10th. They issued a “buy” rating for the company. BMO Capital Markets started coverage on Mplx in a research report on Monday, June 10th. They issued a “market perform” rating and a $35.00 price objective for the company. B. Riley reiterated a “buy” rating on shares of RumbleON in a research report on Tuesday, July 2nd. Finally, Janney Montgomery Scott started coverage on Four Corners Property Trust in a research report on Friday, June 21st. They issued a “buy” rating and a $32.00 price objective for the company. Five analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average price target of $18.13.

A number of large investors have recently added to or reduced their stakes in PSTL. Janney Montgomery Scott LLC bought a new stake in shares of Postal Realty Trust during the 2nd quarter worth approximately $447,000. State of New Jersey Common Pension Fund D bought a new stake in shares of Postal Realty Trust during the 2nd quarter worth approximately $1,260,000. Finally, Taylor Wealth Management Partners bought a new stake in shares of Postal Realty Trust during the 2nd quarter worth approximately $5,132,000.

Shares of PSTL stock traded up $0.13 on Friday, reaching $15.22. The company had a trading volume of 15 shares, compared to its average volume of 46,786. The stock’s 50-day simple moving average is $15.34. Postal Realty Trust has a 12 month low of $14.25 and a 12 month high of $17.37.

The company also recently declared an annual dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 9th will be given a dividend of $0.063 per share. This represents a yield of 0.41%. The ex-dividend date of this dividend is Monday, July 8th.

About Postal Realty Trust

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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Earnings History and Estimates for Postal Realty Trust (NASDAQ:PSTL)

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