Wall Street brokerages forecast that Postal Realty Trust (NYSE:PSTL) will announce earnings of $0.18 per share for the current quarter, Zacks reports. Three analysts have provided estimates for Postal Realty Trust’s earnings. The lowest EPS estimate is $0.16 and the highest is $0.20. The firm is scheduled to report its next quarterly earnings report on Monday, February 10th.
According to Zacks, analysts expect that Postal Realty Trust will report full-year earnings of $0.43 per share for the current fiscal year, with EPS estimates ranging from $0.40 to $0.45. For the next year, analysts forecast that the company will report earnings of $1.06 per share, with EPS estimates ranging from $1.00 to $1.12. Zacks Investment Research’s EPS averages 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 released its earnings results on Monday, November 11th. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.02). The business had revenue of $3.01 million during the quarter, compared to analysts’ expectations of $2.83 million.
In other news, CEO Andrew Spodek bought 3,900 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were purchased at an average price of $14.86 per share, for a total transaction of $57,954.00.
Several institutional investors have recently made changes to their positions in PSTL. Picton Mahoney Asset Management bought a new stake in shares of Postal Realty Trust during the 2nd quarter worth approximately $2,363,000. Penn Capital Management Co. Inc. bought a new stake in shares of Postal Realty Trust during the 2nd quarter worth approximately $2,271,000. Bard Associates Inc. bought a new stake in shares of Postal Realty Trust during the 2nd quarter worth approximately $1,696,000. Dubuque Bank & Trust Co. bought a new stake in shares of Postal Realty Trust during the 3rd quarter worth approximately $1,328,000. Finally, Macquarie Group Ltd. bought a new stake in shares of Postal Realty Trust during the 2nd quarter worth approximately $1,181,000. Institutional investors own 52.66% of the company’s stock.
NYSE PSTL opened at $15.90 on Monday. The company has a 50 day moving average price of $16.19. Postal Realty Trust has a 52 week low of $13.93 and a 52 week high of $17.37.
The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.52%. The ex-dividend date was Thursday, November 14th.
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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