Postal Realty Trust, Inc. (NYSE:PSTL – Get Free Report) announced a quarterly dividend on Tuesday, July 23rd, Wall Street Journal reports. Shareholders of record on Friday, August 2nd will be given a dividend of 0.24 per share on Friday, August 30th. This represents a $0.96 annualized dividend and a yield of 6.58%. The ex-dividend date of this dividend is Friday, August 2nd.
Postal Realty Trust has raised its dividend payment by an average of 26.5% annually over the last three years. Postal Realty Trust has a payout ratio of 600.0% 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 $0.84 per share next year, which means the company may not be able to cover its $0.96 annual dividend with an expected future payout ratio of 114.3%.
Postal Realty Trust Stock Performance
PSTL traded down $0.02 on Wednesday, hitting $14.58. 146,715 shares of the company traded hands, compared to its average volume of 103,655. The company has a 50 day moving average of $13.53 and a 200-day moving average of $13.86. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $330.46 million, a PE ratio of 145.80, a PEG ratio of 2.64 and a beta of 0.67. Postal Realty Trust has a 12-month low of $12.98 and a 12-month high of $15.48.
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Analyst Upgrades and Downgrades
Separately, Stifel Nicolaus reaffirmed a “buy” rating and set a $15.50 price objective on shares of Postal Realty Trust in a research note on Monday, June 17th.
Check Out Our Latest Report on Postal Realty Trust
Postal Realty Trust Company Profile
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.
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