Postal Realty Trust, Inc. Announces Quarterly Dividend of $0.24 (NYSE:PSTL)

Postal Realty Trust, Inc. (NYSE:PSTL) 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.

Insiders Place Their Bets

In other Postal Realty Trust news, Treasurer Jeremy Garber sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $14.02, for a total transaction of $140,200.00. Following the transaction, the treasurer now owns 223,020 shares in the company, valued at approximately $3,126,740.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Postal Realty Trust news, CEO Andrew Spodek bought 2,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were bought at an average price of $13.25 per share, for a total transaction of $26,500.00. Following the transaction, the chief executive officer now owns 249,518 shares of the company’s stock, valued at approximately $3,306,113.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Treasurer Jeremy Garber sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $14.02, for a total value of $140,200.00. Following the transaction, the treasurer now owns 223,020 shares in the company, valued at approximately $3,126,740.40. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 17,563 shares of company stock worth $230,496. Company insiders own 13.60% of the company’s stock.

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.

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.