Postal Realty Trust (NYSE:PSTL - Get Free Report) is projected to announce its earnings results after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of $0.02 per share and revenue of $18.11 million for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.
Postal Realty Trust Stock Performance
NYSE PSTL traded down $0.08 on Wednesday, reaching $12.99. 121,969 shares of the stock were exchanged, compared to its average volume of 124,678. The firm has a market capitalization of $304.62 million, a PE ratio of 162.40 and a beta of 0.67. Postal Realty Trust has a one year low of $12.43 and a one year high of $15.15. The company's 50-day simple moving average is $13.13 and its two-hundred day simple moving average is $13.91. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.90.
Postal Realty Trust Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a dividend yield of 7.47%. This is an increase from Postal Realty Trust's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, February 14th. Postal Realty Trust's dividend payout ratio (DPR) is presently 1,212.65%.
Insiders Place Their Bets
In related news, CEO Andrew Spodek bought 7,968 shares of the stock in a transaction dated Thursday, December 19th. The shares were purchased at an average price of $13.00 per share, with a total value of $103,584.00. Following the completion of the acquisition, the chief executive officer now owns 277,518 shares of the company's stock, valued at $3,607,734. This represents a 2.96 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 13.20% of the stock is currently owned by company insiders.
Postal Realty Trust Company Profile
(
Get Free Report)
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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