Postal Realty Trust (NYSE:PSTL) Announces Quarterly Earnings Results, Misses Expectations By $0.23 EPS

Postal Realty Trust (NYSE:PSTL) released its quarterly earnings data on Monday. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.23), Zacks reports. Postal Realty Trust had a net margin of 4.93% and a return on equity of 1.10%. The business had revenue of $19.67 million during the quarter, compared to analyst estimates of $18.49 million. During the same period last year, the business earned $0.27 earnings per share.

Postal Realty Trust Stock Performance

NYSE:PSTL opened at $14.55 on Wednesday. The stock has a market cap of $335.13 million, a P/E ratio of 181.88, a price-to-earnings-growth ratio of 2.59 and a beta of 0.67. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.88. The stock’s 50-day moving average is $14.50 and its 200-day moving average is $14.06. Postal Realty Trust has a 1-year low of $13.00 and a 1-year high of $15.15.

Postal Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 4th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 6.60%. The ex-dividend date of this dividend is Monday, November 4th. Postal Realty Trust’s dividend payout ratio (DPR) is currently 1,200.00%.

About Postal Realty Trust

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.