Postal Realty Trust (NASDAQ:PSTL) Issues Earnings Results, Misses Estimates By $0.14 EPS

Postal Realty Trust (NASDAQ:PSTL) released its earnings results on Wednesday. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.14), Fidelity Earnings reports. The company had revenue of $2.41 million for the quarter, compared to analyst estimates of $1.75 million.

PSTL traded up $0.26 during trading on Thursday, hitting $14.51. 2,600 shares of the company traded hands, compared to its average volume of 41,179. The firm’s fifty day moving average price is $15.18. Postal Realty Trust has a one year low of $13.93 and a one year high of $17.37.

The business also recently declared an annual dividend, which was paid on Wednesday, July 31st. Investors of record on Tuesday, July 9th were given a dividend of $0.063 per share. The ex-dividend date was Monday, July 8th. This represents a yield of 0.41%.



A number of research analysts recently weighed in on PSTL shares. DA Davidson began coverage on shares of Postal Realty Trust in a research report on Monday, June 10th. They issued a “buy” rating for the company. B. Riley started coverage on shares of Postal Realty Trust in a research note on Tuesday, July 2nd. They set a “buy” rating and a $18.50 target price for the company. BMO Capital Markets started coverage on shares of Postal Realty Trust in a research note on Monday, June 10th. They set an “outperform” rating and a $18.00 target price for the company. Janney Montgomery Scott started coverage on shares of Postal Realty Trust in a research note on Friday, June 21st. They set a “buy” rating and a $18.00 target price for the company. Finally, Stifel Nicolaus began coverage on shares of Postal Realty Trust in a research note on Monday, June 10th. They set a “buy” rating and a $18.00 target price for the company. Five research analysts have rated the stock with a buy rating, Postal Realty Trust has an average rating of “Buy” and a consensus target price of $18.13.

About Postal Realty Trust

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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