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%.
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.
Further Reading: What type of investment options does a Roth IRA provide?
Receive News & Ratings for Postal Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Postal Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.