Postal Realty Trust (NYSE:PSTL) has earned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $17.90.
Separately, Zacks Investment Research raised shares of Postal Realty Trust from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Wednesday, October 16th.
In related news, CEO Andrew Spodek bought 3,900 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was purchased at an average cost of $14.86 per share, for a total transaction of $57,954.00.
Shares of NYSE PSTL traded down $0.01 during trading hours on Friday, hitting $16.00. 2,900 shares of the stock were exchanged, compared to its average volume of 30,538. The business’s 50 day moving average is $16.28. Postal Realty Trust has a one year low of $13.93 and a one year high of $17.37.
Postal Realty Trust (NYSE:PSTL) last posted its quarterly earnings data on Monday, November 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.02). The company had revenue of $3.01 million for the quarter, compared to analyst estimates of $2.83 million. As a group, sell-side analysts anticipate that Postal Realty Trust will post 0.28 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend is Thursday, November 14th.
Postal Realty Trust Company Profile
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: Stock Symbols, CUSIP and Other Stock Identifiers
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.