Postal Realty Trust (NYSE:PSTL) announced its quarterly earnings data on Wednesday. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09), MarketWatch Earnings reports.
PSTL opened at $13.26 on Thursday. The business’s 50-day simple moving average is $15.14 and its 200-day simple moving average is $15.88. Postal Realty Trust has a one year low of $10.84 and a one year high of $18.20.
The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, February 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.13%. This is a boost from Postal Realty Trust’s previous quarterly dividend of $0.14.
In other news, CEO Andrew Spodek bought 3,100 shares of the business’s stock in a transaction dated Monday, March 23rd. The shares were acquired at an average price of $11.75 per share, for a total transaction of $36,425.00. Following the completion of the transaction, the chief executive officer now owns 637,058 shares of the company’s stock, valued at $7,485,431.50. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have bought 14,123 shares of company stock worth $176,781 in the last quarter.
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.
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