Postal Realty Trust, Inc. Announces Quarterly Dividend of $0.24 (NYSE:PSTL)

Postal Realty Trust, Inc. (NYSE:PSTL) announced a quarterly dividend on Wednesday, October 22nd. Shareholders of record on Tuesday, November 4th will be paid a dividend of 0.2425 per share on Friday, November 28th. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date is Tuesday, November 4th.

Postal Realty Trust has a dividend payout ratio of 262.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Postal Realty Trust to earn $0.87 per share next year, which means the company may not be able to cover its $0.97 annual dividend with an expected future payout ratio of 111.5%.

Postal Realty Trust Stock Up 1.0%

Shares of Postal Realty Trust stock opened at $15.34 on Thursday. The business’s fifty day moving average price is $15.47 and its two-hundred day moving average price is $14.50. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market capitalization of $376.93 million, a P/E ratio of 40.36 and a beta of 0.86. Postal Realty Trust has a 1-year low of $12.26 and a 1-year high of $16.50.

Insider Activity

In related news, CAO Matt Brandwein sold 4,112 shares of Postal Realty Trust stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $16.00, for a total value of $65,792.00. Following the transaction, the chief accounting officer directly owned 109,722 shares in the company, valued at $1,755,552. The trade was a 3.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 13.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Postal Realty Trust

A number of hedge funds have recently modified their holdings of PSTL. Cullen Frost Bankers Inc. grew its holdings in shares of Postal Realty Trust by 225.2% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,026 shares of the company’s stock worth $30,000 after acquiring an additional 1,403 shares during the last quarter. CWM LLC grew its holdings in shares of Postal Realty Trust by 195.5% in the 2nd quarter. CWM LLC now owns 2,237 shares of the company’s stock worth $33,000 after acquiring an additional 1,480 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of Postal Realty Trust by 45.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,258 shares of the company’s stock worth $33,000 after acquiring an additional 710 shares during the last quarter. Strs Ohio acquired a new position in shares of Postal Realty Trust in the 1st quarter worth $54,000. Finally, Federated Hermes Inc. grew its holdings in shares of Postal Realty Trust by 1,156.7% during the second quarter. Federated Hermes Inc. now owns 3,770 shares of the company’s stock valued at $56,000 after buying an additional 3,470 shares in the last quarter. 57.89% of the stock is currently owned by institutional investors and hedge funds.

Postal Realty Trust Company Profile

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.