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

Postal Realty Trust (NASDAQ:PSTL) issued its quarterly earnings results on Wednesday. The company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.14), Fidelity Earnings reports. The company had revenue of $2.41 million during the quarter, compared to the consensus estimate of $1.75 million.

NASDAQ:PSTL traded up $0.10 during trading hours on Friday, reaching $15.00. The stock had a trading volume of 4,676 shares, compared to its average volume of 40,966. The stock has a 50 day moving average of $15.18. Postal Realty Trust has a 12-month low of $13.93 and a 12-month high of $17.37.

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

PSTL has been the subject of a number of recent research reports. Stifel Nicolaus initiated coverage on Postal Realty Trust in a research report on Monday, June 10th. They issued a “buy” rating and a $18.00 target price for the company. BMO Capital Markets initiated coverage on Postal Realty Trust in a research report on Monday, June 10th. They issued an “outperform” rating and a $18.00 target price for the company. DA Davidson initiated coverage on Postal Realty Trust in a research report on Monday, June 10th. They issued a “buy” rating for the company. B. Riley initiated coverage on Postal Realty Trust in a research report on Tuesday, July 2nd. They issued a “buy” rating and a $18.50 target price for the company. Finally, Janney Montgomery Scott initiated coverage on Postal Realty Trust in a research report on Friday, June 21st. They issued a “buy” rating and a $18.00 target price for the company. Five equities research analysts have rated the stock with a buy rating, The company currently 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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