Analysts forecast that Postal Realty Trust (NYSE:PSTL) will announce earnings per share of $0.14 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Postal Realty Trust’s earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.15. The firm is scheduled to issue its next quarterly earnings results on Wednesday, November 13th.
According to Zacks, analysts expect that Postal Realty Trust will report full-year earnings of $0.42 per share for the current financial year, with EPS estimates ranging from $0.38 to $0.46. For the next financial year, analysts expect that the company will report earnings of $1.11 per share, with EPS estimates ranging from $1.10 to $1.11. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Postal Realty Trust.
Postal Realty Trust (NYSE:PSTL) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.14). The business had revenue of $2.41 million for the quarter, compared to the consensus estimate of $1.75 million.
PSTL has been the subject of a number of recent analyst reports. Janney Montgomery Scott initiated coverage on shares of Postal Realty Trust in a report on Friday, June 21st. They issued a “buy” rating and a $18.00 price objective for the company. B. Riley initiated coverage on shares of Postal Realty Trust in a report on Tuesday, July 2nd. They issued a “buy” rating and a $18.50 price objective for the company. Five investment analysts have rated the stock with a buy rating, Postal Realty Trust has a consensus rating of “Buy” and a consensus target price of $18.13.
PSTL traded down $0.06 on Wednesday, reaching $15.60. The stock had a trading volume of 3,151 shares, compared to its average volume of 34,186. Postal Realty Trust has a 12-month low of $13.93 and a 12-month high of $17.37. The company has a 50-day moving average price of $15.27.
In related news, CEO Andrew Spodek bought 3,900 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was acquired at an average price of $14.86 per share, with a total value of $57,954.00.
Several hedge funds have recently added to or reduced their stakes in the company. Taylor Wealth Management Partners purchased a new stake in shares of Postal Realty Trust during the second quarter worth about $5,132,000. Picton Mahoney Asset Management purchased a new stake in shares of Postal Realty Trust during the second quarter worth about $2,363,000. Penn Capital Management Co. Inc. purchased a new stake in shares of Postal Realty Trust during the second quarter worth about $2,271,000. Bard Associates Inc. purchased a new stake in shares of Postal Realty Trust during the second quarter worth about $1,696,000. Finally, State of New Jersey Common Pension Fund D purchased a new stake in shares of Postal Realty Trust during the second quarter worth about $1,260,000. 50.14% of the stock is owned by institutional investors and hedge funds.
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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