Equities research analysts expect Postal Realty Trust (NASDAQ:PSTL) to announce $0.08 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Postal Realty Trust’s earnings, with estimates ranging from $0.06 to $0.09. The company is expected to report its next quarterly earnings report on Wednesday, November 13th.
On average, analysts expect that Postal Realty Trust will report full year earnings of $0.28 per share for the current fiscal year, with EPS estimates ranging from $0.25 to $0.31. For the next year, analysts forecast that the company will post earnings of $0.92 per share, with EPS estimates ranging from $0.89 to $0.95. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Postal Realty Trust.
Postal Realty Trust (NASDAQ:PSTL) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.14). The company had revenue of $2.41 million during the quarter, compared to analyst estimates of $1.75 million.
Several equities analysts have weighed in on the company. BMO Capital Markets assumed coverage on Postal Realty Trust in a report on Monday, June 10th. They issued an “outperform” rating and a $18.00 price objective for the company. B. Riley assumed coverage on Postal Realty Trust in a report on Tuesday, July 2nd. They issued a “buy” rating and a $18.50 price objective for the company. Janney Montgomery Scott assumed coverage on Postal Realty Trust in a report on Friday, June 21st. They issued a “buy” rating and a $18.00 price objective for the company. DA Davidson assumed coverage on Postal Realty Trust in a report on Monday, June 10th. They issued a “buy” rating for the company. Finally, Stifel Nicolaus assumed coverage on Postal Realty Trust in a report on Monday, June 10th. They issued a “buy” rating and a $18.00 price objective for the company. Five investment 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.
NASDAQ:PSTL remained flat at $$14.85 during mid-day trading on Monday. The company had a trading volume of 709 shares, compared to its average volume of 34,650. The business’s fifty day moving average is $14.92. Postal Realty Trust has a 1-year low of $13.93 and a 1-year high of $17.37.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC acquired a new position in Postal Realty Trust in the 2nd quarter valued at $447,000. Bard Associates Inc. bought a new position in shares of Postal Realty Trust in the 2nd quarter valued at $1,696,000. Taylor Wealth Management Partners bought a new stake in Postal Realty Trust during the 2nd quarter worth $5,132,000. Picton Mahoney Asset Management bought a new stake in Postal Realty Trust during the 2nd quarter worth $2,363,000. Finally, Monarch Partners Asset Management LLC bought a new stake in Postal Realty Trust during the 2nd quarter worth $1,051,000.
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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