|Bid||0.00 x 900|
|Ask||0.00 x 900|
|Day's Range||15.93 - 16.39|
|52 Week Range||10.84 - 19.48|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 10, 2020|
|Forward Dividend & Yield||0.79 (4.92%)|
|Ex-Dividend Date||Nov 13, 2020|
|1y Target Est||18.11|
We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are...
Postal Realty Trust’s third-quarter revenues more than doubled to $6.3 million from $3 billion in the year-ago quarter and exceeded the Street estimates of $5.02 million.Meanwhile, its 3Q loss of $0.01 per share was slightly smaller than the loss of $0.03 per shares expected by analysts and compared to a loss of $0.06 a year ago. The company’s adjusted funds from operations stood at $0.24 per share in 3Q. (See PSTL stock analysis on TipRanks).Postal Realty’s (PSTL) rental income increased 13.6% quarter-over-quarter, reflecting the benefits from the acquired properties. The company acquired 123 USPS (United States Postal Service) properties for $27.6 million during the quarter. In addition, it bought USPS properties (comprised of 14 buildings) worth $8 million, subsequent to the end of 3Q.On Oct. 30, 2020, the company’s board announced a 5% hike in its quarterly dividend to $0.215 per share. The current dividend yield stands at 5.7%. The company said the new dividend will be payable on Nov. 30 to stockholders of record as of Nov. 16.Following the 3Q results, BMO Capital analyst Frank Lee maintained a Buy rating and a price target of $18 (22.5% upside potential). Lee said that “PSTL is holding up well in the current environment with 3Q coming in ahead of expectations and 100% of its rents collected.” The analyst added that “The roll-up story remains intact, with $36mm of acquisitions in 3Q/Oct ($77mm YTD) and an additional $57mm in later-stage agreements, which puts PSTL on track to meet its FY20 $100mm target.”Currently, the Street has a bullish outlook on the stock. The Strong Buy analyst consensus is based on 3 Buys versus only 1 Hold. The average price target stands at $17.13 implying upside potential of about 14% to current levels. Shares are down by about 13.3% year-to-date.Related News: Simon Property Misses 3Q Sales Estimates; Shares Slip 4% Rocket Slides 10% In Pre-Market On Slower 3Q Loan Growth Rockwell Slips On 4Q Sales Miss; Analyst Stays Bullish More recent articles from Smarter Analyst: * Advance Auto Parts' 3Q Profit Jumps 34%; Analyst Sticks To Hold * GameStop To Redeem $125M In Notes Early; Street Sees 38% Downside * Corbus Pharma Drops 6% On 3Q Miss; Street Sees 79% Upside * Ulta Beauty Rises 7% On Plans To Enter Target Stores
Postal Realty (PSTL) delivered FFO and revenue surprises of 9.09% and 8.07%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?