Postal Realty Trust (NASDAQ:PSTL) – DA Davidson issued their Q3 2019 earnings estimates for shares of Postal Realty Trust in a note issued to investors on Monday, June 10th. DA Davidson analyst B. Oxford anticipates that the company will post earnings per share of $0.17 for the quarter. DA Davidson has a “Buy” rating on the stock. DA Davidson also issued estimates for Postal Realty Trust’s Q4 2019 earnings at $0.18 EPS, FY2019 earnings at $0.69 EPS, Q1 2020 earnings at $0.20 EPS, Q2 2020 earnings at $0.23 EPS, Q3 2020 earnings at $0.26 EPS, Q4 2020 earnings at $0.27 EPS and FY2020 earnings at $0.96 EPS.
Several other analysts have also recently issued reports on the company. Stifel Nicolaus assumed coverage on Postal Realty Trust in a research report on Monday. They set a “buy” rating and a $18.00 target price on the stock. BMO Capital Markets assumed coverage on Postal Realty Trust in a research note on Monday. They issued an “outperform” rating and a $18.00 price target for the company.
Shares of NASDAQ PSTL opened at $15.95 on Wednesday. Postal Realty Trust has a fifty-two week low of $14.29 and a fifty-two week high of $17.37.
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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