Fed’s Powell opens door to potential rate cuts at Jackson Hole
Jeremy Garber, President, Treasurer, and Secretary of Postal Realty Trust, Inc. (NYSE:PSTL), a $431 million market cap company with strong financial health indicators, recently sold 1,500 shares of the company’s Class A common stock. The company stands out with its impressive 6.89% dividend yield and has raised its dividend for six consecutive years, according to InvestingPro data. The transaction, which took place on March 12, was executed at a price of $14.25 per share, resulting in a total sale value of $21,375. Following this sale, Garber retains ownership of 226,087 shares in the company. The transaction was disclosed in a filing with the U.S. Securities and Exchange Commission. With the stock trading near its 52-week high and showing strong liquidity metrics, investors can access comprehensive insider trading analysis and additional ProTips through InvestingPro’s detailed research reports.
In other recent news, Postal Realty Trust Inc reported a notable earnings beat for the fourth quarter of 2024, with earnings per share (EPS) of $0.17, significantly surpassing the forecasted $0.02. The company’s revenue for the quarter also exceeded expectations, reaching $20.4 million compared to the anticipated $17.2 million. The company has set a guidance for 2025, projecting adjusted funds from operations (AFFO) per share between $1.20 and $1.22. Postal Realty Trust plans to acquire $80-$90 million in properties in the upcoming year. The company also announced a quarterly dividend increase to $0.2425 per share, marking a 1% rise. Analysts have taken note of the company’s strong performance, and the firm has been recognized for its strategic acquisitions and high occupancy rates. The company has maintained a 99.8% portfolio occupancy rate, driven by strategic leasing agreements with the U.S. Postal Service. These developments reflect Postal Realty Trust’s strong position in the postal property real estate sector.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.