Getty Realty (NYSE:GTY) Releases Earnings Results, Misses Expectations By $0.27 EPS

Getty Realty (NYSE:GTY) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27), Zacks reports. Getty Realty had a net margin of 33.49% and a return on equity of 6.98%. The firm had revenue of $49.94 million during the quarter, compared to the consensus estimate of $48.51 million. During the same period in the prior year, the company posted $0.56 earnings per share. Getty Realty updated its FY 2024 guidance to 2.300-2.320 EPS.

Getty Realty Stock Performance

GTY opened at $31.66 on Friday. The company has a current ratio of 3.22, a quick ratio of 3.37 and a debt-to-equity ratio of 0.88. The company’s fifty day moving average price is $27.79 and its two-hundred day moving average price is $27.48. Getty Realty has a 1-year low of $25.70 and a 1-year high of $34.38. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 27.06 and a beta of 0.90.

Getty Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, September 26th. This represents a $1.80 annualized dividend and a yield of 5.69%. Getty Realty’s payout ratio is 153.85%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GTY. JMP Securities boosted their target price on shares of Getty Realty from $31.50 to $33.00 and gave the company a “market outperform” rating in a research report on Thursday. StockNews.com upgraded shares of Getty Realty from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd.

Getty Realty Company Profile