Getty Realty (NYSE:GTY) Releases FY25 Earnings Guidance

Getty Realty (NYSE:GTY) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.40-$2.42 for the period, compared to the consensus EPS estimate of $2.33. Getty Realty also updated its FY 2025 guidance to 2.400-2.420 EPS.

Getty Realty Stock Down 0.3 %

NYSE:GTY traded down $0.10 during midday trading on Tuesday, hitting $29.54. 352,270 shares of the company were exchanged, compared to its average volume of 313,727. The company has a market capitalization of $1.63 billion, a PE ratio of 25.25 and a beta of 0.93. Getty Realty has a fifty-two week low of $25.70 and a fifty-two week high of $33.85. The company has a fifty day simple moving average of $31.63 and a 200 day simple moving average of $30.92. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.87.

Getty Realty (NYSE:GTY) last posted its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.28). The firm had revenue of $51.47 million during the quarter, compared to analysts’ expectations of $49.79 million. Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. During the same quarter last year, the business earned $0.57 earnings per share. As a group, equities analysts anticipate that Getty Realty will post 2.23 earnings per share for the current fiscal year.

Getty Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be paid a dividend of $0.47 per share. This is a positive change from Getty Realty’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, December 26th. This represents a $1.88 annualized dividend and a dividend yield of 6.36%. Getty Realty’s payout ratio is 160.68%.

Analyst Ratings Changes

GTY has been the subject of several recent research reports. KeyCorp upgraded shares of Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 target price for the company in a report on Tuesday, December 17th. Bank of America raised shares of Getty Realty from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $31.00 to $34.00 in a research note on Monday, October 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Getty Realty from $31.00 to $33.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Getty Realty currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.75.

Getty Realty Company Profile