Getty Realty (NYSE:GTY) Issues FY 2024 Earnings Guidance

Getty Realty (NYSE:GTY) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.300-2.320 for the period, compared to the consensus EPS estimate of 2.210. The company issued revenue guidance of -.

Getty Realty Stock Down 0.3 %

Shares of NYSE:GTY traded down $0.09 during trading hours on Friday, hitting $31.68. The company’s stock had a trading volume of 317,989 shares, compared to its average volume of 312,257. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 27.06 and a beta of 0.90. The firm’s fifty day moving average price is $27.79 and its 200 day moving average price is $27.48. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.22 and a quick ratio of 3.37. Getty Realty has a 52 week low of $25.70 and a 52 week high of $34.38.

Getty Realty (NYSE:GTY) last announced its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.27). The company had revenue of $49.94 million for the quarter, compared to the consensus estimate of $48.51 million. Getty Realty had a net margin of 33.49% and a return on equity of 6.98%. During the same period last year, the business posted $0.56 EPS. As a group, research analysts expect that Getty Realty will post 2.31 EPS for the current year.

Getty Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date of this dividend is Thursday, September 26th. Getty Realty’s payout ratio is currently 153.85%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. StockNews.com raised shares of Getty Realty from a sell rating to a hold rating in a report on Monday, April 22nd. JMP Securities boosted their target price on Getty Realty from $31.50 to $33.00 and gave the stock a market outperform rating in a research note on Thursday.

Getty Realty Company Profile