Getty Realty (NYSE:GTY) Releases FY25 Earnings Guidance

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on GTY shares. Bank of America upgraded shares of Getty Realty from a “neutral” rating to a “buy” rating and increased their target price for the stock from $31.00 to $34.00 in a research report on Monday, October 21st. JPMorgan Chase & Co. increased their price target on shares of Getty Realty from $31.00 to $33.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Finally, KeyCorp raised shares of Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price target on the stock in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Getty Realty presently has an average rating of “Moderate Buy” and a consensus price target of $33.75.

Getty Realty Trading Down 0.3 %

Shares of GTY traded down $0.10 during trading hours on Tuesday, reaching $29.54. 352,270 shares of the company traded hands, compared to its average volume of 313,727. The company’s fifty day moving average price is $31.63 and its two-hundred day moving average price is $30.92. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 25.25 and a beta of 0.93. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.87. Getty Realty has a 12 month low of $25.70 and a 12 month high of $33.85.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.28). The company had revenue of $51.47 million for 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 in the previous year, the firm posted $0.57 EPS. Equities research analysts predict that Getty Realty will post 2.23 earnings per share for the current fiscal year.

Getty Realty Increases Dividend

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

About Getty Realty