Getty Realty (NYSE:GTY) Announces Quarterly Earnings Results, Beats Expectations By $0.29 EPS

Getty Realty (NYSE:GTY) released its quarterly earnings data on Wednesday. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.29, Zacks reports. Getty Realty had a net margin of 32.97% and a return on equity of 6.84%.

Getty Realty Trading Up 0.3 %

Shares of GTY traded up $0.11 during trading on Thursday, reaching $30.23. 71,607 shares of the company traded hands, compared to its average volume of 329,664. The stock has a 50-day simple moving average of $30.82 and a 200-day simple moving average of $31.33. The stock has a market cap of $1.66 billion, a PE ratio of 25.82 and a beta of 0.93. Getty Realty has a twelve month low of $25.70 and a twelve month high of $33.85. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be given a $0.47 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.88 dividend on an annualized basis and a yield of 6.22%. Getty Realty’s payout ratio is currently 160.68%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. KeyCorp raised Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price target for the company in a report on Tuesday, December 17th. JMP Securities restated a “market outperform” rating and set a $34.00 price objective on shares of Getty Realty in a research report on Friday, January 10th. Finally, Bank of America upgraded shares of Getty Realty from a “neutral” rating to a “buy” rating and boosted their target price for the company from $31.00 to $34.00 in a report on Monday, October 21st. 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.00.

Getty Realty Company Profile