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

Getty Realty (NYSE:GTY) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 2.290-2.310 for the period, compared to the consensus estimate of 2.140. The company issued revenue guidance of -.

Getty Realty Price Performance

Shares of GTY stock traded down $0.12 on Friday, reaching $26.92. The company had a trading volume of 228,185 shares, compared to its average volume of 217,606. The stock has a market capitalization of $1.45 billion, a PE ratio of 23.01 and a beta of 0.89. The company has a quick ratio of 3.73, a current ratio of 3.73 and a debt-to-equity ratio of 0.79. Getty Realty has a one year low of $25.90 and a one year high of $35.56. The business’s 50-day moving average is $26.89 and its 200 day moving average is $27.81.

Getty Realty (NYSE:GTY) last posted its earnings results on Wednesday, February 14th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). The company had revenue of $45.62 million during the quarter, compared to the consensus estimate of $47.19 million. Getty Realty had a return on equity of 6.87% and a net margin of 32.74%. Equities research analysts forecast that Getty Realty will post 2.31 EPS for the current fiscal year.

Getty Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 27th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.69%. The ex-dividend date of this dividend is Thursday, June 27th. Getty Realty’s dividend payout ratio is currently 153.85%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. StockNews.com raised Getty Realty from a sell rating to a hold rating in a research note on Monday, April 22nd. JMP Securities reaffirmed a market outperform rating and issued a $33.00 price objective on shares of Getty Realty in a research note on Monday, March 25th.

Getty Realty Company Profile