Getty Realty (NYSE:GTY) Posts Quarterly Earnings Results, Misses Estimates By $0.27 EPS

Getty Realty (NYSE:GTY) announced its quarterly earnings data on Friday. 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), Yahoo Finance reports. The business had revenue of $48.97 million during the quarter, compared to analyst estimates of $46.63 million. Getty Realty had a return on equity of 6.80% and a net margin of 32.74%. During the same period in the prior year, the firm earned $0.56 EPS.

Getty Realty Trading Up 0.6 %

Shares of GTY traded up $0.17 during midday trading on Monday, hitting $27.09. The stock had a trading volume of 165,334 shares, compared to its average volume of 272,453. Getty Realty has a fifty-two week low of $25.90 and a fifty-two week high of $35.56. The business has a 50-day simple moving average of $26.89 and a two-hundred day simple moving average of $27.81. The firm has a market cap of $1.46 billion, a P/E ratio of 23.30 and a beta of 0.89. The company has a current ratio of 3.37, a quick ratio of 3.73 and a debt-to-equity ratio of 0.84.

Getty Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 27th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.64%. The ex-dividend date of this dividend is Thursday, June 27th. Getty Realty’s payout ratio is 153.85%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GTY shares. StockNews.com raised shares of 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.

About Getty Realty