Getty Realty (NYSE:GTY – Get Free Report) released its quarterly earnings data on Wednesday. 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), Yahoo Finance reports. Getty Realty had a net margin of 33.49% and a return on equity of 6.98%. The firm had revenue of $51.47 million for the quarter, compared to analyst estimates of $49.79 million. During the same period in the previous year, the business posted $0.57 EPS. Getty Realty updated its FY 2024 guidance to 2.320-2.330 EPS.
Getty Realty Stock Performance
Getty Realty stock traded down $0.28 during mid-day trading on Friday, reaching $32.34. The company had a trading volume of 70,919 shares, compared to its average volume of 288,280. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.88. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 27.68 and a beta of 0.92. The company has a 50 day moving average of $31.64 and a 200-day moving average of $29.28. Getty Realty has a 52 week low of $25.70 and a 52 week high of $33.23.
Getty Realty Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be paid a $0.47 dividend. This is an increase from Getty Realty’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, December 26th. This represents a $1.88 annualized dividend and a dividend yield of 5.81%. Getty Realty’s dividend payout ratio (DPR) is presently 160.68%.
Analysts Set New Price Targets
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