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.

Wall Street Analysts Forecast Growth

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

Getty Realty Stock Performance

Getty Realty stock opened at $29.52 on Thursday. Getty Realty has a 1-year low of $25.70 and a 1-year high of $33.85. The company’s 50-day moving average is $31.58 and its 200 day moving average is $30.94. The firm has a market capitalization of $1.62 billion, a P/E ratio of 25.23 and a beta of 0.93. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.44 and a quick ratio of 2.44.

Getty Realty (NYSE:GTY) last issued its quarterly earnings results 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 business had revenue of $51.47 million for the quarter, compared to the consensus estimate of $49.79 million. Getty Realty had a return on equity of 6.84% and a net margin of 32.97%. During the same period in the prior year, the business posted $0.57 earnings per share. Research analysts forecast that Getty Realty will post 2.23 EPS for the current year.

Getty Realty Increases Dividend

The firm 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 dividend of $0.47 per share. The ex-dividend date is Thursday, December 26th. This is an increase from Getty Realty’s previous quarterly dividend of $0.45. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.37%. Getty Realty’s dividend payout ratio (DPR) is currently 160.68%.

About Getty Realty