Getty Realty (NYSE:GTY) Announces Quarterly Earnings Results

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

Getty Realty Price Performance

Shares of GTY traded down $0.69 during trading hours on Wednesday, hitting $30.07. 593,368 shares of the company were exchanged, compared to its average volume of 339,485. 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 has a fifty-two week low of $25.70 and a fifty-two week high of $33.85. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 25.70 and a beta of 0.93. The firm’s fifty day moving average is $30.82 and its 200 day moving average is $31.33.

Getty Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be issued a $0.47 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.88 annualized dividend and a yield of 6.25%. Getty Realty’s dividend payout ratio is presently 160.68%.

Wall Street Analysts Forecast Growth

GTY has been the subject of several recent research reports. JMP Securities restated a “market outperform” rating and issued a $34.00 price target on shares of Getty Realty in a research note on Friday, January 10th. Bank of America raised 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 research report on Monday, October 21st. Finally, KeyCorp upgraded shares of Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price target on the stock in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

About Getty Realty