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 Stock Performance

NYSE:GTY traded down $0.33 during trading hours on Thursday, reaching $27.05. The stock had a trading volume of 184,113 shares, compared to its average volume of 274,346. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.73 and a current ratio of 3.73. The stock has a 50 day simple moving average of $26.90 and a 200 day simple moving average of $27.82. Getty Realty has a 12-month low of $25.90 and a 12-month high of $35.56. The stock has a market cap of $1.46 billion, a P/E ratio of 23.80 and a beta of 0.89.

Getty Realty (NYSE:GTY) last announced its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.27). The company had revenue of $45.62 million during the quarter, compared to analysts’ expectations of $47.19 million. Getty Realty had a net margin of 32.37% and a return on equity of 6.72%. On average, research analysts forecast that Getty Realty will post 2.31 EPS for the current fiscal year.

Getty Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.65%. The ex-dividend date of this dividend was Wednesday, March 27th. Getty Realty’s dividend payout ratio (DPR) is presently 156.52%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on GTY shares. StockNews.com upgraded Getty Realty from a sell rating to a hold rating in a research report on Monday. JMP Securities reissued a market outperform rating and issued a $33.00 target price on shares of Getty Realty in a research note on Monday, March 25th.

Getty Realty Company Profile