Getty Realty (NYSE:GTY) Announces Earnings Results, Beats Estimates By $0.29 EPS

Getty Realty (NYSE:GTY) issued its quarterly earnings results on Wednesday. The real estate investment trust reported $0.60 earnings per share for the quarter, topping the consensus estimate 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 Stock Performance

Shares of NYSE GTY traded up $0.11 during midday trading on Thursday, reaching $30.23. 71,607 shares of the company were exchanged, compared to its average volume of 329,664. The stock has a fifty day simple moving average of $30.82 and a 200 day simple moving average of $31.33. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.87. The stock has a market cap of $1.66 billion, a P/E ratio of 25.82 and a beta of 0.93. Getty Realty has a 1 year low of $25.70 and a 1 year high of $33.85.

Getty Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.22%. Getty Realty’s payout ratio is 160.68%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. 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 report on Monday, October 21st. KeyCorp upgraded Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price objective on the stock in a report on Tuesday, December 17th. Finally, JMP Securities reissued a “market outperform” rating and set a $34.00 target price on shares of Getty Realty in a research report on Friday, January 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Getty Realty presently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

Getty Realty Company Profile