Getty Realty (NYSE:GTY) Updates FY 2024 Earnings Guidance

Posted by admin on Apr 28th, 2024

Getty Realty (NYSE:GTY – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 2.290-2.310 for the period, compared to the consensus earnings per share estimate of 2.140. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. StockNews.com raised Getty Realty from a sell rating to a hold rating in a report on Monday, April 22nd. JMP Securities reissued a market outperform rating and set a $33.00 price objective on shares of Getty Realty in a report on Monday, March 25th.

Read Our Latest Research Report on Getty Realty

Getty Realty Price Performance

GTY traded down $0.12 during midday trading on Friday, hitting $26.92. The stock had a trading volume of 228,185 shares, compared to its average volume of 217,606. The company has a market cap of $1.45 billion, a P/E ratio of 23.01 and a beta of 0.89. The business has a fifty day moving average of $26.89 and a 200 day moving average of $27.81. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.73 and a current ratio of 3.73. Getty Realty has a 1 year low of $25.90 and a 1 year high of $35.56.

Getty Realty (NYSE:GTY – Get Free Report) last issued its earnings results on Wednesday, February 14th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.27). The firm had revenue of $45.62 million during the quarter, compared to analysts’ expectations of $47.19 million. Getty Realty had a return on equity of 6.87% and a net margin of 32.74%. As a group, equities analysts forecast that Getty Realty will post 2.31 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 27th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.69%. The ex-dividend date of this dividend is Thursday, June 27th. Getty Realty’s dividend payout ratio is currently 153.85%.