Getty Realty (NYSE:GTY) Releases Earnings Results, Misses Expectations By $0.27 EPS

Getty Realty (NYSE:GTY) posted its earnings results on Friday. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27), Yahoo Finance reports. The company had revenue of $48.97 million during the quarter, compared to analysts’ expectations of $46.63 million. Getty Realty had a net margin of 32.74% and a return on equity of 6.80%. During the same period last year, the business earned $0.56 earnings per share.

Getty Realty Trading Up 0.6 %

Shares of NYSE:GTY traded up $0.17 during trading on Monday, reaching $27.09. The stock had a trading volume of 165,334 shares, compared to its average volume of 272,453. The business has a fifty day moving average price of $26.89 and a 200-day moving average price of $27.81. The company has a quick ratio of 3.73, a current ratio of 3.37 and a debt-to-equity ratio of 0.84. The stock has a market cap of $1.46 billion, a P/E ratio of 23.30 and a beta of 0.89. Getty Realty has a fifty-two week low of $25.90 and a fifty-two week high of $35.56.

Getty Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 27th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.64%. The ex-dividend date is Thursday, June 27th. Getty Realty’s payout ratio is currently 153.85%.

Analysts Set New Price Targets

A number of research firms recently commented on GTY. JMP Securities reaffirmed a “market outperform” rating and issued a $33.00 target price on shares of Getty Realty in a research report on Monday, March 25th. StockNews.com upgraded shares of Getty Realty from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd.

About Getty Realty