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

Getty Realty (NYSE:GTY) announced 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. Getty Realty had a return on equity of 6.80% and a net margin of 32.74%. The company had revenue of $48.97 million during the quarter, compared to the consensus estimate of $46.63 million. During the same period in the prior year, the business posted $0.56 earnings per share.

Getty Realty Trading Up 0.6 %

GTY traded up $0.17 on Monday, hitting $27.09. The company had a trading volume of 165,334 shares, compared to its average volume of 272,453. The company has a market cap of $1.46 billion, a PE ratio of 23.30 and a beta of 0.89. Getty Realty has a 12-month low of $25.90 and a 12-month high of $35.56. 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 business’s fifty day simple moving average is $26.89 and its 200 day simple moving average is $27.81.

Getty Realty Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts 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 reiterated a “market outperform” rating and issued a $33.00 price target on shares of Getty Realty in a research note on Monday, March 25th.

About Getty Realty