Getty Realty (NYSE:GTY – Get Free Report) released its quarterly earnings results on Wednesday. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.28), Yahoo Finance reports. The business had revenue of $51.47 million for the quarter, compared to analysts’ expectations of $49.79 million. Getty Realty had a net margin of 33.49% and a return on equity of 6.98%. During the same period in the previous year, the company earned $0.57 EPS. Getty Realty updated its FY 2024 guidance to 2.320-2.330 EPS.
Getty Realty Price Performance
NYSE GTY traded down $0.40 during trading on Friday, hitting $32.22. 79,905 shares of the stock traded hands, compared to its average volume of 288,350. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.88. Getty Realty has a 12-month low of $25.70 and a 12-month high of $33.23. The firm has a 50-day simple moving average of $31.64 and a 200-day simple moving average of $29.28. The company has a market capitalization of $1.74 billion, a P/E ratio of 27.68 and a beta of 0.92.
Getty Realty Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be given a $0.47 dividend. This is an increase from Getty Realty’s previous quarterly dividend of $0.45. This represents a $1.88 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date is Thursday, December 26th. Getty Realty’s payout ratio is currently 160.68%.
Analyst Ratings Changes
Read Our Latest Stock Analysis on Getty Realty
Getty Realty Company Profile
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