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

Getty Realty (NYSE:GTY) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.300-2.320 for the period, compared to the consensus earnings per share estimate of 2.210. The company issued revenue guidance of -.

Getty Realty Stock Up 3.4 %

NYSE:GTY traded up $1.06 on Thursday, hitting $31.79. 526,953 shares of the company’s stock traded hands, compared to its average volume of 269,198. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.84. Getty Realty has a 1 year low of $25.70 and a 1 year high of $34.38. The firm has a 50-day moving average price of $27.66 and a 200-day moving average price of $27.43. The company has a market cap of $1.72 billion, a PE ratio of 27.29 and a beta of 0.90.

Getty Realty (NYSE:GTY) last announced its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.27). Getty Realty had a net margin of 32.74% and a return on equity of 6.80%. The company had revenue of $49.94 million for the quarter, compared to analyst estimates of $48.51 million. During the same quarter last year, the business earned $0.56 EPS. Equities analysts anticipate that Getty Realty will post 2.31 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Thursday, September 26th will be given a $0.45 dividend. The ex-dividend date is Thursday, September 26th. This represents a $1.80 annualized dividend and a yield of 5.66%. Getty Realty’s dividend payout ratio (DPR) is currently 153.85%.

Analyst Ratings Changes

Several research analysts recently commented on GTY shares. JMP Securities raised their target price on Getty Realty from $31.50 to $33.00 and gave the stock a market outperform rating in a research report on Thursday. StockNews.com upgraded Getty Realty from a sell rating to a hold rating in a research note on Monday, April 22nd.

About Getty Realty