Getty Realty (NYSE:GTY – Get Free Report) released its quarterly earnings results on Wednesday. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.27), Zacks reports. Getty Realty had a return on equity of 6.99% and a net margin of 33.49%. The company had revenue of $49.94 million for the quarter, compared to analysts’ expectations of $48.51 million. During the same quarter last year, the company earned $0.56 EPS. Getty Realty updated its FY 2024 guidance to 2.300-2.320 EPS.
Getty Realty Trading Down 0.9 %
NYSE:GTY traded down $0.28 during mid-day trading on Friday, reaching $31.49. The company’s stock had a trading volume of 86,256 shares, compared to its average volume of 267,919. The company’s fifty day simple moving average is $27.72 and its two-hundred day simple moving average is $27.46. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.37 and a quick ratio of 3.37. Getty Realty has a twelve month low of $25.70 and a twelve month high of $34.38. The stock has a market cap of $1.70 billion, a P/E ratio of 27.17 and a beta of 0.90.
Getty Realty Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date of this dividend is Thursday, September 26th. Getty Realty’s payout ratio is 153.85%.
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