Getty Realty (NYSE:GTY) Posts Earnings Results, Beats Estimates By $0.29 EPS

Getty Realty (NYSE:GTY) announced its earnings results on Wednesday. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.29, Zacks reports. Getty Realty had a return on equity of 6.84% and a net margin of 32.97%.

Getty Realty Stock Down 2.2 %

NYSE:GTY traded down $0.69 on Wednesday, hitting $30.07. 593,292 shares of the company’s stock traded hands, compared to its average volume of 339,476. The company has a market cap of $1.65 billion, a PE ratio of 25.70 and a beta of 0.93. Getty Realty has a 1 year low of $25.70 and a 1 year high of $33.85. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.87. The firm has a 50-day moving average price of $30.82 and a 200-day moving average price of $31.33.

Getty Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 6.25%. The ex-dividend date of this dividend is Thursday, March 27th. Getty Realty’s dividend payout ratio is currently 160.68%.

Analysts Set New Price Targets

Several brokerages have recently commented on GTY. Bank of America raised shares of Getty Realty from a “neutral” rating to a “buy” rating and increased their price target for the stock from $31.00 to $34.00 in a research report on Monday, October 21st. KeyCorp upgraded shares of Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 target price for the company in a research report on Tuesday, December 17th. Finally, JMP Securities reissued a “market outperform” rating and issued a $34.00 price objective on shares of Getty Realty in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $34.00.

Getty Realty Company Profile