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

Market Beat
2024.10.23 22:36
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Getty Realty (NYSE:GTY) has updated its FY 2024 earnings guidance, projecting EPS between 2.320 and 2.330, aligning with the consensus estimate of 2.320. The company also declared a quarterly dividend of $0.47, reflecting an annualized yield of 5.83%. Analysts have mixed ratings on the stock, with a consensus rating of "Hold" and a price target of $27.50. The stock saw a slight increase of 0.2% during midday trading, with a market cap of $1.74 billion and a P/E ratio of 27.63.

Getty Realty (NYSE:GTY - Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 2.320-2.330 for the period, compared to the consensus EPS estimate of 2.320. The company issued revenue guidance of -.

Getty Realty Stock Up 0.2 %

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GTY traded up $0.07 during midday trading on Wednesday, reaching $32.26. The company's stock had a trading volume of 256,308 shares, compared to its average volume of 289,399. The stock's 50-day moving average is $31.56 and its 200-day moving average is $29.24. Getty Realty has a 1 year low of $25.70 and a 1 year high of $32.87. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 27.63 and a beta of 0.92. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.88.

Getty Realty (NYSE:GTY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.57 by ($0.27). Getty Realty had a net margin of 33.49% and a return on equity of 6.98%. The company had revenue of $49.94 million for the quarter, compared to the consensus estimate of $48.51 million. During the same period last year, the business earned $0.56 EPS. As a group, research analysts expect that Getty Realty will post 2.22 EPS for the current year.

Getty Realty Increases Dividend

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The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 5.83%. The ex-dividend date is Thursday, December 26th. This is a positive change from Getty Realty's previous quarterly dividend of $0.45. Getty Realty's payout ratio is currently 153.85%.

Wall Street Analysts Forecast Growth

GTY has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Getty Realty from $31.00 to $33.00 and gave the company a "neutral" rating in a research note on Thursday, September 19th. Bank of America raised shares of Getty Realty from a "neutral" rating to a "buy" rating and raised their price target for the company from $31.00 to $34.00 in a research report on Monday. Finally, JMP Securities upped their price objective on Getty Realty from $31.50 to $33.00 and gave the company a "market outperform" rating in a research report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $32.50.

Read Our Latest Analysis on GTY

Getty Realty Company Profile

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