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

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

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Getty Realty from a sell rating to a hold rating in a research note on Monday, April 22nd.

Getty Realty Stock Performance

NYSE:GTY traded down $0.50 during mid-day trading on Wednesday, hitting $30.73. The stock had a trading volume of 264,851 shares, compared to its average volume of 267,371. The company’s 50 day simple moving average is $27.61 and its 200 day simple moving average is $27.41. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 26.55 and a beta of 0.90. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.37 and a current ratio of 3.37. Getty Realty has a twelve month low of $25.70 and a twelve month high of $34.38.

Getty Realty (NYSE:GTY) last announced its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.30 earnings per share (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 business had revenue of $48.97 million for the quarter, compared to analyst estimates of $46.63 million. During the same period in the prior year, the business earned $0.56 EPS. On average, equities research analysts forecast that Getty Realty will post 2.31 earnings per share for the current year.

Getty Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Thursday, September 26th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, September 26th. This represents a $1.80 annualized dividend and a yield of 5.86%. Getty Realty’s payout ratio is currently 153.85%.

About Getty Realty