Getty Realty (NYSE:GTY – Get Free Report) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.28), Yahoo Finance reports. Getty Realty had a net margin of 33.49% and a return on equity of 6.98%. The firm had revenue of $51.47 million during the quarter, compared to analysts’ expectations of $49.79 million. During the same period in the prior year, the company posted $0.57 EPS. Getty Realty updated its FY 2024 guidance to 2.320-2.330 EPS.
Getty Realty Trading Down 1.2 %
Shares of NYSE GTY traded down $0.39 during trading on Friday, reaching $32.23. The stock had a trading volume of 153,034 shares, compared to its average volume of 288,703. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.22 and a current ratio of 3.22. The company has a market cap of $1.74 billion, a P/E ratio of 27.55 and a beta of 0.92. Getty Realty has a fifty-two week low of $25.70 and a fifty-two week high of $33.23. The business’s 50-day moving average price is $31.67 and its 200-day moving average price is $29.32.
Getty Realty Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 5.83%. This is a boost from Getty Realty’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, December 26th. Getty Realty’s dividend payout ratio is 160.68%.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on GTY
About Getty Realty
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