Getty Realty (NYSE:GTY) Issues Quarterly Earnings Results

Getty Realty (NYSE:GTY) issued its quarterly earnings results on Wednesday. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate 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 Trading Down 2.2 %

Shares of NYSE:GTY traded down $0.69 during midday trading on Wednesday, hitting $30.07. 593,368 shares of the stock were exchanged, compared to its average volume of 339,485. The business’s 50-day moving average price is $30.82 and its 200 day moving average price is $31.33. Getty Realty has a 12 month low of $25.70 and a 12 month high of $33.85. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.44 and a current ratio of 2.44. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 25.70 and a beta of 0.93.

Getty Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date of this dividend is Thursday, March 27th. Getty Realty’s payout ratio is 160.68%.

Wall Street Analysts Forecast Growth

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

About Getty Realty