Getty Realty (NYSE:GTY – Get Free Report) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $51.47 million for the quarter, compared to the consensus estimate of $49.79 million. During the same period in the prior year, the business 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 $0.40 during midday trading on Friday, hitting $32.22. 79,905 shares of the company traded hands, compared to its average volume of 288,350. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.22 and a current ratio of 3.22. Getty Realty has a 12-month low of $25.70 and a 12-month high of $33.23. The stock has a 50-day moving average price of $31.64 and a 200 day moving average price of $29.28. The firm has a market cap of $1.74 billion, a P/E ratio of 27.68 and a beta of 0.92.
Getty Realty Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $1.88 annualized dividend and a yield of 5.83%. This is a boost from Getty Realty’s previous quarterly dividend of $0.45. Getty Realty’s payout ratio is 160.68%.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on GTY
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