Getty Realty (NYSE:GTY) Updates FY25 Earnings Guidance

Getty Realty (NYSE:GTY) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.40-$2.42 for the period, compared to the consensus estimate of $2.33. Getty Realty also updated its FY 2025 guidance to 2.400-2.420 EPS.

Wall Street Analysts Forecast Growth

GTY has been the subject of a number of recent research reports. Bank of America upgraded Getty Realty from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $31.00 to $34.00 in a research note on Monday, October 21st. JPMorgan Chase & Co. boosted their target price on Getty Realty from $31.00 to $33.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Finally, KeyCorp upgraded shares of Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price objective for the company in a research report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Getty Realty presently has an average rating of “Moderate Buy” and an average target price of $33.75.

Getty Realty Trading Down 0.3 %

Shares of NYSE:GTY traded down $0.10 during mid-day trading on Tuesday, hitting $29.54. The stock had a trading volume of 352,270 shares, compared to its average volume of 313,727. The company’s 50 day moving average is $31.63 and its 200-day moving average is $30.92. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.44 and a current ratio of 2.44. Getty Realty has a 12-month low of $25.70 and a 12-month high of $33.85. The company has a market cap of $1.63 billion, a PE ratio of 25.25 and a beta of 0.93.

Getty Realty (NYSE:GTY) last issued its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.28). Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. The business had revenue of $51.47 million during the quarter, compared to analyst estimates of $49.79 million. During the same quarter in the prior year, the company earned $0.57 EPS. On average, sell-side analysts predict that Getty Realty will post 2.23 EPS for the current year.

Getty Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, December 26th. This is an increase from Getty Realty’s previous quarterly dividend of $0.45. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.36%. Getty Realty’s dividend payout ratio (DPR) is 160.68%.

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