Getty Realty (NYSE:GTY) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Getty Realty (NYSE:GTY - Get Free Report) issued its quarterly earnings data on Wednesday. The real estate investment trust reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01), Zacks reports. Getty Realty had a return on equity of 6.90% and a net margin of 31.62%. The company had revenue of $51.31 million for the quarter, compared to analysts' expectations of $51.59 million. Getty Realty updated its FY 2025 guidance to 2.400-2.41 EPS.

Getty Realty Trading Up 0.8%

Getty Realty stock traded up $0.22 during trading on Friday, reaching $27.73. 433,257 shares of the company were exchanged, compared to its average volume of 374,843. The stock's 50 day simple moving average is $28.31 and its two-hundred day simple moving average is $29.33. The company has a market capitalization of $1.54 billion, a P/E ratio of 24.11, a PEG ratio of 2.59 and a beta of 0.82. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.44 and a quick ratio of 2.44. Getty Realty has a 52-week low of $26.42 and a 52-week high of $33.85.

Getty Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 25th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 6.78%. The ex-dividend date is Thursday, September 25th. Getty Realty's dividend payout ratio is currently 163.48%.

Institutional Investors Weigh In On Getty Realty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC raised its holdings in shares of Getty Realty by 105.8% in the 1st quarter. Jane Street Group LLC now owns 113,313 shares of the real estate investment trust's stock valued at $3,533,000 after buying an additional 58,255 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Getty Realty by 8.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 306,733 shares of the real estate investment trust's stock valued at $9,564,000 after buying an additional 23,370 shares during the period. Amundi raised its holdings in shares of Getty Realty by 12.7% in the 1st quarter. Amundi now owns 30,647 shares of the real estate investment trust's stock valued at $930,000 after buying an additional 3,463 shares during the period. Finally, Advisors Asset Management Inc. purchased a new stake in shares of Getty Realty in the 1st quarter valued at $31,000. Hedge funds and other institutional investors own 85.11% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on GTY shares. UBS Group dropped their target price on Getty Realty from $29.00 to $28.00 and set a "neutral" rating on the stock in a report on Wednesday, July 16th. KeyCorp dropped their target price on Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Finally, Robert W. Baird dropped their target price on Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $32.33.

About Getty Realty