Getty Realty (NYSE:GTY) Announces Quarterly Earnings Results, Misses Expectations 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 the consensus estimate of $0.60 by ($0.01), Zacks reports. Getty Realty had a net margin of 31.62% and a return on equity of 6.87%. The company had revenue of $51.31 million during the quarter, compared to the consensus estimate of $51.59 million. Getty Realty updated its FY 2025 guidance to 2.400-2.41 EPS.

Getty Realty Trading Up 0.8%

Shares of NYSE:GTY traded up $0.22 during mid-day trading on Friday, hitting $27.73. The company had a trading volume of 433,257 shares, compared to its average volume of 418,874. The firm has a fifty day moving average price of $28.28 and a 200 day moving average price of $29.32. The company has a market capitalization of $1.54 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 2.64 and a beta of 0.82. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.98 and a quick ratio of 2.44. Getty Realty has a one year low of $26.42 and a one year high of $33.85.

Getty Realty Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently commented on GTY shares. UBS Group decreased their price target on shares of Getty Realty from $29.00 to $28.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 16th. KeyCorp decreased their price target on shares of Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. Wall Street Zen lowered shares of Getty Realty from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Robert W. Baird dropped their price objective on shares of Getty Realty from $33.00 to $32.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $32.33.

Institutional Trading of Getty Realty

Several hedge funds have recently modified their holdings of GTY. Advisors Asset Management Inc. bought a new stake in shares of Getty Realty in the 1st quarter valued at $31,000. Amundi increased its stake 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 acquiring an additional 3,463 shares in the last quarter. Jane Street Group LLC increased its stake 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 acquiring an additional 58,255 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake 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 acquiring an additional 23,370 shares in the last quarter. Institutional investors own 85.11% of the company's stock.

Getty Realty Company Profile