Getty Realty (NYSE:GTY) Releases FY 2025 Earnings Guidance

Key Points

• Getty Realty updated its FY 2025 earnings guidance, projecting earnings per share (EPS) between 2.420-2.430, significantly higher than the consensus estimate of 1.640.
• The company announced a quarterly dividend increase to $0.485 per share, representing a dividend yield of 7.0%.
• Research firms have shown mixed sentiments, with three analysts rating the stock as a "Buy" and three as "Hold," with an average target price of $31.80.

Getty Realty (NYSE:GTY - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 2.420-2.430 for the period, compared to the consensus estimate of 1.640. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GTY. UBS Group raised their price target on Getty Realty from $28.00 to $30.00 and gave the company a "neutral" rating in a research note on Friday, August 15th. Wall Street Zen upgraded Getty Realty from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Weiss Ratings reiterated a "hold (c)" rating on shares of Getty Realty in a research note on Wednesday, October 8th. Finally, Janney Montgomery Scott started coverage on Getty Realty in a research note on Thursday, October 16th. They set a "buy" rating and a $30.00 target price for the company. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $31.80.

Getty Realty Trading Up 0.3%

Shares of Getty Realty stock traded up $0.07 on Wednesday, hitting $27.59. 424,411 shares of the company's stock traded hands, compared to its average volume of 360,799. Getty Realty has a one year low of $25.39 and a one year high of $33.85. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.98 and a quick ratio of 1.98. The company has a fifty day moving average of $27.58 and a two-hundred day moving average of $28.02. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 1.98 and a beta of 0.82.

Getty Realty (NYSE:GTY - Get Free Report) last announced its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.01. Getty Realty had a return on equity of 6.87% and a net margin of 31.62%. Getty Realty has set its FY 2025 guidance at 2.420-2.430 EPS. As a group, sell-side analysts expect that Getty Realty will post 2.29 earnings per share for the current year.

Getty Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Friday, December 26th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, December 26th. This is a positive change from Getty Realty's previous quarterly dividend of $0.47. This represents a $1.94 dividend on an annualized basis and a dividend yield of 7.0%. Getty Realty's payout ratio is currently 163.48%.

Institutional Investors Weigh In On Getty Realty

Several institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. grew its holdings in Getty Realty by 210.4% during the second quarter. Osaic Holdings Inc. now owns 37,560 shares of the real estate investment trust's stock worth $1,038,000 after buying an additional 25,459 shares in the last quarter. Caxton Associates LLP grew its holdings in Getty Realty by 61.1% during the second quarter. Caxton Associates LLP now owns 17,140 shares of the real estate investment trust's stock worth $474,000 after buying an additional 6,501 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in Getty Realty by 8.3% during the second quarter. Public Sector Pension Investment Board now owns 173,928 shares of the real estate investment trust's stock worth $4,807,000 after buying an additional 13,350 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in Getty Realty by 3.6% during the second quarter. CANADA LIFE ASSURANCE Co now owns 116,596 shares of the real estate investment trust's stock worth $3,221,000 after buying an additional 4,098 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Getty Realty by 143.0% during the second quarter. Tower Research Capital LLC TRC now owns 4,901 shares of the real estate investment trust's stock worth $135,000 after buying an additional 2,884 shares in the last quarter. Institutional investors own 85.11% of the company's stock.

Getty Realty Company Profile

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.