Getty Realty (NYSE:GTY) Releases Quarterly Earnings Results, Misses Expectations By $0.27 EPS

Getty Realty (NYSE:GTY - Get Free Report) announced its quarterly earnings results on Friday. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.27), Yahoo Finance reports. Getty Realty had a return on equity of 6.80% and a net margin of 32.74%. The business had revenue of $48.97 million during the quarter, compared to analysts' expectations of $46.63 million. During the same period in the previous year, the company posted $0.56 EPS.

Getty Realty Stock Up 0.6 %

NYSE:GTY traded up $0.17 during midday trading on Monday, reaching $27.09. 165,334 shares of the stock traded hands, compared to its average volume of 272,453. Getty Realty has a 12-month low of $25.90 and a 12-month high of $35.56. The business has a 50-day moving average of $26.89 and a two-hundred day moving average of $27.81. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.73 and a current ratio of 3.37. The stock has a market capitalization of $1.46 billion, a PE ratio of 23.30 and a beta of 0.89.

Getty Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 27th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.80 dividend on an annualized basis and a yield of 6.64%. Getty Realty's payout ratio is 153.85%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on GTY shares. JMP Securities reaffirmed a "market outperform" rating and issued a $33.00 price target on shares of Getty Realty in a research report on Monday, March 25th. StockNews.com raised shares of Getty Realty from a "sell" rating to a "hold" rating in a research report on Monday, April 22nd.

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.