Getty Realty Corp. is the leading publicly traded real estate investment trust in the United States specializing in the ownership, leasing and financing of convenience store and gasoline station properties. As of September 30, 2020, the Company owned 896 properties and leased 58 properties from third-party landlords in 35 states across the United States and Washington, D.C.
Getty Realty Price Performance
Shares of NYSE:GTY opened at $30.12 on Thursday. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.82. The stock's fifty day simple moving average is $27.49 and its two-hundred day simple moving average is $27.72. Getty Realty has a 1-year low of $24.66 and a 1-year high of $33.35. The stock has a market cap of $1.41 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 2.59 and a beta of 0.84.
Getty Realty (NYSE:GTY - Get Rating) last released its earnings results on Wednesday, July 27th. The real estate investment trust reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.38. Getty Realty had a return on equity of 11.05% and a net margin of 50.94%. During the same quarter in the previous year, the business posted $0.49 EPS. As a group, analysts forecast that Getty Realty will post 2.07 EPS for the current fiscal year.
Getty Realty Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 6th. Shareholders of record on Thursday, September 22nd will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date of this dividend is Wednesday, September 21st. Getty Realty's payout ratio is presently 95.91%.
Wall Street Analyst Weigh In
GTY has been the subject of several recent analyst reports. StockNews.com raised shares of Getty Realty from a "hold" rating to a "buy" rating in a research report on Thursday, July 28th. Royal Bank of Canada raised their price objective on shares of Getty Realty from $27.00 to $30.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 2nd. Finally, JMP Securities started coverage on Getty Realty in a report on Tuesday, May 10th. They issued an "outperform" rating and a $32.00 target price on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $31.75.