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

Getty Realty (NYSE:GTY) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 2.400-2.420 for the period, compared to the consensus earnings per share estimate of 2.420. The company issued revenue guidance of -. Getty Realty also updated its FY25 guidance to $2.40-$2.42 EPS.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Getty Realty from $31.00 to $33.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Bank of America raised shares of Getty Realty from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $31.00 to $34.00 in a research note on Monday, October 21st. Finally, KeyCorp upgraded Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 target price for the company in a research report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Getty Realty currently has an average rating of “Moderate Buy” and an average target price of $33.75.

Getty Realty Trading Down 0.3 %

Shares of NYSE GTY traded down $0.10 during mid-day trading on Tuesday, reaching $29.54. The company had a trading volume of 352,270 shares, compared to its average volume of 313,727. Getty Realty has a 52 week low of $25.70 and a 52 week high of $33.85. The business’s 50-day moving average is $31.63 and its 200-day moving average is $30.92. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 25.25 and a beta of 0.93. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.87.

Getty Realty (NYSE:GTY) last issued its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.28). The company had revenue of $51.47 million for the quarter, compared to analysts’ expectations of $49.79 million. Getty Realty had a return on equity of 6.84% and a net margin of 32.97%. During the same period last year, the business posted $0.57 earnings per share. Equities analysts expect that Getty Realty will post 2.23 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 9th. Shareholders of record on Thursday, December 26th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 6.36%. This is a boost from Getty Realty’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, December 26th. Getty Realty’s dividend payout ratio is currently 160.68%.

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