Getty Realty (NYSE:GTY) Releases FY25 Earnings Guidance

Getty Realty (NYSE:GTY) updated its FY25 earnings guidance on Tuesday. The company provided EPS guidance of $2.40-$2.42 for the period, compared to the consensus EPS estimate of $2.33. Getty Realty also updated its FY 2025 guidance to 2.400-2.420 EPS.

Getty Realty Trading Down 0.3 %

Shares of GTY opened at $29.54 on Wednesday. Getty Realty has a 12-month low of $25.70 and a 12-month high of $33.85. The firm has a market capitalization of $1.63 billion, a P/E ratio of 25.25 and a beta of 0.93. The firm has a 50-day moving average price of $31.63 and a 200 day moving average price of $30.92. 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 posted its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.28). The firm had revenue of $51.47 million during the quarter, compared to analysts’ expectations of $49.79 million. Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. During the same period last year, the company earned $0.57 EPS. Sell-side analysts forecast that Getty Realty will post 2.23 EPS for the current year.

Getty Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be given a $0.47 dividend. The ex-dividend date is Thursday, December 26th. This represents a $1.88 dividend on an annualized basis and a yield of 6.36%. This is an increase from Getty Realty’s previous quarterly dividend of $0.45. Getty Realty’s payout ratio is currently 160.68%.

Analyst Ratings Changes

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

Getty Realty Company Profile