Getty Realty (NYSE:GTY) Issues FY25 Earnings Guidance

Getty Realty (NYSE:GTY) issued an update on its FY25 earnings guidance on Tuesday morning. 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 Price Performance

Getty Realty stock opened at $29.52 on Thursday. The stock’s 50 day moving average is $31.58 and its 200 day moving average is $30.94. Getty Realty has a one year low of $25.70 and a one year high of $33.85. The firm has a market cap of $1.62 billion, a P/E ratio of 25.23 and a beta of 0.93. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.44 and a quick ratio of 2.44.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.28). Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. The business had revenue of $51.47 million during the quarter, compared to analyst estimates of $49.79 million. During the same period in the prior year, the firm earned $0.57 earnings per share. As a group, research analysts expect that Getty Realty will post 2.23 EPS for the current year.

Getty Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 6.37%. This is an increase from Getty Realty’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, December 26th. Getty Realty’s payout ratio is presently 160.68%.

Wall Street Analysts Forecast Growth

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

About Getty Realty