Getty Realty (NYSE:GTY - Get Free Report) announced its earnings results on Wednesday. The real estate investment trust reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.29, Zacks reports. Getty Realty had a return on equity of 6.84% and a net margin of 32.97%.
Getty Realty Stock Performance
Shares of GTY stock traded down $0.63 on Friday, hitting $30.32. 283,284 shares of the stock were exchanged, compared to its average volume of 325,643. Getty Realty has a one year low of $25.70 and a one year high of $33.85. The firm's 50 day moving average is $30.72 and its two-hundred day moving average is $31.33. The firm has a market capitalization of $1.67 billion, a PE ratio of 25.91 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 Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be given a dividend of $0.47 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.20%. Getty Realty's dividend payout ratio is presently 160.68%.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Bank of America upgraded Getty Realty from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $31.00 to $34.00 in a report on Monday, October 21st. JMP Securities reiterated a "market outperform" rating and set a $34.00 target price on shares of Getty Realty in a research note on Friday, January 10th. Finally, KeyCorp upgraded shares of Getty Realty from a "sector weight" rating to an "overweight" rating and set a $35.00 price target for the company in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $34.00.
Read Our Latest Analysis on Getty Realty
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