Getty Realty (NYSE:GTY) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Getty Realty (NYSE:GTY) announced its quarterly earnings results on Wednesday. The real estate investment trust reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01, Zacks reports. The business had revenue of $55.59 million during the quarter, compared to analysts’ expectations of $53.19 million. Getty Realty had a return on equity of 6.87% and a net margin of 31.62%. Getty Realty updated its FY 2025 guidance to 2.420-2.430 EPS.

Getty Realty Price Performance

Shares of GTY stock opened at $27.59 on Thursday. The stock’s fifty day moving average is $27.56 and its 200-day moving average is $28.02. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a market capitalization of $1.56 billion, a PE ratio of 23.99, a PEG ratio of 1.99 and a beta of 0.82. Getty Realty has a 52 week low of $25.39 and a 52 week high of $33.85.

Getty Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Friday, December 26th will be issued a dividend of $0.485 per share. The ex-dividend date is Friday, December 26th. This is a boost from Getty Realty’s previous quarterly dividend of $0.47. This represents a $1.94 annualized dividend and a dividend yield of 7.0%. Getty Realty’s dividend payout ratio (DPR) is currently 163.48%.

Hedge Funds Weigh In On Getty Realty

Hedge funds have recently added to or reduced their stakes in the stock. Amundi lifted its stake in Getty Realty by 12.7% in the first quarter. Amundi now owns 30,647 shares of the real estate investment trust’s stock valued at $930,000 after buying an additional 3,463 shares in the last quarter. Advisors Asset Management Inc. bought a new position in shares of Getty Realty during the 1st quarter worth approximately $31,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Getty Realty by 8.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 306,733 shares of the real estate investment trust’s stock worth $9,564,000 after acquiring an additional 23,370 shares during the period. Jane Street Group LLC boosted its stake in shares of Getty Realty by 105.8% during the 1st quarter. Jane Street Group LLC now owns 113,313 shares of the real estate investment trust’s stock worth $3,533,000 after acquiring an additional 58,255 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of Getty Realty by 13.3% during the 2nd quarter. Cetera Investment Advisers now owns 16,721 shares of the real estate investment trust’s stock worth $462,000 after acquiring an additional 1,961 shares during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GTY shares. Janney Montgomery Scott began coverage on Getty Realty in a research report on Thursday, October 16th. They set a “buy” rating and a $30.00 target price for the company. Wall Street Zen upgraded Getty Realty from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. UBS Group upped their price target on Getty Realty from $28.00 to $30.00 and gave the company a “neutral” rating in a research report on Friday, August 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Getty Realty in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Getty Realty presently has an average rating of “Moderate Buy” and a consensus price target of $31.80.

About Getty Realty