Getty Realty (NYSE:GTY) Updates FY 2024 Earnings Guidance

Getty Realty (NYSE:GTY - Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 2.320-2.330 for the period, compared to the consensus EPS estimate of 2.320. The company issued revenue guidance of -.Getty Realty Stock Up 0.2 %5 Best REIT Alternatives for Passive Real Estate IncomeGTY traded up $0.07 during midday trading on Wednesday, reaching $32.26. The company's stock had a trading volume of 256,308 shares, compared to its average volume of 289,399. The stock's 50-day moving average is $31.56 and its 200-day moving average is $29.24. Getty Realty has a 1 year low of $25.70 and a 1 year high of $32.87. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 27.63 and a beta of 0.92. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.88. Getty Realty (NYSE:GTY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.57 by ($0.27). Getty Realty had a net margin of 33.49% and a return on equity of 6.98%. The company had revenue of $49.94 million for the quarter, compared to the consensus estimate of $48.51 million. During the same period last year, the business earned $0.56 EPS. As a group, research analysts expect that Getty Realty will post 2.22 EPS for the current year. Getty Realty Increases DividendLook To REITs For Reliable Yield Even In Recessionary EnvironmentThe business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 5.83%. The ex-dividend date is Thursday, December 26th. This is a positive change from Getty Realty's previous quarterly dividend of $0.45. Getty Realty's payout ratio is currently 153.85%. Wall Street Analysts Forecast GrowthGTY has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Getty Realty from $31.00 to $33.00 and gave the company a "neutral" rating in a research note on Thursday, September 19th. Bank of America raised shares of Getty Realty from a "neutral" rating to a "buy" rating and raised their price target for the company from $31.00 to $34.00 in a research report on Monday. Finally, JMP Securities upped their price objective on Getty Realty from $31.50 to $33.00 and gave the company a "market outperform" rating in a research report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $32.50.Read Our Latest Analysis on GTYGetty Realty Company Profile (Get Free Report)Featured StoriesFive stocks we like better than Getty RealtyHow to Start Investing in Real EstateChinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?3 Stocks to Protect Your Portfolio from the Coronavirus Contagion Goldman Sachs Highlights 3 Top Short Squeeze Stocks to WatchSpecial Purpose Acquisition Company (SPAC) What You Need to Know Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ Urgent: This election is rigged (From Porter & Company) (Ad)Should you invest $1,000 in Getty Realty right now?Before you consider Getty Realty, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Getty Realty wasn't on the list.While Getty Realty currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here