Getty Realty Corporation (GTY) To Go Ex-Dividend on March 26th

Getty Realty Corporation (NYSE:GTY) declared a quarterly dividend on Tuesday, February 10th. Shareholders of record on Thursday, March 26th will be given a dividend of 0.485 per share by the real estate investment trust on Thursday, April 9th. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date is Thursday, March 26th.

Getty Realty has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Getty Realty has a dividend payout ratio of 144.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Getty Realty to earn $2.34 per share next year, which means the company should continue to be able to cover its $1.94 annual dividend with an expected future payout ratio of 82.9%.

Getty Realty Stock Down 0.4%

GTY stock opened at $31.11 on Thursday. The firm’s 50-day moving average is $28.90 and its two-hundred day moving average is $28.17. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 24.30, a price-to-earnings-growth ratio of 2.89 and a beta of 0.84. Getty Realty has a 52 week low of $25.39 and a 52 week high of $32.17. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.93.

Getty Realty (NYSE:GTY) last posted its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Getty Realty had a net margin of 34.76% and a return on equity of 7.60%. The business had revenue of $60.55 million for the quarter, compared to analyst estimates of $55.94 million. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. On average, analysts forecast that Getty Realty will post 2.29 earnings per share for the current fiscal year.

About Getty Realty

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company’s portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.