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

Getty Realty Corporation (NYSE:GTY) announced a quarterly dividend on Tuesday, February 10th. Shareholders of record on Thursday, March 26th will be paid 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 dividend yield of 6.0%. The ex-dividend date is Thursday, March 26th.

Getty Realty has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Getty Realty has a 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 Up 0.4%

Shares of NYSE GTY opened at $32.20 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.20 and a quick ratio of 2.20. The stock has a market capitalization of $1.93 billion, a PE ratio of 24.03, a P/E/G ratio of 2.38 and a beta of 0.82. Getty Realty has a one year low of $25.39 and a one year high of $34.14. The business’s fifty day moving average price is $31.62 and its 200-day moving average price is $29.08.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. Getty Realty had a return on equity of 7.86% and a net margin of 35.72%.The company had revenue of $60.55 million during the quarter, compared to analyst estimates of $55.94 million. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, equities research analysts anticipate that Getty Realty will post 2.29 EPS for the current year.

Getty Realty Company Profile

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.