Getty Realty Corporation (GTY) to Distribute Quarterly Dividend of $0.48 on October 8th

Getty Realty Corporation (NYSE:GTY) declared a quarterly dividend on Tuesday, July 21st. Shareholders of record on Thursday, September 24th will be paid a dividend of 0.485 per share by the real estate investment trust on Thursday, October 8th. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Thursday, September 24th.

Getty Realty has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 1 years. Getty Realty has a payout ratio of 144.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Getty Realty to earn $2.54 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 76.4%.

Getty Realty Price Performance

Shares of NYSE:GTY opened at $29.45 on Tuesday. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 17.96, a price-to-earnings-growth ratio of 2.61 and a beta of 0.72. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.26 and a quick ratio of 2.26. The business’s 50 day simple moving average is $33.27 and its 200-day simple moving average is $33.22. Getty Realty has a 12 month low of $25.39 and a 12 month high of $36.83.

Getty Realty (NYSE:GTY) last released its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $59.05 million during the quarter, compared to analysts’ expectations of $58.45 million. Getty Realty had a net margin of 42.74% and a return on equity of 9.27%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. Getty Realty has set its FY 2026 guidance at 2.520-2.540 EPS. As a group, equities analysts forecast that Getty Realty will post 2.45 earnings per share for the current fiscal year.

Getty Realty Company Profile

Getty Realty Corp. (NYSE: GTY) is a real estate investment trust that owns, leases and develops convenience store and automotive service properties. The company primarily invests in properties operated by convenience stores, gas stations, automotive repair businesses, car washes, tire and service centers, and other automotive-related retailers.

Getty Realty generally leases its properties to operators under long-term, often triple-net lease agreements, under which tenants are typically responsible for property taxes, insurance, maintenance and other operating costs.