Getty Realty Corp. (GTY) To Go Ex-Dividend on June 27th

Getty Realty Corp. (NYSE:GTY) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Thursday, June 27th will be paid a dividend of 0.45 per share by the real estate investment trust on Thursday, July 11th. This represents a $1.80 annualized dividend and a yield of 6.69%. The ex-dividend date of this dividend is Thursday, June 27th.

Getty Realty has increased its dividend by an average of 5.1% per year over the last three years and has increased its dividend annually for the last 12 consecutive years. Getty Realty has a payout ratio of 152.5% indicating that 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 $2.37 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 75.9%.

Getty Realty Stock Performance

NYSE:GTY traded down $0.12 on Friday, hitting $26.92. The stock had a trading volume of 228,185 shares, compared to its average volume of 217,606. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 23.00 and a beta of 0.89. The company has a quick ratio of 3.73, a current ratio of 3.73 and a debt-to-equity ratio of 0.79. The business’s 50-day simple moving average is $26.89 and its two-hundred day simple moving average is $27.81. Getty Realty has a 52-week low of $25.90 and a 52-week high of $35.56.

Getty Realty (NYSE:GTY) last posted its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.27). Getty Realty had a return on equity of 6.87% and a net margin of 32.74%. The company had revenue of $45.62 million during the quarter, compared to the consensus estimate of $47.19 million. As a group, research analysts predict that Getty Realty will post 2.31 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on GTY. StockNews.com raised Getty Realty from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. JMP Securities reiterated a “market outperform” rating and issued a $33.00 price target on shares of Getty Realty in a research note on Monday, March 25th.

Getty Realty Company Profile