Equities analysts expect Getty Realty Corp. (NYSE:GTY) to announce $32.01 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Getty Realty’s earnings, with the highest sales estimate coming in at $33.56 million and the lowest estimate coming in at $30.46 million. Getty Realty posted sales of $29.57 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.3%. The firm is expected to issue its next quarterly earnings report on Wednesday, October 23rd.
On average, analysts expect that Getty Realty will report full-year sales of $127.42 million for the current fiscal year, with estimates ranging from $120.86 million to $133.97 million. For the next year, analysts anticipate that the firm will report sales of $132.33 million, with estimates ranging from $130.41 million to $134.24 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Getty Realty.
Getty Realty (NYSE:GTY) last issued its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.14). The company had revenue of $33.56 million during the quarter, compared to the consensus estimate of $29.72 million. Getty Realty had a return on equity of 8.38% and a net margin of 34.95%.
A number of analysts recently issued reports on GTY shares. Zacks Investment Research upgraded Getty Realty from a “sell” rating to a “hold” rating in a research report on Thursday, July 25th. ValuEngine upgraded Getty Realty from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.
Large investors have recently added to or reduced their stakes in the company. Osborn Williams & Donohoe LLC bought a new stake in shares of Getty Realty during the first quarter worth $33,000. Nisa Investment Advisors LLC lifted its position in shares of Getty Realty by 97.5% during the first quarter. Nisa Investment Advisors LLC now owns 3,828 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 1,890 shares during the last quarter. Eii Capital Management Inc. bought a new stake in shares of Getty Realty during the second quarter worth $141,000. Russell Investments Group Ltd. bought a new stake in shares of Getty Realty during the second quarter worth $163,000. Finally, Daiwa Securities Group Inc. lifted its position in shares of Getty Realty by 16.0% during the second quarter. Daiwa Securities Group Inc. now owns 5,804 shares of the real estate investment trust’s stock worth $179,000 after purchasing an additional 800 shares during the last quarter. Institutional investors and hedge funds own 64.39% of the company’s stock.
GTY traded down $0.02 during trading on Wednesday, reaching $30.07. The company had a trading volume of 58,500 shares, compared to its average volume of 117,068. The company has a market capitalization of $1.22 billion, a PE ratio of 17.58, a P/E/G ratio of 5.70 and a beta of 0.55. The business’s 50 day moving average is $30.36. Getty Realty has a 52 week low of $26.50 and a 52 week high of $35.03. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.75.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, September 18th. This represents a $1.40 annualized dividend and a dividend yield of 4.66%. Getty Realty’s dividend payout ratio (DPR) is 81.87%.
Getty Realty Company Profile
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