Analysts expect Getty Realty Corp. (NYSE:GTY) to announce earnings of $0.44 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Getty Realty’s earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.43. Getty Realty posted earnings of $0.43 per share during the same quarter last year, which would suggest a positive year over year growth rate of 2.3%. The business is expected to issue its next quarterly earnings results on Tuesday, February 25th.
On average, analysts expect that Getty Realty will report full-year earnings of $1.81 per share for the current year, with EPS estimates ranging from $1.79 to $1.83. For the next fiscal year, analysts expect that the firm will report earnings of $1.84 per share, with EPS estimates ranging from $1.79 to $1.89. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Getty Realty.
Getty Realty (NYSE:GTY) last posted its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.17). Getty Realty had a return on equity of 8.49% and a net margin of 35.19%. The firm had revenue of $35.69 million for the quarter, compared to analyst estimates of $32.01 million.
A number of research analysts recently weighed in on GTY shares. Zacks Investment Research downgraded Getty Realty from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. JMP Securities reaffirmed a “hold” rating on shares of Getty Realty in a research note on Tuesday, September 17th. Finally, ValuEngine downgraded Getty Realty from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd.
GTY stock opened at $33.06 on Monday. The stock’s 50 day simple moving average is $32.52 and its 200 day simple moving average is $31.56. Getty Realty has a fifty-two week low of $27.49 and a fifty-two week high of $35.03. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The company has a market cap of $1.38 billion, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 8.07 and a beta of 0.50.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be paid a $0.37 dividend. The ex-dividend date is Tuesday, December 24th. This is an increase from Getty Realty’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a dividend yield of 4.48%. Getty Realty’s dividend payout ratio is 81.87%.
Institutional investors have recently modified their holdings of the company. Bessemer Group Inc. raised its stake in shares of Getty Realty by 2.2% in the second quarter. Bessemer Group Inc. now owns 91,200 shares of the real estate investment trust’s stock worth $2,805,000 after purchasing an additional 2,000 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Getty Realty by 280.3% in the second quarter. First Trust Advisors LP now owns 69,054 shares of the real estate investment trust’s stock worth $2,124,000 after purchasing an additional 50,895 shares during the last quarter. Navellier & Associates Inc raised its stake in shares of Getty Realty by 16.2% in the second quarter. Navellier & Associates Inc now owns 30,391 shares of the real estate investment trust’s stock worth $935,000 after purchasing an additional 4,241 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Getty Realty in the second quarter worth approximately $9,959,000. Finally, 6 Meridian raised its stake in shares of Getty Realty by 2.3% in the second quarter. 6 Meridian now owns 22,388 shares of the real estate investment trust’s stock worth $689,000 after purchasing an additional 494 shares during the last quarter. 64.57% of the stock is owned by hedge funds and other institutional investors.
About Getty Realty
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