Wall Street analysts expect that Getty Realty Corp. (NYSE:GTY) will announce earnings per share of $0.45 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Getty Realty’s earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.44. Getty Realty reported earnings of $0.43 per share during the same quarter last year, which indicates a positive year over year growth rate of 4.7%. The firm 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 $1.80 per share for the current fiscal year, with EPS estimates ranging from $1.75 to $1.83. For the next financial year, analysts forecast that the business will report earnings of $1.84 per share, with EPS estimates ranging from $1.81 to $1.87. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms 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 the Zacks’ consensus estimate of $0.45 by ($0.17). Getty Realty had a return on equity of 8.49% and a net margin of 35.19%. The company had revenue of $35.69 million for the quarter, compared to analysts’ expectations of $32.01 million.
GTY has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Getty Realty from a “sell” rating to a “hold” rating in a research note on Thursday, November 21st. ValuEngine cut shares of Getty Realty from a “buy” rating to a “hold” rating in a research report on Friday, November 29th. Finally, JMP Securities reissued a “hold” rating on shares of Getty Realty in a research note on Tuesday, September 17th.
Hedge funds have recently made changes to their positions in the company. Tributary Capital Management LLC acquired a new stake in shares of Getty Realty in the 3rd quarter worth $12,599,000. Nuveen Asset Management LLC purchased a new position in Getty Realty during the 2nd quarter valued at $9,959,000. Morgan Stanley boosted its holdings in Getty Realty by 67.0% during the 2nd quarter. Morgan Stanley now owns 357,171 shares of the real estate investment trust’s stock valued at $10,987,000 after acquiring an additional 143,264 shares during the period. Invesco Ltd. boosted its holdings in Getty Realty by 19.9% during the 2nd quarter. Invesco Ltd. now owns 788,309 shares of the real estate investment trust’s stock valued at $24,249,000 after acquiring an additional 130,650 shares during the period. Finally, First Trust Advisors LP grew its position in Getty Realty by 280.3% in the 2nd quarter. First Trust Advisors LP now owns 69,054 shares of the real estate investment trust’s stock valued at $2,124,000 after acquiring an additional 50,895 shares during the last quarter. 63.90% of the stock is currently owned by hedge funds and other institutional investors.
GTY stock opened at $32.74 on Friday. The stock has a market capitalization of $1.35 billion, a P/E ratio of 19.15, a price-to-earnings-growth ratio of 8.66 and a beta of 0.50. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. Getty Realty has a 12 month low of $28.50 and a 12 month high of $35.03. The firm has a 50-day moving average price of $33.12 and a 200-day moving average price of $31.77.
The company also recently declared 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. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.52%. This is a boost from Getty Realty’s previous quarterly dividend of $0.35. The ex-dividend date is Tuesday, December 24th. Getty Realty’s dividend payout ratio is presently 81.87%.
About Getty Realty
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