Getty Realty Corp. (NYSE:GTY) Issues FY17 Earnings Guidance

Getty Realty Corp. (NYSE:GTY) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.60-1.64 for the period, compared to the Thomson Reuters consensus estimate of $1.63.

Getty Realty Corp. (NYSE:GTY) remained flat at $$28.12 during trading hours on Friday. The stock had a trading volume of 154,000 shares, compared to its average volume of 207,870. The firm has a market capitalization of $1,110.00, a price-to-earnings ratio of 15.71, a PEG ratio of 4.75 and a beta of 0.56. Getty Realty Corp. has a fifty-two week low of $22.08 and a fifty-two week high of $29.89. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.37 and a current ratio of 1.37.

Getty Realty Corp. (NYSE:GTY) last announced its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.21). The firm had revenue of $29.50 million during the quarter, compared to analyst estimates of $27.35 million. Getty Realty Corp. had a net margin of 32.10% and a return on equity of 7.56%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the company earned $0.47 earnings per share. research analysts expect that Getty Realty Corp. will post 2 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Thursday, December 21st will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.55%. This is a boost from Getty Realty Corp.’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, December 20th. Getty Realty Corp.’s dividend payout ratio (DPR) is presently 96.55%.

GTY has been the subject of a number of analyst reports. Bank of America Corporation initiated coverage on Getty Realty Corp. in a research note on Wednesday, September 6th. They set a buy rating and a $30.00 target price for the company. ValuEngine raised Getty Realty Corp. from a hold rating to a buy rating in a research note on Friday, September 1st. BidaskClub raised Getty Realty Corp. from a hold rating to a buy rating in a research note on Wednesday, August 2nd. Canaccord Genuity assumed coverage on Getty Realty Corp. in a research report on Tuesday, July 18th. They set a buy rating and a $32.00 price target for the company. Finally, Zacks Investment Research upgraded Getty Realty Corp. from a hold rating to a buy rating and set a $33.00 price objective on the stock in a report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $28.75.

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Getty Realty Corp. Company Profile

Getty Realty Corp. is a real estate investment trust (REIT). The Company specializes in the ownership, leasing and financing of convenience store and gasoline station properties. As of June 30, 2017, the Company’s 825 properties were located in 26 states across the United States and Washington, District of Columbia.

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