Brokerages forecast that Getty Realty Corp. (NYSE:GTY) will announce earnings of $0.45 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Getty Realty’s earnings. The lowest EPS estimate is $0.42 and the highest is $0.49. Getty Realty posted earnings per share of $0.43 during the same quarter last year, which suggests a positive year over year growth rate of 4.7%. The business is expected to report its next quarterly earnings report on Wednesday, March 7th.
According to Zacks, analysts expect that Getty Realty will report full year earnings of $1.95 per share for the current financial year, with EPS estimates ranging from $1.92 to $2.00. For the next year, analysts expect that the company will post earnings of $1.88 per share, with EPS estimates ranging from $1.77 to $2.02. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Getty Realty.
Getty Realty (NYSE:GTY) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.21). Getty Realty had a return on equity of 9.62% and a net margin of 36.66%. The business had revenue of $29.50 million for the quarter, compared to analyst estimates of $27.35 million. During the same quarter in the previous year, the business posted $0.47 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis.
GTY has been the subject of several research reports. Zacks Investment Research upgraded Getty Realty from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Tuesday, October 17th. KeyCorp initiated coverage on Getty Realty in a research note on Tuesday, December 12th. They issued a “sector weight” rating for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $28.75.
Several institutional investors and hedge funds have recently modified their holdings of GTY. SG Americas Securities LLC bought a new position in Getty Realty in the 3rd quarter valued at about $158,000. Piedmont Investment Advisors LLC bought a new position in Getty Realty in the 3rd quarter valued at about $204,000. D.A. Davidson & CO. lifted its position in Getty Realty by 2.4% in the 2nd quarter. D.A. Davidson & CO. now owns 7,755 shares of the real estate investment trust’s stock valued at $194,000 after acquiring an additional 180 shares in the last quarter. Nine Chapters Capital Management LLC bought a new position in Getty Realty in the 3rd quarter valued at about $235,000. Finally, Cubist Systematic Strategies LLC bought a new position in Getty Realty in the 3rd quarter valued at about $255,000. Institutional investors own 61.16% of the company’s stock.
Shares of Getty Realty (GTY) traded up $0.21 during trading on Monday, reaching $26.42. The company’s stock had a trading volume of 102,700 shares, compared to its average volume of 119,675. 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 has a 52-week low of $22.91 and a 52-week high of $29.89. The firm has a market cap of $1,046.49, a P/E ratio of 22.20, a P/E/G ratio of 6.03 and a beta of 0.54.
The company also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Thursday, December 21st were paid a $0.32 dividend. The ex-dividend date was Wednesday, December 20th. This is an increase from Getty Realty’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a dividend yield of 4.84%. Getty Realty’s dividend payout ratio (DPR) is currently 107.56%.
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About Getty Realty
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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