Analysts expect that Getty Realty Corp. (NYSE:GTY) will announce sales of $27.99 million for the current quarter, Zacks reports. Two analysts have provided estimates for Getty Realty’s earnings, with estimates ranging from $26.96 million to $29.02 million. Getty Realty reported sales of $29.72 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 5.8%. The company is scheduled to report its next earnings report on Wednesday, March 7th.
According to Zacks, analysts expect that Getty Realty will report full-year sales of $27.99 million for the current fiscal year, with estimates ranging from $101.34 million to $112.91 million. For the next year, analysts anticipate that the firm will post sales of $115.01 million per share, with estimates ranging from $113.92 million to $116.09 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Getty Realty.
Several brokerages have issued reports on GTY. Zacks Investment Research raised 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 began coverage on Getty Realty in a research note on Tuesday, December 12th. They set a “sector weight” rating for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Getty Realty has an average rating of “Buy” and a consensus target price of $28.75.
Shares of Getty Realty (NYSE GTY) traded down $0.20 on Friday, reaching $25.91. The company’s stock had a trading volume of 109,158 shares, compared to its average volume of 144,703. The stock has a market capitalization of $1,045.30, a price-to-earnings ratio of 21.77, a P/E/G ratio of 6.02 and a beta of 0.54. 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 1-year low of $22.91 and a 1-year high of $29.89.
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Getty Realty by 1.6% during the second quarter. Vanguard Group Inc. now owns 4,645,500 shares of the real estate investment trust’s stock valued at $116,602,000 after purchasing an additional 71,575 shares during the period. BlackRock Inc. boosted its stake in shares of Getty Realty by 1.3% during the second quarter. BlackRock Inc. now owns 4,012,218 shares of the real estate investment trust’s stock valued at $100,709,000 after purchasing an additional 51,859 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Getty Realty by 14.9% during the second quarter. Renaissance Technologies LLC now owns 1,136,312 shares of the real estate investment trust’s stock valued at $28,521,000 after purchasing an additional 147,600 shares during the period. State Street Corp boosted its stake in shares of Getty Realty by 5.3% during the second quarter. State Street Corp now owns 781,361 shares of the real estate investment trust’s stock valued at $19,613,000 after purchasing an additional 39,522 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Getty Realty by 7.5% during the third quarter. Bank of New York Mellon Corp now owns 725,249 shares of the real estate investment trust’s stock valued at $20,749,000 after purchasing an additional 50,896 shares during the period. 62.54% of the stock is owned by hedge funds and other institutional investors.
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Getty Realty 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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