Zacks: Analysts Anticipate Getty Realty Corp. (NYSE:GTY) to Post $0.45 EPS

Wall Street analysts expect that Getty Realty Corp. (NYSE:GTY) will announce $0.45 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Getty Realty’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.44. Getty Realty reported earnings per share of $0.43 during the same quarter last year, which would indicate a positive year over year growth rate of 4.7%. The company is scheduled to issue its next quarterly earnings report 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 fiscal year, analysts forecast that the firm will report earnings of $1.83 per share, with EPS estimates ranging from $1.79 to $1.87. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Getty Realty.

Getty Realty (NYSE:GTY) last issued its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.28 EPS for the quarter, missing the 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 business had revenue of $35.69 million for the quarter, compared to the consensus estimate of $32.01 million.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Getty Realty from a “sell” rating to a “hold” rating in a report on Monday. ValuEngine cut shares of Getty Realty from a “buy” rating to a “hold” rating in a report on Friday, November 29th.

NYSE:GTY traded up $0.17 on Friday, hitting $32.79. 672 shares of the company’s stock were exchanged, compared to its average volume of 129,228. The firm has a 50-day moving average price of $32.72 and a 200-day moving average price of $31.90. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. Getty Realty has a 52 week low of $28.93 and a 52 week high of $35.03. The company has a market cap of $1.32 billion, a P/E ratio of 19.10, a price-to-earnings-growth ratio of 8.39 and a beta of 0.49.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.51%. This is a boost from Getty Realty’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Tuesday, December 24th. Getty Realty’s dividend payout ratio is presently 86.55%.

Hedge funds have recently modified their holdings of the company. Zebra Capital Management LLC raised its holdings in shares of Getty Realty by 14.6% in the 3rd quarter. Zebra Capital Management LLC now owns 11,399 shares of the real estate investment trust’s stock valued at $365,000 after purchasing an additional 1,449 shares during the period. Envestnet Asset Management Inc. bought a new stake in shares of Getty Realty in the 3rd quarter valued at about $1,003,000. Tower Research Capital LLC TRC raised its holdings in shares of Getty Realty by 103.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,365 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 1,202 shares during the period. Nuveen Asset Management LLC bought a new stake in shares of Getty Realty in the 2nd quarter valued at about $9,959,000. Finally, Stifel Financial Corp bought a new stake in shares of Getty Realty in the 3rd quarter valued at about $1,397,000. 63.92% of the stock is currently owned by institutional investors.

Getty Realty Company Profile

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