Getty Realty Corp. (NYSE:GTY) – Equities research analysts at KeyCorp raised their Q1 2018 earnings per share estimates for Getty Realty in a report issued on Tuesday. KeyCorp analyst C. Mailman now expects that the real estate investment trust will post earnings per share of $0.45 for the quarter, up from their previous estimate of $0.44. KeyCorp currently has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Getty Realty’s Q4 2018 earnings at $0.44 EPS and FY2019 earnings at $1.81 EPS.
A number of other analysts have also commented on GTY. Zacks Investment Research lowered shares of Getty Realty from a “hold” rating to a “sell” rating in a report on Monday, November 13th. ValuEngine lowered shares of Getty Realty from a “buy” rating to a “hold” rating in a report on Monday, February 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $28.75.
Getty Realty (NYSE:GTY) last issued its quarterly earnings results on Wednesday, February 28th. The real estate investment trust reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.12). The company had revenue of $28.16 million during the quarter, compared to analyst estimates of $27.57 million. Getty Realty had a net margin of 39.27% and a return on equity of 9.41%. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 EPS.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GTY. Ingalls & Snyder LLC bought a new position in shares of Getty Realty during the fourth quarter worth $13,761,000. Renaissance Technologies LLC increased its stake in shares of Getty Realty by 23.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,859,912 shares of the real estate investment trust’s stock worth $50,515,000 after purchasing an additional 354,600 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Getty Realty by 89.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 608,510 shares of the real estate investment trust’s stock worth $17,525,000 after purchasing an additional 287,813 shares during the last quarter. BlackRock Inc. increased its stake in shares of Getty Realty by 5.5% during the 4th quarter. BlackRock Inc. now owns 4,955,781 shares of the real estate investment trust’s stock worth $134,597,000 after purchasing an additional 257,553 shares during the last quarter. Finally, Boston Partners acquired a new position in shares of Getty Realty during the 3rd quarter worth about $7,282,000. 64.31% of the stock is owned by hedge funds and other institutional investors.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 22nd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date is Wednesday, March 21st. Getty Realty’s dividend payout ratio is presently 100.00%.
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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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