Analysts forecast that Getty Realty Corp. (NYSE:GTY) will announce earnings per share of $0.45 for the current quarter, Zacks Investment Research 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 posted earnings of $0.43 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.7%. The firm is expected to report 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 anticipate that the company will post earnings of $1.84 per share, with EPS estimates ranging from $1.81 to $1.87. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Getty Realty.
Getty Realty (NYSE:GTY) last posted its 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). The business had revenue of $35.69 million for the quarter, compared to the consensus estimate of $32.01 million. Getty Realty had a return on equity of 8.49% and a net margin of 35.19%.
Shares of NYSE:GTY traded up $0.21 during midday trading on Wednesday, hitting $33.25. 124,982 shares of the company’s stock were exchanged, compared to its average volume of 113,912. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a 50 day moving average price of $33.05 and a 200-day moving average price of $31.67. The company has a market cap of $1.36 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 8.88 and a beta of 0.50. Getty Realty has a 12 month low of $28.50 and a 12 month high of $35.03.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be issued a dividend of $0.37 per share. The ex-dividend date is Tuesday, December 24th. This is a boost from Getty Realty’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a yield of 4.45%. Getty Realty’s payout ratio is 81.87%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Tributary Capital Management LLC purchased a new position in Getty Realty in the third quarter valued at about $12,599,000. Nuveen Asset Management LLC purchased a new position in Getty Realty in the second quarter valued at about $9,959,000. Morgan Stanley boosted its stake in Getty Realty by 67.0% in the second quarter. Morgan Stanley now owns 357,171 shares of the real estate investment trust’s stock valued at $10,987,000 after acquiring an additional 143,264 shares during the last quarter. Invesco Ltd. boosted its stake in Getty Realty by 19.9% in the second quarter. Invesco Ltd. now owns 788,309 shares of the real estate investment trust’s stock valued at $24,249,000 after acquiring an additional 130,650 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in Getty Realty by 280.3% in the second quarter. First Trust Advisors LP now owns 69,054 shares of the real estate investment trust’s stock valued at $2,124,000 after acquiring an additional 50,895 shares during the last quarter. Institutional investors and hedge funds own 63.90% of the company’s stock.
About Getty Realty
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