Zacks: Brokerages Expect Getty Realty Corp. (NYSE:GTY) Will Announce Earnings of $0.45 Per Share

Share on StockTwits

Wall Street brokerages expect Getty Realty Corp. (NYSE:GTY) to announce $0.45 earnings per share for the current quarter, according to Zacks. Two analysts have provided estimates for Getty Realty’s earnings, with the lowest EPS estimate coming in at $0.44 and the highest estimate coming in at $0.45. Getty Realty posted earnings of $0.43 per share during the same quarter last year, which suggests a positive year over year growth rate of 4.7%. The firm is scheduled to announce 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 year, with EPS estimates ranging from $1.75 to $1.83. For the next financial year, analysts expect that the firm will report 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 research firms that follow Getty Realty.

Getty Realty (NYSE:GTY) last issued its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.17). Getty Realty had a net margin of 35.19% and a return on equity of 8.49%. The firm had revenue of $35.69 million during the quarter, compared to analyst estimates of $32.01 million.

GTY has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Getty Realty from a “sell” rating to a “hold” rating in a research note on Thursday, November 21st. JMP Securities reiterated a “hold” rating on shares of Getty Realty in a research note on Tuesday, September 17th. Finally, ValuEngine downgraded shares of Getty Realty from a “buy” rating to a “hold” rating in a research note on Friday, November 29th.

NYSE:GTY traded up $0.21 during mid-day trading on Wednesday, hitting $33.25. The stock had a trading volume of 124,982 shares, compared to its average volume of 113,912. Getty Realty has a twelve month low of $28.50 and a twelve month high of $35.03. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 8.88 and a beta of 0.50. The company’s 50 day simple moving average is $33.05 and its 200 day simple moving average is $31.67. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be issued a $0.37 dividend. 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%. The ex-dividend date is Tuesday, December 24th. Getty Realty’s dividend payout ratio is currently 81.87%.

A number of institutional investors have recently added to or reduced their stakes in GTY. Tributary Capital Management LLC bought a new position in Getty Realty in the 3rd quarter valued at about $12,599,000. Nuveen Asset Management LLC bought a new position in Getty Realty in the 2nd quarter valued at about $9,959,000. Morgan Stanley raised its holdings in Getty Realty by 67.0% in the 2nd 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 period. Invesco Ltd. raised its holdings in Getty Realty by 19.9% in the 2nd 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 period. Finally, First Trust Advisors LP raised its holdings in Getty Realty by 280.3% in the 2nd 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 period. 63.90% of the stock is currently owned by hedge funds and other institutional investors.

About Getty Realty

Recommended Story: What is the quiet period?

Get a free copy of the Zacks research report on Getty Realty (GTY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Getty Realty (NYSE:GTY)

Receive News & Ratings for Getty Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Getty Realty and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.