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