Wall Street brokerages predict that Getty Realty Corp. (NYSE:GTY) will post $32.18 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Getty Realty’s earnings, with the lowest sales estimate coming in at $30.79 million and the highest estimate coming in at $33.56 million. Getty Realty posted sales of $29.45 million in the same quarter last year, which would indicate a positive year over year growth rate of 9.3%. The business is expected to announce its next quarterly earnings report on Tuesday, February 25th.
According to Zacks, analysts expect that Getty Realty will report full year sales of $127.15 million for the current year, with estimates ranging from $120.33 million to $133.97 million. For the next fiscal year, analysts expect that the company will report sales of $131.45 million, with estimates ranging from $128.66 million to $134.24 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Getty Realty.
Getty Realty (NYSE:GTY) last issued its quarterly earnings data 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). The company had revenue of $35.69 million during the quarter, compared to analysts’ expectations of $32.01 million. Getty Realty had a net margin of 35.19% and a return on equity of 8.49%.
GTY has been the subject of several analyst reports. ValuEngine lowered Getty Realty from a “buy” rating to a “hold” rating in a research note on Friday, November 29th. Zacks Investment Research upgraded Getty Realty from a “sell” rating to a “hold” rating in a research note on Thursday, November 21st. Finally, JMP Securities reiterated a “hold” rating on shares of Getty Realty in a research note on Tuesday, September 17th.
Getty Realty stock traded up $0.21 during trading on Friday, hitting $33.25. The company’s stock had a trading volume of 124,982 shares, compared to its average volume of 113,912. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 19.44, a P/E/G ratio of 8.88 and a beta of 0.50. The stock’s fifty day moving average is $33.05 and its 200 day moving average is $31.67. Getty Realty has a 1-year low of $28.50 and a 1-year high of $35.03. 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be paid a $0.37 dividend. This is a positive change 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 presently 81.87%.
A number of institutional investors have recently added to or reduced their stakes in the stock. State Street Corp increased its stake in Getty Realty by 1.0% in the third quarter. State Street Corp now owns 1,525,651 shares of the real estate investment trust’s stock valued at $49,440,000 after purchasing an additional 15,126 shares during the last quarter. Northern Trust Corp increased its stake in Getty Realty by 1.6% in the second quarter. Northern Trust Corp now owns 813,876 shares of the real estate investment trust’s stock valued at $25,035,000 after purchasing an additional 13,017 shares during the last quarter. Invesco Ltd. increased its stake in Getty Realty by 19.9% during the second quarter. Invesco Ltd. now owns 788,309 shares of the real estate investment trust’s stock worth $24,249,000 after acquiring an additional 130,650 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Getty Realty by 0.9% during the second quarter. JPMorgan Chase & Co. now owns 548,341 shares of the real estate investment trust’s stock worth $16,598,000 after acquiring an additional 4,988 shares during the last quarter. Finally, Tributary Capital Management LLC acquired a new stake in Getty Realty during the third quarter worth about $12,599,000. Hedge funds and other institutional investors own 63.90% of the company’s stock.
About Getty Realty
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