Analysts expect Getty Realty Corp. (NYSE:GTY) to announce sales of $29.65 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Getty Realty’s earnings. The highest sales estimate is $29.85 million and the lowest is $29.45 million. Getty Realty posted sales of $28.28 million during the same quarter last year, which would indicate a positive year over year growth rate of 4.8%. The firm is scheduled to issue its next earnings results after the market closes on Tuesday, April 30th.
On average, analysts expect that Getty Realty will report full year sales of $120.77 million for the current financial year, with estimates ranging from $117.81 million to $123.72 million. For the next year, analysts expect that the company will report sales of $125.87 million, with estimates ranging from $117.81 million to $133.92 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Getty Realty.
Getty Realty (NYSE:GTY) last released its quarterly earnings data on Tuesday, February 26th. The real estate investment trust reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.16). The business had revenue of $29.45 million during the quarter, compared to analyst estimates of $30.05 million. Getty Realty had a return on equity of 8.52% and a net margin of 35.05%.
Separately, Zacks Investment Research downgraded shares of Getty Realty from a “hold” rating to a “sell” rating in a report on Thursday, February 28th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Getty Realty has a consensus rating of “Buy” and an average price target of $30.75.
Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in shares of Getty Realty by 1.7% during the third quarter. Bank of New York Mellon Corp now owns 535,225 shares of the real estate investment trust’s stock valued at $15,287,000 after acquiring an additional 8,943 shares during the period. Texas Permanent School Fund boosted its holdings in shares of Getty Realty by 4.4% during the fourth quarter. Texas Permanent School Fund now owns 22,015 shares of the real estate investment trust’s stock valued at $647,000 after acquiring an additional 922 shares during the period. Navellier & Associates Inc boosted its holdings in shares of Getty Realty by 1.5% during the fourth quarter. Navellier & Associates Inc now owns 25,852 shares of the real estate investment trust’s stock valued at $760,000 after acquiring an additional 378 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Getty Realty by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 509,769 shares of the real estate investment trust’s stock valued at $14,558,000 after purchasing an additional 7,850 shares in the last quarter. Finally, GSA Capital Partners LLP raised its stake in shares of Getty Realty by 67.5% during the third quarter. GSA Capital Partners LLP now owns 14,845 shares of the real estate investment trust’s stock valued at $424,000 after purchasing an additional 5,980 shares in the last quarter. 65.61% of the stock is owned by institutional investors.
Getty Realty stock traded up $0.40 during mid-day trading on Monday, reaching $31.79. The company’s stock had a trading volume of 52,820 shares, compared to its average volume of 117,168. The company has a market cap of $1.30 billion, a PE ratio of 18.59, a P/E/G ratio of 5.89 and a beta of 0.60. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.95 and a quick ratio of 1.95. Getty Realty has a twelve month low of $24.34 and a twelve month high of $35.03.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 4.40%. The ex-dividend date of this dividend was Wednesday, March 20th. Getty Realty’s dividend payout ratio (DPR) is 81.87%.
About Getty Realty
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