Getty Realty Corp. (NYSE:GTY) Expected to Post Earnings of $0.49 Per Share

Analysts expect Getty Realty Corp. (NYSE:GTY) to announce $0.49 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Getty Realty’s earnings. The highest EPS estimate is $0.50 and the lowest is $0.48. Getty Realty posted earnings of $0.48 per share in the same quarter last year, which suggests a positive year over year growth rate of 2.1%. The firm is expected to issue its next earnings report after the market closes on Wednesday, February 23rd.

According to Zacks, analysts expect that Getty Realty will report full-year earnings of $1.93 per share for the current year, with EPS estimates ranging from $1.89 to $1.95. For the next financial year, analysts expect that the company will report earnings of $2.01 per share, with EPS estimates ranging from $1.96 to $2.06. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Getty Realty.

Getty Realty (NYSE:GTY) last released its quarterly earnings results on Wednesday, October 27th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.19). The business had revenue of $39.67 million during the quarter, compared to analyst estimates of $38.61 million. Getty Realty had a return on equity of 11.53% and a net margin of 51.37%. During the same period in the previous year, the company posted $0.47 EPS.

A number of equities analysts have commented on the company. Zacks Investment Research cut Getty Realty from a “hold” rating to a “sell” rating in a report on Monday, November 29th. Robert W. Baird assumed coverage on Getty Realty in a report on Thursday, October 21st. They set an “outperform” rating and a $34.00 target price for the company. Finally, Royal Bank of Canada assumed coverage on Getty Realty in a report on Friday, September 17th. They set a “sector perform” rating and a $31.00 target price for the company.

NYSE GTY opened at $31.58 on Wednesday. The stock has a 50-day moving average of $31.65 and a 200 day moving average of $31.43. Getty Realty has a twelve month low of $25.94 and a twelve month high of $34.21. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 18.05 and a beta of 0.83. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.81.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 6th. Investors of record on Thursday, December 23rd were given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 5.19%. This is a positive change from Getty Realty’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Wednesday, December 22nd. Getty Realty’s dividend payout ratio is presently 93.71%.

Large investors have recently added to or reduced their stakes in the business. Securian Asset Management Inc. lifted its stake in Getty Realty by 71.6% during the third quarter. Securian Asset Management Inc. now owns 68,300 shares of the real estate investment trust’s stock worth $2,002,000 after purchasing an additional 28,500 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Getty Realty by 8.8% during the second quarter. Envestnet Asset Management Inc. now owns 90,981 shares of the real estate investment trust’s stock worth $2,834,000 after purchasing an additional 7,354 shares in the last quarter. New York State Common Retirement Fund lifted its stake in Getty Realty by 22.9% during the second quarter. New York State Common Retirement Fund now owns 36,387 shares of the real estate investment trust’s stock worth $1,133,000 after purchasing an additional 6,791 shares in the last quarter. Virtus ETF Advisers LLC lifted its stake in Getty Realty by 8.9% during the second quarter. Virtus ETF Advisers LLC now owns 51,243 shares of the real estate investment trust’s stock worth $1,596,000 after purchasing an additional 4,191 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Getty Realty by 11.7% in the second quarter. Geode Capital Management LLC now owns 797,314 shares of the real estate investment trust’s stock valued at $24,836,000 after acquiring an additional 83,561 shares in the last quarter. Institutional investors own 68.79% of the company’s stock.

About Getty Realty

Getty Realty Corp. operates as a real estate investment trust. It engages in the acquisition, owning, selling, and leasing of convenience store and gas service station properties. The firm operates through the following brands: 76, BP, Citgo, Conoco, Exxon, Gulf, Mobil, Sunoco, Chevron, Global, Fas Mart, Aloha, United Oil, RaceTrac, and Valero.

Further Reading: What is Green Investing?

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

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.