Getty Realty (NYSE:GTY – Get Rating) is set to issue its quarterly earnings data after the market closes on Wednesday, April 27th. Analysts expect the company to announce earnings of $0.46 per share for the quarter. Getty Realty has set its FY 2022 guidance at $2.080-$2.100 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.
Getty Realty (NYSE:GTY – Get Rating) last posted its earnings results on Wednesday, February 23rd. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.11). Getty Realty had a net margin of 40.45% and a return on equity of 8.94%. The firm had revenue of $39.01 million for the quarter, compared to the consensus estimate of $39.61 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. On average, analysts expect Getty Realty to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NYSE:GTY opened at $28.67 on Wednesday. The business has a fifty day simple moving average of $28.12. Getty Realty has a 52 week low of $26.79 and a 52 week high of $34.21. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.78. The stock has a market cap of $1.34 billion, a PE ratio of 21.08 and a beta of 0.87.
Several hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new stake in Getty Realty during the fourth quarter worth about $11,765,000. BlackRock Inc. boosted its position in shares of Getty Realty by 2.4% during the 4th quarter. BlackRock Inc. now owns 7,173,877 shares of the real estate investment trust’s stock worth $230,209,000 after acquiring an additional 169,602 shares in the last quarter. Vident Investment Advisory LLC boosted its holdings in Getty Realty by 1.2% in the fourth quarter. Vident Investment Advisory LLC now owns 38,415 shares of the real estate investment trust’s stock valued at $1,233,000 after purchasing an additional 463 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Getty Realty by 70.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 211,851 shares of the real estate investment trust’s stock valued at $6,799,000 after buying an additional 87,680 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Getty Realty by 4.4% during the fourth quarter. California State Teachers Retirement System now owns 54,303 shares of the real estate investment trust’s stock worth $1,743,000 after purchasing an additional 2,266 shares in the last quarter. 70.14% of the stock is owned by institutional investors and hedge funds.
Several brokerages have issued reports on GTY. StockNews.com assumed coverage on shares of Getty Realty in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research upgraded Getty Realty from a “sell” rating to a “hold” rating in a research note on Tuesday, April 5th. Finally, Bank of America lowered shares of Getty Realty from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $34.00 to $31.00 in a research note on Thursday, January 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $33.60.
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