$0.46 Earnings Per Share Expected for Getty Realty Corp. (NYSE:GTY) This Quarter

Wall Street brokerages forecast that Getty Realty Corp. (NYSE:GTY – Get Rating) will post earnings per share (EPS) of $0.46 for the current quarter, according to Zacks. Two analysts have provided estimates for Getty Realty’s earnings. Getty Realty posted earnings of $0.47 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 2.1%. The firm is expected to issue its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Getty Realty will report full-year earnings of $1.97 per share for the current year, with EPS estimates ranging from $1.92 to $2.06. For the next financial year, analysts expect that the business will post earnings of $2.06 per share, with EPS estimates ranging from $2.02 to $2.11. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Getty Realty.

Getty Realty (NYSE:GTY – Get Rating) last issued its quarterly earnings data 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). The firm had revenue of $39.01 million during the quarter, compared to analyst estimates of $39.61 million. Getty Realty had a return on equity of 8.94% and a net margin of 40.45%. During the same quarter in the prior year, the firm earned $0.48 EPS.

Several research firms have commented on GTY. Zacks Investment Research upgraded shares of Getty Realty from a “sell” rating to a “hold” rating in a research report on Tuesday, April 5th. Bank of America cut shares of Getty Realty from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $34.00 to $31.00 in a research report on Thursday, January 20th. Finally, StockNews.com began coverage on shares of Getty Realty in a research report on Thursday, March 31st. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $33.60.

GTY traded down $0.38 on Friday, hitting $28.37. 269,922 shares of the company’s stock were exchanged, compared to its average volume of 239,466. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 20.86 and a beta of 0.87. Getty Realty has a twelve month low of $26.79 and a twelve month high of $34.21. The company’s fifty day simple moving average is $28.16. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.78.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 7th. Stockholders of record on Thursday, March 24th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 5.78%. The ex-dividend date of this dividend was Wednesday, March 23rd. Getty Realty’s dividend payout ratio (DPR) is presently 120.59%.

Hedge funds have recently added to or reduced their stakes in the stock. UMB Bank N A MO acquired a new stake in Getty Realty during the fourth quarter valued at approximately $25,000. Spirit of America Management Corp NY purchased a new stake in shares of Getty Realty in the 4th quarter valued at approximately $32,000. JFS Wealth Advisors LLC purchased a new stake in shares of Getty Realty in the 3rd quarter valued at approximately $29,000. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Getty Realty by 226.8% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,062 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 737 shares in the last quarter. Finally, Spire Wealth Management lifted its position in shares of Getty Realty by 84.3% in the 1st quarter. Spire Wealth Management now owns 1,968 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 900 shares in the last quarter. 70.14% of the stock is owned by institutional investors and hedge funds.

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