Brokerages Expect Getty Realty Corp. (NYSE:GTY) to Announce $0.47 Earnings Per Share

Wall Street analysts forecast that Getty Realty Corp. (NYSE:GTY – Get Rating) will post $0.47 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Getty Realty’s earnings. Getty Realty posted earnings of $0.49 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 4.1%. The business is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Getty Realty will report full-year earnings of $1.97 per share for the current financial year, with EPS estimates ranging from $1.92 to $2.06. For the next fiscal year, analysts forecast that the business will report earnings of $2.06 per share, with EPS estimates ranging from $2.02 to $2.11. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Getty Realty.

Getty Realty (NYSE:GTY – Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.13. Getty Realty had a return on equity of 8.85% and a net margin of 40.45%. During the same period in the prior year, the business earned $0.47 earnings per share.

GTY has been the subject of a number of recent analyst reports. Bank of America downgraded Getty Realty from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $34.00 to $31.00 in a report on Thursday, January 20th. Zacks Investment Research raised shares of Getty Realty from a “sell” rating to a “hold” rating in a research report on Tuesday, April 5th. StockNews.com raised shares of Getty Realty from a “hold” rating to a “buy” rating in a research report on Wednesday, May 4th. Finally, JMP Securities started coverage on Getty Realty in a research note on Tuesday, May 10th. They set an “outperform” rating and a $32.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $32.60.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Getty Realty in the first quarter valued at about $12,999,000. Norges Bank bought a new stake in shares of Getty Realty in the fourth quarter worth about $11,765,000. Invesco Ltd. increased its holdings in shares of Getty Realty by 76.4% in the fourth quarter. Invesco Ltd. now owns 785,740 shares of the real estate investment trust’s stock worth $25,213,000 after purchasing an additional 340,352 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Getty Realty by 3.8% in the first quarter. Vanguard Group Inc. now owns 6,423,351 shares of the real estate investment trust’s stock worth $183,836,000 after purchasing an additional 234,507 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in Getty Realty during the fourth quarter worth approximately $5,462,000. Institutional investors own 71.77% of the company’s stock.

NYSE GTY opened at $26.47 on Friday. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 19.61 and a beta of 0.85. Getty Realty has a twelve month low of $24.66 and a twelve month high of $34.21. The stock has a fifty day simple moving average of $27.81 and a 200 day simple moving average of $29.56. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.84.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 7th. Stockholders of record on Thursday, June 23rd will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.20%. The ex-dividend date of this dividend is Wednesday, June 22nd. Getty Realty’s payout ratio is presently 121.48%.

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