Getty Realty (GTY) to Release Quarterly Earnings on Thursday

Getty Realty (NYSE:GTY) is set to issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.56 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Getty Realty (NYSE:GTY) last released its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). The business had revenue of $45.62 million for the quarter, compared to the consensus estimate of $47.19 million. Getty Realty had a net margin of 32.37% and a return on equity of 6.72%. On average, analysts expect Getty Realty to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Getty Realty Stock Performance

Shares of GTY opened at $26.12 on Thursday. The company has a market capitalization of $1.41 billion, a PE ratio of 22.72 and a beta of 0.89. Getty Realty has a one year low of $25.90 and a one year high of $35.56. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.73 and a quick ratio of 3.73. The company’s fifty day moving average price is $26.92 and its 200 day moving average price is $27.83.

Getty Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were given a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.80 annualized dividend and a yield of 6.89%. Getty Realty’s dividend payout ratio is 156.52%.

Institutional Investors Weigh In On Getty Realty

Large investors have recently bought and sold shares of the company. LPL Financial LLC lifted its position in shares of Getty Realty by 4.1% during the 4th quarter. LPL Financial LLC now owns 8,267 shares of the real estate investment trust’s stock valued at $280,000 after acquiring an additional 328 shares during the period. Chilton Capital Management LLC raised its holdings in Getty Realty by 3.1% during the fourth quarter. Chilton Capital Management LLC now owns 14,337 shares of the real estate investment trust’s stock worth $491,000 after buying an additional 430 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in Getty Realty by 4.0% during the second quarter. BNP Paribas Arbitrage SA now owns 13,284 shares of the real estate investment trust’s stock worth $352,000 after buying an additional 510 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in Getty Realty by 16.4% during the second quarter. Ameritas Investment Partners Inc. now owns 3,704 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 521 shares during the last quarter. Finally, Guggenheim Capital LLC raised its holdings in Getty Realty by 6.9% during the first quarter. Guggenheim Capital LLC now owns 8,699 shares of the real estate investment trust’s stock worth $313,000 after buying an additional 560 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GTY. JMP Securities reiterated a “market outperform” rating and set a $33.00 target price on shares of Getty Realty in a research report on Monday, March 25th. StockNews.com downgraded shares of Getty Realty from a “hold” rating to a “sell” rating in a research note on Saturday, April 13th.

Getty Realty Company Profile