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

Wall Street analysts expect that Getty Realty Corp. (NYSE:GTY) will report $0.46 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Getty Realty’s earnings. The highest EPS estimate is $0.46 and the lowest is $0.45. Getty Realty reported earnings per share of $0.43 in the same quarter last year, which suggests a positive year-over-year growth rate of 7%. The company is scheduled to announce its next earnings results on Wednesday, July 24th.

On average, analysts expect that Getty Realty will report full year earnings of $1.77 per share for the current fiscal year, with EPS estimates ranging from $1.74 to $1.80. For the next year, analysts forecast that the firm will report earnings of $1.85 per share, with EPS estimates ranging from $1.79 to $1.92. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Getty Realty.

Getty Realty (NYSE:GTY) last posted its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.17). Getty Realty had a return on equity of 8.56% and a net margin of 35.21%. The firm had revenue of $33.29 million for the quarter, compared to analyst estimates of $29.65 million.



Separately, Zacks Investment Research cut Getty Realty from a “hold” rating to a “sell” rating in a research report on Friday, May 17th.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Deutsche Bank AG grew its holdings in shares of Getty Realty by 0.3% during the fourth quarter. Deutsche Bank AG now owns 118,490 shares of the real estate investment trust’s stock worth $3,482,000 after buying an additional 377 shares during the last quarter. Mason Street Advisors LLC grew its holdings in shares of Getty Realty by 4.3% during the first quarter. Mason Street Advisors LLC now owns 10,894 shares of the real estate investment trust’s stock worth $349,000 after buying an additional 446 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Getty Realty by 1.0% during the first quarter. Arizona State Retirement System now owns 52,326 shares of the real estate investment trust’s stock worth $1,676,000 after buying an additional 517 shares during the last quarter. Piedmont Investment Advisors Inc. grew its holdings in shares of Getty Realty by 6.8% during the first quarter. Piedmont Investment Advisors Inc. now owns 8,532 shares of the real estate investment trust’s stock worth $273,000 after buying an additional 543 shares during the last quarter. Finally, Sapphire Star Partners LP grew its holdings in shares of Getty Realty by 2.8% during the fourth quarter. Sapphire Star Partners LP now owns 20,534 shares of the real estate investment trust’s stock worth $604,000 after buying an additional 559 shares during the last quarter. Institutional investors and hedge funds own 64.96% of the company’s stock.

GTY opened at $30.79 on Thursday. The business’s 50-day moving average price is $31.77. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.70 and a quick ratio of 1.70. Getty Realty has a one year low of $26.50 and a one year high of $35.03. The firm has a market capitalization of $1.28 billion, a PE ratio of 18.15, a P/E/G ratio of 6.31 and a beta of 0.60.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Thursday, June 20th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend is Wednesday, June 19th. Getty Realty’s dividend payout ratio (DPR) is currently 81.87%.

About Getty Realty

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