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.
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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