$0.45 EPS Expected for Getty Realty Corp. (NYSE:GTY) This Quarter

Analysts expect that Getty Realty Corp. (NYSE:GTY) will announce $0.45 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Getty Realty’s earnings, with the lowest EPS estimate coming in at $0.44 and the highest estimate coming in at $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 4.7%. The company is scheduled to report its next earnings report on Tuesday, February 25th.

On average, analysts expect that Getty Realty will report full year earnings of $1.80 per share for the current financial year, with EPS estimates ranging from $1.75 to $1.83. For the next financial year, analysts anticipate that the company will post earnings of $1.84 per share, with EPS estimates ranging from $1.81 to $1.87. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Getty Realty.

Getty Realty (NYSE:GTY) last issued its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.17). The company had revenue of $35.69 million during the quarter, compared to the consensus estimate of $32.01 million. Getty Realty had a return on equity of 8.49% and a net margin of 35.19%.

Several brokerages have weighed in on GTY. Zacks Investment Research raised shares of Getty Realty from a “sell” rating to a “hold” rating in a research report on Thursday, November 21st. JMP Securities reiterated a “hold” rating on shares of Getty Realty in a research note on Tuesday, September 17th. Finally, ValuEngine downgraded shares of Getty Realty from a “buy” rating to a “hold” rating in a report on Friday.

A number of large investors have recently modified their holdings of the business. State Street Corp lifted its holdings in Getty Realty by 1.0% during the third quarter. State Street Corp now owns 1,525,651 shares of the real estate investment trust’s stock valued at $49,440,000 after purchasing an additional 15,126 shares in the last quarter. Northern Trust Corp lifted its holdings in Getty Realty by 1.6% during the second quarter. Northern Trust Corp now owns 813,876 shares of the real estate investment trust’s stock valued at $25,035,000 after purchasing an additional 13,017 shares in the last quarter. Invesco Ltd. lifted its holdings in Getty Realty by 19.9% during the second quarter. Invesco Ltd. now owns 788,309 shares of the real estate investment trust’s stock valued at $24,249,000 after purchasing an additional 130,650 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Getty Realty by 0.9% during the second quarter. JPMorgan Chase & Co. now owns 548,341 shares of the real estate investment trust’s stock valued at $16,598,000 after purchasing an additional 4,988 shares in the last quarter. Finally, Tributary Capital Management LLC purchased a new position in Getty Realty during the third quarter valued at approximately $12,599,000. 63.90% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:GTY traded down $0.44 during trading on Wednesday, reaching $33.12. The company had a trading volume of 863 shares, compared to its average volume of 81,498. Getty Realty has a 12 month low of $28.50 and a 12 month high of $35.03. The stock has a market capitalization of $1.38 billion, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 8.88 and a beta of 0.50. The company has a fifty day moving average of $32.99 and a two-hundred day moving average of $31.65. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be issued a $0.37 dividend. This is an increase from Getty Realty’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Tuesday, December 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.47%. Getty Realty’s dividend payout ratio (DPR) is presently 81.87%.

Getty Realty Company Profile

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Earnings History and Estimates for Getty Realty (NYSE:GTY)

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