Equities analysts predict that Getty Realty Corp. (NYSE:GTY) will announce $37.85 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Getty Realty’s earnings, with the lowest sales estimate coming in at $36.95 million and the highest estimate coming in at $38.74 million. Getty Realty reported sales of $37.90 million during the same quarter last year, which suggests a negative year over year growth rate of 0.1%. The business is scheduled to announce its next earnings report on Wednesday, October 20th.
On average, analysts expect that Getty Realty will report full year sales of $150.48 million for the current financial year, with estimates ranging from $147.80 million to $153.16 million. For the next fiscal year, analysts anticipate that the company will post sales of $155.31 million, with estimates ranging from $147.80 million to $162.82 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Getty Realty.
Getty Realty (NYSE:GTY) last issued its earnings results on Wednesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.20). The company had revenue of $38.26 million for the quarter, compared to analysts’ expectations of $37.56 million. Getty Realty had a net margin of 50.71% and a return on equity of 11.50%.
A number of hedge funds have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC increased its position in Getty Realty by 0.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 184,927 shares of the real estate investment trust’s stock valued at $5,760,000 after buying an additional 928 shares in the last quarter. Marshall Wace North America L.P. bought a new position in Getty Realty during the 2nd quarter valued at approximately $239,000. Morgan Stanley increased its position in Getty Realty by 15.4% during the 2nd quarter. Morgan Stanley now owns 228,438 shares of the real estate investment trust’s stock valued at $7,115,000 after buying an additional 30,459 shares in the last quarter. Invesco Ltd. increased its position in Getty Realty by 304.0% during the 2nd quarter. Invesco Ltd. now owns 455,042 shares of the real estate investment trust’s stock valued at $14,175,000 after buying an additional 342,416 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY increased its position in Getty Realty by 94,107.1% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 13,189 shares of the real estate investment trust’s stock valued at $411,000 after buying an additional 13,175 shares in the last quarter. 69.05% of the stock is owned by institutional investors.
Shares of GTY stock opened at $30.03 on Friday. Getty Realty has a 1-year low of $24.87 and a 1-year high of $34.21. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.02 and a quick ratio of 2.02. The business has a 50-day moving average of $31.46 and a 200 day moving average of $30.95. The stock has a market capitalization of $1.34 billion, a PE ratio of 17.46 and a beta of 0.80.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 7th. Investors of record on Thursday, September 23rd will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date is Wednesday, September 22nd. Getty Realty’s dividend payout ratio (DPR) is presently 84.78%.
About Getty Realty
Getty Realty Corp. operates as a real estate investment trust. It engages in the acquisition, owning, selling, and leasing of convenience store and gas service station properties. The firm operates through the following brands: 76, BP, Citgo, Conoco, Exxon, Gulf, Mobil, Sunoco, Chevron, Global, Fas Mart, Aloha, United Oil, RaceTrac, and Valero.
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