Analysts forecast that Getty Realty Corp. (NYSE:GTY) will post sales of $32.18 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Getty Realty’s earnings. The lowest sales estimate is $30.79 million and the highest is $33.56 million. Getty Realty posted sales of $29.45 million during the same quarter last year, which suggests a positive year-over-year growth rate of 9.3%. The business is scheduled to report its next earnings results on Tuesday, February 25th.
According to Zacks, analysts expect that Getty Realty will report full year sales of $127.15 million for the current year, with estimates ranging from $120.33 million to $133.97 million. For the next year, analysts forecast that the firm will report sales of $131.45 million, with estimates ranging from $128.66 million to $134.24 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Getty Realty.
Getty Realty (NYSE:GTY) last announced its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.17). The company had revenue of $35.69 million for the quarter, compared to analyst estimates of $32.01 million. Getty Realty had a return on equity of 8.49% and a net margin of 35.19%.
A number of analysts have recently weighed in on the company. ValuEngine cut Getty Realty from a “buy” rating to a “hold” rating in a research report on Friday, November 29th. Zacks Investment Research upgraded Getty Realty from a “sell” rating to a “hold” rating in a research report on Thursday, November 21st. Finally, JMP Securities reiterated a “hold” rating on shares of Getty Realty in a research report on Tuesday, September 17th.
Shares of Getty Realty stock traded up $0.21 on Friday, reaching $33.25. 124,982 shares of the company were exchanged, compared to its average volume of 113,912. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The company’s 50-day moving average is $33.05 and its two-hundred day moving average is $31.67. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 19.44, a P/E/G ratio of 8.88 and a beta of 0.50. Getty Realty has a 1-year low of $28.50 and a 1-year high of $35.03.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.45%. This is a boost from Getty Realty’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Tuesday, December 24th. Getty Realty’s dividend payout ratio is presently 81.87%.
Institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its position in Getty Realty by 285.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,163 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 861 shares during the period. Dupont Capital Management Corp acquired a new stake in Getty Realty in the 3rd quarter valued at approximately $62,000. Russell Investments Group Ltd. acquired a new stake in Getty Realty in the 2nd quarter valued at approximately $163,000. Nisa Investment Advisors LLC boosted its stake in Getty Realty by 41.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,431 shares of the real estate investment trust’s stock valued at $167,000 after purchasing an additional 1,603 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in Getty Realty by 16.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,804 shares of the real estate investment trust’s stock valued at $179,000 after purchasing an additional 800 shares in the last quarter. Institutional investors and hedge funds own 63.90% of the company’s stock.
About Getty Realty
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