$0.49 EPS Expected for Getty Realty Corp. (NYSE:GTY) This Quarter

Wall Street brokerages expect that Getty Realty Corp. (NYSE:GTY) will report earnings per share of $0.49 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Getty Realty’s earnings, with estimates ranging from $0.48 to $0.50. Getty Realty reported earnings per share of $0.48 in the same quarter last year, which would suggest a positive year over year growth rate of 2.1%. The company is expected to report its next earnings report after the market closes on Wednesday, February 23rd.

On average, analysts expect that Getty Realty will report full-year earnings of $1.93 per share for the current financial year, with EPS estimates ranging from $1.89 to $1.95. For the next year, analysts anticipate that the company will post earnings of $2.01 per share, with EPS estimates ranging from $1.96 to $2.06. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Getty Realty.

Getty Realty (NYSE:GTY) last released its earnings results on Wednesday, October 27th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.19). The company had revenue of $39.67 million for the quarter, compared to the consensus estimate of $38.61 million. Getty Realty had a net margin of 51.37% and a return on equity of 11.53%. During the same period in the prior year, the firm posted $0.47 EPS.

GTY has been the topic of several analyst reports. Robert W. Baird initiated coverage on Getty Realty in a research report on Thursday, October 21st. They set an “outperform” rating and a $34.00 target price on the stock. Zacks Investment Research downgraded Getty Realty from a “hold” rating to a “sell” rating in a research report on Monday, November 29th. Finally, Royal Bank of Canada started coverage on Getty Realty in a research report on Friday, September 17th. They issued a “sector perform” rating and a $31.00 price objective on the stock.

Institutional investors have recently made changes to their positions in the business. Invesco Ltd. grew its position in shares of Getty Realty by 304.0% during the 2nd quarter. Invesco Ltd. now owns 455,042 shares of the real estate investment trust’s stock worth $14,175,000 after buying an additional 342,416 shares in the last quarter. BlackRock Inc. grew its position in shares of Getty Realty by 3.6% during the 2nd quarter. BlackRock Inc. now owns 6,992,505 shares of the real estate investment trust’s stock worth $217,817,000 after buying an additional 245,807 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Getty Realty by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 5,926,529 shares of the real estate investment trust’s stock worth $184,612,000 after buying an additional 185,007 shares in the last quarter. First Trust Advisors LP grew its position in shares of Getty Realty by 875.8% during the 2nd quarter. First Trust Advisors LP now owns 169,806 shares of the real estate investment trust’s stock worth $5,289,000 after buying an additional 152,404 shares in the last quarter. Finally, BOKF NA bought a new position in shares of Getty Realty during the 3rd quarter worth $4,212,000. 68.79% of the stock is currently owned by institutional investors.

NYSE GTY opened at $31.58 on Wednesday. The company has a market cap of $1.43 billion, a P/E ratio of 18.05 and a beta of 0.83. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.81 and a current ratio of 1.81. The business’s 50 day moving average price is $31.65 and its 200-day moving average price is $31.43. Getty Realty has a fifty-two week low of $25.94 and a fifty-two week high of $34.21.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 6th. Shareholders of record on Thursday, December 23rd were given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 5.19%. The ex-dividend date was Wednesday, December 22nd. This is an increase from Getty Realty’s previous quarterly dividend of $0.39. Getty Realty’s dividend payout ratio is 93.71%.

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.

Further Reading: Fibonacci Channel

Get a free copy of the Zacks research report on Getty Realty (GTY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Getty Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Getty Realty and related companies with MarketBeat.com's FREE daily email newsletter.