Analysts expect Getty Realty Corp. (NYSE:GTY) to post $27.99 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Getty Realty’s earnings. The lowest sales estimate is $26.96 million and the highest is $29.02 million. Getty Realty posted sales of $29.72 million in the same quarter last year, which suggests a negative year-over-year growth rate of 5.8%. The business is expected to announce its next earnings report on Wednesday, March 7th.
On average, analysts expect that Getty Realty will report full year sales of $27.99 million for the current year, with estimates ranging from $101.34 million to $112.91 million. For the next fiscal year, analysts forecast that the company will post sales of $115.01 million per share, with estimates ranging from $113.92 million to $116.09 million. Zacks Investment Research’s sales calculations 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 data on Wednesday, October 25th. The real estate investment trust reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.21). Getty Realty had a return on equity of 9.62% and a net margin of 36.66%. The company had revenue of $29.50 million for the quarter, compared to analysts’ expectations of $27.35 million. During the same quarter in the previous year, the business posted $0.47 EPS. The business’s quarterly revenue was up 3.5% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently modified their holdings of GTY. JPMorgan Chase & Co. grew its stake in shares of Getty Realty by 89.7% in the third quarter. JPMorgan Chase & Co. now owns 608,510 shares of the real estate investment trust’s stock valued at $17,525,000 after buying an additional 287,813 shares in the last quarter. Boston Partners acquired a new stake in shares of Getty Realty in the third quarter valued at $7,282,000. Renaissance Technologies LLC grew its stake in shares of Getty Realty by 14.9% in the second quarter. Renaissance Technologies LLC now owns 1,136,312 shares of the real estate investment trust’s stock valued at $28,521,000 after buying an additional 147,600 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Getty Realty in the third quarter valued at $3,199,000. Finally, Asset Management One Co. Ltd. grew its stake in shares of Getty Realty by 85.3% in the third quarter. Asset Management One Co. Ltd. now owns 182,289 shares of the real estate investment trust’s stock valued at $5,249,000 after buying an additional 83,897 shares in the last quarter. 61.16% of the stock is owned by institutional investors and hedge funds.
Getty Realty (NYSE:GTY) traded up $0.36 during mid-day trading on Monday, reaching $26.82. The company’s stock had a trading volume of 125,000 shares, compared to its average volume of 202,871. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market capitalization of $1,060.00, a PE ratio of 23.12, a price-to-earnings-growth ratio of 5.81 and a beta of 0.54. Getty Realty has a one year low of $22.91 and a one year high of $29.89.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Thursday, December 21st will be paid a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, December 20th. This is a boost from Getty Realty’s previous quarterly dividend of $0.28. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.77%. Getty Realty’s payout ratio is presently 110.34%.
WARNING: This piece was originally posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://www.com-unik.info/2017/12/25/27-99-million-in-sales-expected-for-getty-realty-corp-gty-this-quarter.html.
Getty Realty Company Profile
Getty Realty Corp. is a real estate investment trust (REIT). The Company specializes in the ownership, leasing and financing of convenience store and gasoline station properties. As of June 30, 2017, the Company’s 825 properties were located in 26 states across the United States and Washington, District of Columbia.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about Getty Realty? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Getty Realty and related companies.