Wall Street brokerages expect Getty Realty Corp. (NYSE:GTY) to announce $27.99 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Getty Realty’s earnings, with estimates ranging from $26.96 million to $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 company is expected to issue its next quarterly earnings report on Wednesday, March 7th.

According to Zacks, analysts expect that Getty Realty will report full-year sales of $27.99 million for the current financial year, with estimates ranging from $101.34 million to $112.91 million. For the next year, analysts expect that the company will report sales of $115.01 million per share, with estimates ranging from $113.92 million to $116.09 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Getty Realty.

Getty Realty (NYSE:GTY) last issued its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $27.35 million. During the same period in the prior year, the business earned $0.47 earnings per share. Getty Realty’s quarterly revenue was up 3.5% on a year-over-year basis.

GTY has been the topic of a number of research analyst reports. KeyCorp initiated coverage on Getty Realty in a report on Tuesday, December 12th. They set a “sector weight” rating on the stock. Zacks Investment Research lowered Getty Realty from a “hold” rating to a “sell” rating in a report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $28.75.

Institutional investors and hedge funds have recently modified their holdings of the company. D.A. Davidson & CO. boosted its stake in Getty Realty by 2.4% during the second quarter. D.A. Davidson & CO. now owns 7,755 shares of the real estate investment trust’s stock valued at $194,000 after buying an additional 180 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Getty Realty by 4.0% during the second quarter. The Manufacturers Life Insurance Company now owns 20,874 shares of the real estate investment trust’s stock valued at $524,000 after buying an additional 810 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in Getty Realty by 6.9% during the second quarter. Thrivent Financial For Lutherans now owns 16,261 shares of the real estate investment trust’s stock valued at $408,000 after buying an additional 1,050 shares in the last quarter. Voya Investment Management LLC boosted its stake in Getty Realty by 7.0% during the second quarter. Voya Investment Management LLC now owns 19,003 shares of the real estate investment trust’s stock valued at $477,000 after buying an additional 1,251 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in shares of Getty Realty by 4.0% in the 2nd quarter. Schroder Investment Management Group now owns 36,700 shares of the real estate investment trust’s stock valued at $921,000 after purchasing an additional 1,400 shares during the period. 61.16% of the stock is currently owned by institutional investors.

Getty Realty (NYSE GTY) opened at $26.05 on Wednesday. The company has a market capitalization of $1,040.00, a price-to-earnings ratio of 22.46, a PEG ratio of 6.03 and a beta of 0.54. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.58. Getty Realty has a fifty-two week low of $22.91 and a fifty-two week high of $29.89.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Thursday, December 21st were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.91%. This is a positive change from Getty Realty’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, December 20th. Getty Realty’s dividend payout ratio (DPR) is 110.34%.

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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.

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