Getty Realty Corp. (NYSE:GTY) – Research analysts at KeyCorp decreased their Q2 2021 earnings per share estimates for shares of Getty Realty in a report issued on Wednesday, May 12th. KeyCorp analyst T. Thomas now forecasts that the real estate investment trust will post earnings per share of $0.47 for the quarter, down from their previous forecast of $0.48. KeyCorp also issued estimates for Getty Realty’s Q4 2021 earnings at $0.48 EPS, FY2021 earnings at $1.89 EPS, Q1 2022 earnings at $0.48 EPS and Q1 2022 earnings at $0.48 EPS.
Separately, Zacks Investment Research cut Getty Realty from a “hold” rating to a “sell” rating in a research report on Thursday, March 4th.
Getty Realty (NYSE:GTY) last released its quarterly earnings data on Wednesday, April 28th. The real estate investment trust reported $0.40 EPS for the quarter, beating the consensus estimate of $0.29 by $0.11. Getty Realty had a return on equity of 8.16% and a net margin of 33.71%. The company had revenue of $36.95 million for the quarter, compared to analysts’ expectations of $37.10 million.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 8th. Shareholders of record on Thursday, June 24th will be given a $0.39 dividend. The ex-dividend date is Wednesday, June 23rd. This represents a $1.56 annualized dividend and a yield of 5.14%. Getty Realty’s payout ratio is 90.70%.
A number of large investors have recently made changes to their positions in GTY. Lazard Asset Management LLC purchased a new position in Getty Realty in the fourth quarter worth about $25,000. Gradient Investments LLC bought a new position in shares of Getty Realty in the first quarter worth about $36,000. NEXT Financial Group Inc raised its stake in shares of Getty Realty by 69.9% in the fourth quarter. NEXT Financial Group Inc now owns 1,407 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 579 shares during the period. Van ECK Associates Corp raised its stake in shares of Getty Realty by 36.0% in the fourth quarter. Van ECK Associates Corp now owns 1,402 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 371 shares during the period. Finally, Logan Capital Management Inc. bought a new position in shares of Getty Realty in the first quarter worth about $76,000. 65.09% of the stock is currently owned by institutional investors and hedge funds.
About Getty Realty
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