Equities analysts forecast that Getty Realty Corp. (NYSE:GTY) will post $32.01 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Getty Realty’s earnings, with estimates ranging from $30.46 million to $33.56 million. Getty Realty reported sales of $29.57 million in the same quarter last year, which indicates a positive year-over-year growth rate of 8.3%. The firm is expected to issue its next quarterly earnings report on Wednesday, October 23rd.

According to Zacks, analysts expect that Getty Realty will report full year sales of $127.42 million for the current year, with estimates ranging from $120.86 million to $133.97 million. For the next fiscal year, analysts expect that the company will post sales of $132.33 million, with estimates ranging from $130.41 million to $134.24 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Getty Realty.

Getty Realty (NYSE:GTY) last issued its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.14). Getty Realty had a return on equity of 8.38% and a net margin of 34.95%. The business had revenue of $33.56 million for the quarter, compared to analyst estimates of $29.72 million.

Several equities research analysts have recently weighed in on GTY shares. Zacks Investment Research raised Getty Realty from a “sell” rating to a “hold” rating in a research report on Thursday, July 25th. ValuEngine raised Getty Realty from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Deutsche Bank AG increased its position in Getty Realty by 0.3% during the fourth quarter. Deutsche Bank AG now owns 118,490 shares of the real estate investment trust’s stock worth $3,482,000 after buying an additional 377 shares during the period. Mason Street Advisors LLC grew its stake in shares of Getty Realty by 4.3% in the 1st quarter. Mason Street Advisors LLC now owns 10,894 shares of the real estate investment trust’s stock valued at $349,000 after purchasing an additional 446 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Getty Realty by 0.9% in the second quarter. Arizona State Retirement System now owns 52,781 shares of the real estate investment trust’s stock valued at $1,624,000 after buying an additional 455 shares in the last quarter. 6 Meridian boosted its stake in shares of Getty Realty by 2.3% in the second quarter. 6 Meridian now owns 22,388 shares of the real estate investment trust’s stock valued at $689,000 after buying an additional 494 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. boosted its stake in shares of Getty Realty by 6.8% in the first quarter. Piedmont Investment Advisors Inc. now owns 8,532 shares of the real estate investment trust’s stock valued at $273,000 after buying an additional 543 shares in the last quarter. 64.42% of the stock is currently owned by institutional investors.

Shares of NYSE GTY traded down $0.37 during midday trading on Wednesday, hitting $29.66. 55,342 shares of the company’s stock were exchanged, compared to its average volume of 116,732. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.87 and a current ratio of 1.87. Getty Realty has a twelve month low of $26.50 and a twelve month high of $35.03. The company has a market cap of $1.24 billion, a P/E ratio of 17.35, a PEG ratio of 5.76 and a beta of 0.55. The firm has a fifty day simple moving average of $30.32.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 4.72%. The ex-dividend date is Wednesday, September 18th. Getty Realty’s dividend payout ratio (DPR) is 81.87%.

About Getty Realty

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