Wall Street analysts expect Getty Realty Corp. (NYSE:GTY) to post sales of $27.99 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Getty Realty’s earnings, with estimates ranging from $26.96 million to $29.02 million. Getty Realty reported 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 issue its next quarterly earnings results 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 forecast that the business will post sales of $115.01 million per share, with estimates ranging from $113.92 million to $116.09 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Getty Realty.

Getty Realty (NYSE:GTY) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.21). Getty Realty had a net margin of 36.66% and a return on equity of 9.62%. The firm had revenue of $29.50 million during the quarter, compared to analysts’ expectations of $27.35 million. During the same quarter last year, the business earned $0.47 earnings per share. The business’s quarterly revenue was up 3.5% on a year-over-year basis.

GTY has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Getty Realty from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Tuesday, October 17th. KeyCorp initiated coverage on shares of Getty Realty in a research report on Tuesday, December 12th. They issued a “sector weight” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Getty Realty presently has a consensus rating of “Buy” and a consensus target price of $28.75.

Getty Realty (NYSE GTY) opened at $26.05 on Wednesday. Getty Realty has a 1 year low of $22.91 and a 1 year high of $29.89. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market cap of $1,040.00, a price-to-earnings ratio of 22.46, a P/E/G ratio of 6.03 and a beta of 0.54.

The business also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Thursday, December 21st were given a dividend of $0.32 per share. This is a positive change from Getty Realty’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a dividend yield of 4.91%. The ex-dividend date was Wednesday, December 20th. Getty Realty’s payout ratio is presently 110.34%.

Several hedge funds and other institutional investors have recently modified their holdings of GTY. JPMorgan Chase & Co. boosted its position in shares of Getty Realty by 89.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 608,510 shares of the real estate investment trust’s stock worth $17,525,000 after purchasing an additional 287,813 shares in the last quarter. Boston Partners purchased a new stake in shares of Getty Realty during the 3rd quarter worth $7,282,000. Renaissance Technologies LLC boosted its position in shares of Getty Realty by 14.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,136,312 shares of the real estate investment trust’s stock worth $28,521,000 after purchasing an additional 147,600 shares in the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of Getty Realty during the 3rd quarter worth $3,199,000. Finally, Asset Management One Co. Ltd. boosted its position in shares of Getty Realty by 85.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 182,289 shares of the real estate investment trust’s stock worth $5,249,000 after purchasing an additional 83,897 shares in the last quarter. Institutional investors own 61.16% of the company’s stock.

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About Getty Realty

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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