Getty Realty Corp. (GTY) Expected to Announce Quarterly Sales of $27.74 Million

Equities analysts expect that Getty Realty Corp. (NYSE:GTY) will report sales of $27.74 million for the current quarter, according to Zacks. Two analysts have provided estimates for Getty Realty’s earnings. The highest sales estimate is $29.02 million and the lowest is $26.46 million. Getty Realty reported sales of $29.72 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 6.7%. The business is scheduled to report its next quarterly earnings results after the market closes on Wednesday, March 7th.

According to Zacks, analysts expect that Getty Realty will report full year sales of $27.74 million for the current fiscal year, with estimates ranging from $100.46 million to $112.91 million. For the next financial year, analysts anticipate that the business will report sales of $113.94 million per share, with estimates ranging from $113.92 million to $113.96 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Getty Realty.

Several brokerages have recently commented on GTY. Zacks Investment Research upgraded shares of Getty Realty from a “sell” rating to a “hold” rating in a report on Tuesday, November 28th. ValuEngine lowered shares of Getty Realty from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Finally, KeyCorp began coverage on shares of Getty Realty in a 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, two have given a hold rating and three have given a buy rating to the company’s stock. Getty Realty currently has a consensus rating of “Hold” and a consensus price target of $28.75.

Several hedge funds have recently modified their holdings of GTY. Macquarie Group Ltd. increased its stake in Getty Realty by 12.4% during the 2nd quarter. Macquarie Group Ltd. now owns 72,442 shares of the real estate investment trust’s stock worth $1,818,000 after buying an additional 8,007 shares during the period. Parametric Portfolio Associates LLC increased its stake in Getty Realty by 4.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 190,105 shares of the real estate investment trust’s stock worth $4,772,000 after buying an additional 8,406 shares during the period. Legal & General Group Plc increased its stake in Getty Realty by 27.0% during the 3rd quarter. Legal & General Group Plc now owns 139,307 shares of the real estate investment trust’s stock worth $3,987,000 after buying an additional 29,620 shares during the period. GSA Capital Partners LLP purchased a new stake in Getty Realty during the 3rd quarter worth approximately $791,000. Finally, Swiss National Bank increased its stake in Getty Realty by 21.7% during the 3rd quarter. Swiss National Bank now owns 56,109 shares of the real estate investment trust’s stock worth $1,605,000 after buying an additional 10,000 shares during the period. Hedge funds and other institutional investors own 62.79% of the company’s stock.

Getty Realty (GTY) opened at $23.77 on Tuesday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.58. Getty Realty has a fifty-two week low of $22.68 and a fifty-two week high of $29.89. The company has a market cap of $930.83, a P/E ratio of 19.97, a PEG ratio of 5.36 and a beta of 0.46.

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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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