Getty Realty (GTY) to Release Quarterly Earnings on Thursday

Getty Realty (NYSE:GTY) is scheduled to be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.56 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Getty Realty (NYSE:GTY) last posted its earnings results on Wednesday, February 14th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.27). Getty Realty had a net margin of 32.37% and a return on equity of 6.72%. The business had revenue of $45.62 million for the quarter, compared to analysts’ expectations of $47.19 million. On average, analysts expect Getty Realty to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Getty Realty Price Performance

GTY opened at $26.12 on Thursday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.73 and a current ratio of 3.73. Getty Realty has a 52-week low of $25.90 and a 52-week high of $35.56. The stock has a market capitalization of $1.41 billion, a PE ratio of 22.72 and a beta of 0.89. The stock’s 50 day moving average price is $26.92 and its 200-day moving average price is $27.83.

Getty Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.80 annualized dividend and a dividend yield of 6.89%. Getty Realty’s dividend payout ratio (DPR) is presently 156.52%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. StockNews.com cut Getty Realty from a “hold” rating to a “sell” rating in a research note on Saturday, April 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $33.00 price target on shares of Getty Realty in a research note on Monday, March 25th.

Institutional Investors Weigh In On Getty Realty

Hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc bought a new stake in Getty Realty in the second quarter worth $26,000. Natixis bought a new position in shares of Getty Realty during the fourth quarter valued at $42,000. Vestcor Inc bought a new position in shares of Getty Realty during the second quarter valued at $57,000. FMR LLC lifted its holdings in shares of Getty Realty by 68.3% during the first quarter. FMR LLC now owns 1,703 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 691 shares in the last quarter. Finally, Advisory Services Network LLC lifted its holdings in shares of Getty Realty by 80.7% during the first quarter. Advisory Services Network LLC now owns 1,809 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 808 shares in the last quarter. 85.11% of the stock is owned by institutional investors.

About Getty Realty