Getty Realty Corp. (GTY) Reaches New 1-Year High at $22.43
Getty Realty Corp. (NYSE:GTY) hit a new 52-week high on Friday . The stock traded as high as $22.43 and last traded at $22.30, with a volume of 35,916 shares. The stock had previously closed at $22.32.
Separately, JMP Securities started coverage on Getty Realty Corp. in a report on Friday, June 17th. They issued a “market perform” rating on the stock.
The firm has a 50 day moving average of $21.52 and a 200 day moving average of $19.58. The firm has a market cap of $752.07 million and a PE ratio of 16.32.
Getty Realty Corp. (NYSE:GTY) last posted its earnings results on Wednesday, May 4th. The real estate investment trust reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.02. The firm earned $28.40 million during the quarter, compared to analysts’ expectations of $29 million. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 EPS. Analysts anticipate that Getty Realty Corp. will post $1.54 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 7th. Stockholders of record on Thursday, June 23rd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date was Tuesday, June 21st.
A number of large investors have recently bought and sold shares of GTY. Russell Frank Co boosted its stake in Getty Realty Corp. by 11.8% in the fourth quarter. Russell Frank Co now owns 131,244 shares of the real estate investment trust’s stock valued at $2,286,000 after buying an additional 13,812 shares during the last quarter. California Public Employees Retirement System boosted its stake in Getty Realty Corp. by 1.3% in the fourth quarter. California Public Employees Retirement System now owns 129,300 shares of the real estate investment trust’s stock valued at $2,217,000 after buying an additional 1,600 shares during the last quarter. Century Capital Management LLC boosted its stake in Getty Realty Corp. by 24.1% in the fourth quarter. Century Capital Management LLC now owns 244,315 shares of the real estate investment trust’s stock valued at $4,190,000 after buying an additional 47,498 shares during the last quarter. Matarin Capital Management LLC purchased a new stake in Getty Realty Corp. during the fourth quarter valued at about $1,602,000. Finally, Dimensional Fund Advisors LP boosted its stake in Getty Realty Corp. by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 352,984 shares of the real estate investment trust’s stock valued at $6,054,000 after buying an additional 9,178 shares during the last quarter.
Getty Realty Corp. is a real estate investment trust. The Company is engaged in the ownership, leasing and financing of convenience store and gasoline station properties. It owns and leases approximately 850 properties that are located in over 20 states across the United States and Washington, District of Columbia.
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