Getty Realty Corp. (GTY) Hits New 52-Week High at $22.83
Getty Realty Corp. (NYSE:GTY)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $22.83 and last traded at $22.70, with a volume of 130,026 shares changing hands. The stock had previously closed at $22.34.
Separately, JMP Securities began coverage on shares of Getty Realty Corp. in a research note on Friday, June 17th. They set a “market perform” rating for the company.
The firm has a market cap of $765.89 million and a PE ratio of 16.62. The stock’s 50 day moving average is $21.69 and its 200 day moving average is $19.73.
Getty Realty Corp. (NYSE:GTY) last issued its quarterly earnings results on Wednesday, May 4th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by $0.02. The firm had revenue of $28.40 million for the quarter, compared to the consensus estimate of $29 million. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.33 earnings per share. On average, equities research analysts forecast that Getty Realty Corp. will post $1.54 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 7th. Stockholders of record on Thursday, June 23rd were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, June 21st. This represents a $1.00 annualized dividend and a dividend yield of 4.40%.
Several institutional investors have modified their holdings of GTY. Russell Frank Co boosted its position in shares of 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 in the last quarter. California Public Employees Retirement System boosted its position 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 in the last quarter. Century Capital Management LLC boosted its position 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 in the last quarter. Matarin Capital Management LLC purchased a new position in Getty Realty Corp. during the fourth quarter valued at $1,602,000. Finally, Dimensional Fund Advisors LP boosted its position 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 in 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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