Getty Realty Corp. (GTY) Reaches New 1-Year High at $23.77
Getty Realty Corp. (NYSE:GTY) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $23.77 and last traded at $23.57, with a volume of 84,139 shares changing hands. The stock had previously closed at $23.31.
Separately, JMP Securities began coverage on Getty Realty Corp. in a report on Friday, June 17th. They issued a “market perform” rating on the stock.
The company has a market cap of $796.50 million and a price-to-earnings ratio of 16.62. The stock’s 50-day moving average price is $22.20 and its 200 day moving average price is $20.14.
Getty Realty Corp. (NYSE:GTY) last issued its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.07. During the same period in the previous year, the business earned $0.55 earnings per share. Analysts anticipate that Getty Realty Corp. will post $1.71 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 6th. Investors of record on Thursday, September 22nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, September 20th. This represents a $1.00 annualized dividend and a yield of 4.29%.
An institutional investor recently raised its position in Getty Realty Corp. stock. Dimensional Fund Advisors LP raised its stake in Getty Realty Corp. (NYSE:GTY) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 352,984 shares of the real estate investment trust’s stock after buying an additional 9,178 shares during the period. Dimensional Fund Advisors LP owned approximately 1.06% of Getty Realty Corp. worth $6,054,000 as of its most recent SEC filing.
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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