Getty Realty Corp. (GTY) Sets New 1-Year High at $23.77
Shares of Getty Realty Corp. (NYSE:GTY) hit a new 52-week high on Friday . The stock traded as high as $23.77 and last traded at $23.57, with a volume of 84,139 shares trading hands. The stock had previously closed at $23.31.
Separately, JMP Securities initiated coverage on Getty Realty Corp. in a report on Friday, June 17th. They issued a “market perform” rating for the company.
The stock has a market capitalization of $797.51 million and a price-to-earnings ratio of 16.64. The firm’s 50 day moving average is $22.27 and its 200 day moving average is $20.18.
Getty Realty Corp. (NYSE:GTY) last announced its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.07. During the same period in the prior year, the company posted $0.55 earnings per share. Equities research analysts forecast that Getty Realty Corp. will post $1.53 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 6th. Investors of record on Thursday, September 22nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, September 20th. This represents a $1.00 annualized dividend and a dividend yield of 4.23%.
An institutional investor recently raised its position in Getty Realty Corp. stock. Dimensional Fund Advisors LP increased 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. The fund 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 1.06% of Getty Realty Corp. worth $6,054,000 as of its most recent filing with the SEC.
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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