Getty Realty Corp. (GTY) Sees Unusually-High Trading Volume
Shares of Getty Realty Corp. (NYSE:GTY) saw unusually-strong trading volume on Wednesday . Approximately 276,396 shares changed hands during mid-day trading, an increase of 77% from the previous session’s volume of 156,155 shares.The stock last traded at $23.90 and had previously closed at $23.48.
Separately, JMP Securities started coverage on shares of Getty Realty Corp. in a report on Friday, June 17th. They issued a “market perform” rating for the company.
The company has a 50-day moving average price of $22.50 and a 200 day moving average price of $20.34. The stock has a market capitalization of $806.62 million and a price-to-earnings ratio of 16.83.
Getty Realty Corp. (NYSE:GTY) last released its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.42 EPS for the quarter, topping the consensus estimate of $0.35 by $0.07. During the same period last year, the business posted $0.55 EPS. Analysts predict that Getty Realty Corp. will post $1.53 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 6th. Shareholders of record on Thursday, September 22nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.18%. The ex-dividend date is Tuesday, September 20th.
A hedge fund recently bought a new stake in Getty Realty Corp. stock. Matarin Capital Management LLC purchased a new stake in Getty Realty Corp. (NYSE:GTY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 93,425 shares of the real estate investment trust’s stock, valued at approximately $1,602,000. Matarin Capital Management LLC owned 0.28% of Getty Realty Corp. 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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