Getty Realty Corp. (GTY) Reaches New 12-Month High at $21.85
Getty Realty Corp. (NYSE:GTY)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $21.85 and last traded at $21.84, with a volume of 45,949 shares traded. The stock had previously closed at $21.84.
Separately, JMP Securities assumed coverage on shares of Getty Realty Corp. in a research report on Friday, June 17th. They set a “market perform” rating on the stock.
The company has a market cap of $741.62 million and a price-to-earnings ratio of 16.09. The company has a 50-day moving average of $20.82 and a 200 day moving average of $19.20.
Getty Realty Corp. (NYSE:GTY) last posted its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.02. During the same quarter last year, the firm posted $0.33 EPS. The firm had revenue of $28.40 million for the quarter, compared to the consensus estimate of $29 million. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. Equities analysts forecast that Getty Realty Corp. will post $1.54 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 7th. Stockholders of record on Thursday, June 23rd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, June 21st. This represents a $1.00 annualized dividend and a dividend yield of 4.55%.
Several hedge funds and institutional investors recently bought and sold shares of GTY. Matarin Capital Management LLC bought a new position in Getty Realty Corp. during the fourth quarter valued at about $1,602,000. Century Capital Management LLC increased 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 during the last quarter. Principal Financial Group Inc. increased its position in Getty Realty Corp. by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 171,587 shares of the real estate investment trust’s stock valued at $2,943,000 after buying an additional 7,553 shares during the last quarter. California Public Employees Retirement System increased 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 during the last quarter. Finally, LSV Asset Management increased its position in Getty Realty Corp. by 1.0% in the fourth quarter. LSV Asset Management now owns 554,864 shares of the real estate investment trust’s stock valued at $9,515,000 after buying an additional 5,500 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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