Getty Realty Corp. (GTY) Reaches New 12-Month High at $22.36
Getty Realty Corp. (NYSE:GTY) reached a new 52-week high during trading on Tuesday . The company traded as high as $22.36 and last traded at $22.33, with a volume of 74,778 shares traded. The stock had previously closed at $22.25.
Separately, JMP Securities began coverage on Getty Realty Corp. in a research report on Friday, June 17th. They set a “market perform” rating on the stock.
The stock has a market capitalization of $754.77 million and a price-to-earnings ratio of 16.38. The stock has a 50-day moving average price of $21.15 and a 200-day moving average price of $19.37.
Getty Realty Corp. (NYSE:GTY) last released its earnings results 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. The firm earned $28.40 million during the quarter, compared to the consensus estimate of $29 million. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 earnings per share. Analysts anticipate that Getty Realty Corp. will post $1.54 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 7th. Stockholders of record on Thursday, June 23rd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend was Tuesday, June 21st.
Several institutional investors have added to or reduced their stakes in GTY. Matarin Capital Management LLC acquired a new position in Getty Realty Corp. during the fourth quarter valued at about $1,602,000. California Public Employees Retirement System raised 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. Russell Frank Co raised its position in 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. Century Capital Management LLC raised 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. Finally, Dimensional Fund Advisors LP raised 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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