Getty Realty Corp. (GTY) Hits New 52-Week High at $22.43
Getty Realty Corp. (NYSE:GTY) shares hit a new 52-week high on Friday . The stock traded as high as $22.43 and last traded at $22.30, with a volume of 35,916 shares traded. The stock had previously closed at $22.32.
Separately, JMP Securities started coverage on shares of Getty Realty Corp. in a research note on Friday, June 17th. They set a “market perform” rating for the company.
The firm has a 50-day moving average of $21.46 and a 200 day moving average of $19.55. The company has a market capitalization of $754.77 million and a P/E ratio of 16.38.
Getty Realty Corp. (NYSE:GTY) last released its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $0.39 EPS for the quarter, missing the consensus estimate of $0.41 by $0.02. The company had revenue of $28.40 million for the quarter, compared to analyst estimates of $29 million. During the same quarter in the previous year, the company earned $0.33 EPS. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. On average, equities research analysts forecast that Getty Realty Corp. will post $1.54 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 7th. Investors of record on Thursday, June 23rd were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, June 21st. This represents a $1.00 annualized dividend and a dividend yield of 4.48%.
Several large investors have added to or reduced their stakes in GTY. Matarin Capital Management LLC acquired a new stake in Getty Realty Corp. during the fourth quarter valued at approximately $1,602,000. California Public Employees Retirement System raised its stake 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 stake 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 stake 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 stake 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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