Getty Realty Corp. (GTY) Reaches New 1-Year High at $22.83
Getty Realty Corp. (NYSE:GTY) reached a new 52-week high on Friday . The company traded as high as $22.83 and last traded at $22.70, with a volume of 130,026 shares trading hands. The stock had previously closed at $22.34.
Separately, JMP Securities assumed coverage on Getty Realty Corp. in a report on Friday, June 17th. They set a “market perform” rating on the stock.
The firm’s 50 day moving average price is $21.73 and its 200-day moving average price is $19.77. The firm has a market cap of $765.89 million and a P/E ratio of 16.62.
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 for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.02. During the same period last year, the company posted $0.33 earnings per share. The business had revenue of $28.40 million for the quarter, compared to analysts’ expectations of $29 million. Getty Realty Corp.’s revenue 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 year.
The company also recently announced a quarterly dividend, which was paid on Thursday, July 7th. Shareholders of record on Thursday, June 23rd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date was Tuesday, June 21st.
Several hedge funds and institutional investors recently bought and sold shares of GTY. 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. Dimensional Fund Advisors LP increased 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 during the last quarter. Russell Frank Co increased 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 during the last quarter. 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. Finally, Matarin Capital Management LLC bought a new position in Getty Realty Corp. during the fourth quarter valued at about $1,602,000.
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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