Getty Realty Corp. (GTY) Reaches New 52-Week High at $24.24
Getty Realty Corp. (NYSE:GTY)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $24.24 and last traded at $24.13, with a volume of 45,942 shares traded. The stock had previously closed at $23.98.
Separately, JMP Securities initiated coverage on shares of Getty Realty Corp. in a research note on Friday, June 17th. They issued a “market perform” rating for the company.
The stock has a market capitalization of $812.02 million and a PE ratio of 16.94. The company has a 50-day moving average price of $22.80 and a 200 day moving average price of $20.56.
Getty Realty Corp. (NYSE:GTY) last issued its earnings results on Thursday, August 4th. The real estate investment trust reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.07. During the same quarter in the previous year, the company posted $0.55 earnings per share. Analysts expect that Getty Realty Corp. will post $1.53 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 6th. Stockholders of record on Thursday, September 22nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend is Tuesday, September 20th.
An institutional investor recently bought a new position in Getty Realty Corp. stock. Matarin Capital Management LLC bought a new position in shares of Getty Realty Corp. (NYSE:GTY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 93,425 shares of the real estate investment trust’s stock, valued at approximately $1,602,000. Matarin Capital Management LLC owned about 0.28% of Getty Realty Corp. at the end of the most recent reporting period.
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.