Getty Realty Corporation (GTY) Getting Somewhat Favorable News Coverage, Study Shows
News coverage about Getty Realty Corporation (NYSE:GTY) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Getty Realty Corporation earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.2009971612391 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several brokerages have issued reports on GTY. BidaskClub raised Getty Realty Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Canaccord Genuity began coverage on Getty Realty Corporation in a research note on Tuesday, July 18th. They issued a “buy” rating and a $32.00 price target on the stock. Zacks Investment Research raised Getty Realty Corporation from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Monday, May 22nd. Finally, ValuEngine lowered Getty Realty Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Getty Realty Corporation presently has an average rating of “Buy” and a consensus target price of $27.00.
Shares of Getty Realty Corporation (NYSE GTY) traded down 0.53% during trading on Monday, hitting $26.15. The stock had a trading volume of 33,901 shares. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 21.63 and a beta of 0.54. The firm has a 50 day moving average price of $24.88 and a 200-day moving average price of $25.49. Getty Realty Corporation has a 52 week low of $21.71 and a 52 week high of $26.71.
Getty Realty Corporation (NYSE:GTY) last posted its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. Getty Realty Corporation had a return on equity of 10.28% and a net margin of 36.50%. The firm had revenue of $24.83 million during the quarter, compared to analysts’ expectations of $25.20 million. During the same quarter in the previous year, the business earned $0.42 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. On average, equities research analysts forecast that Getty Realty Corporation will post $1.26 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Thursday, September 21st will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Wednesday, September 20th. Getty Realty Corporation’s dividend payout ratio is currently 92.56%.
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Getty Realty Corporation Company Profile
Getty Realty Corp. is a real estate investment trust (REIT). The Company specializes in the ownership, leasing and financing of convenience store and gasoline station properties. As of June 30, 2017, the Company’s 825 properties were located in 26 states across the United States and Washington, District of Columbia.
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