Getty Realty Corporation (NYSE:GTY) hit a new 52-week high on Wednesday . The company traded as high as $28.01 and last traded at $27.91, with a volume of 112,706 shares changing hands. The stock had previously closed at $27.67.

A number of equities research analysts recently weighed in on the stock. Bank of America Corporation assumed coverage on shares of Getty Realty Corporation in a report on Wednesday. They set a “buy” rating and a $30.00 price objective for the company. BidaskClub upgraded shares of Getty Realty Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Canaccord Genuity assumed coverage on shares of Getty Realty Corporation in a report on Tuesday, July 18th. They set a “buy” rating and a $32.00 price objective for the company. Zacks Investment Research upgraded shares of Getty Realty Corporation from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Monday, May 22nd. Finally, ValuEngine lowered shares of Getty Realty Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Getty Realty Corporation has a consensus rating of “Buy” and a consensus price target of $27.75.

The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 23.13 and a beta of 0.54. The company’s 50 day moving average is $26.15 and its 200-day moving average is $25.62.

Getty Realty Corporation (NYSE:GTY) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.01. Getty Realty Corporation had a net margin of 36.50% and a return on equity of 10.28%. The business had revenue of $24.83 million during the quarter, compared to analyst estimates of $25.20 million. During the same quarter last year, the firm posted $0.42 earnings per share. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities research analysts expect that Getty Realty Corporation will post $1.26 earnings per share for the current year.

The firm also recently disclosed 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 4.05%. The ex-dividend date is Wednesday, September 20th. Getty Realty Corporation’s payout ratio is 92.56%.

Several hedge funds and other institutional investors have recently bought and sold shares of GTY. UBS Asset Management Americas Inc. boosted its stake in shares of Getty Realty Corporation by 10.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 41,001 shares of the real estate investment trust’s stock valued at $1,045,000 after purchasing an additional 4,039 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Getty Realty Corporation by 2.8% in the first quarter. Louisiana State Employees Retirement System now owns 10,963 shares of the real estate investment trust’s stock valued at $277,000 after purchasing an additional 300 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Getty Realty Corporation by 21.5% in the first quarter. Russell Investments Group Ltd. now owns 48,581 shares of the real estate investment trust’s stock valued at $1,228,000 after purchasing an additional 8,597 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Getty Realty Corporation by 16.4% in the first quarter. Wells Fargo & Company MN now owns 27,653 shares of the real estate investment trust’s stock valued at $698,000 after purchasing an additional 3,890 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Getty Realty Corporation by 3.0% in the first quarter. Great West Life Assurance Co. Can now owns 55,057 shares of the real estate investment trust’s stock valued at $1,390,000 after purchasing an additional 1,594 shares during the period. 52.09% of the stock is owned by institutional investors and hedge funds.

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About Getty Realty Corporation

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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