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

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

The stock’s 50-day moving average price is $26.40 and its 200-day moving average price is $25.66. The firm has a market cap of $1.12 billion, a PE ratio of 23.47 and a beta of 0.54.

Getty Realty Corporation (NYSE:GTY) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating the 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 for the quarter, compared to analysts’ expectations of $25.20 million. During the same quarter last year, the firm posted $0.42 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. On average, equities analysts forecast that Getty Realty Corporation will post $1.26 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, September 21st will be issued a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $1.12 annualized dividend and a dividend yield of 3.95%. Getty Realty Corporation’s payout ratio is currently 92.56%.

Large investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue raised its holdings in shares of Getty Realty Corporation by 78.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,330 shares of the real estate investment trust’s stock valued at $133,000 after acquiring an additional 2,350 shares in the last quarter. Mason Street Advisors LLC raised its holdings in shares of Getty Realty Corporation by 9.0% in the 1st quarter. Mason Street Advisors LLC now owns 6,306 shares of the real estate investment trust’s stock valued at $159,000 after acquiring an additional 521 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of Getty Realty Corporation by 6.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,368 shares of the real estate investment trust’s stock valued at $160,000 after acquiring an additional 370 shares in the last quarter. Credit Agricole S A raised its holdings in shares of Getty Realty Corporation by 59.0% in the 1st quarter. Credit Agricole S A now owns 7,428 shares of the real estate investment trust’s stock valued at $188,000 after acquiring an additional 2,756 shares in the last quarter. Finally, D.A. Davidson & CO. raised its holdings in shares of Getty Realty Corporation by 2.4% in the 2nd quarter. D.A. Davidson & CO. now owns 7,755 shares of the real estate investment trust’s stock valued at $194,000 after acquiring an additional 180 shares in the last quarter. 52.09% of the stock is currently owned by hedge funds and other institutional investors.

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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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