Press coverage about Getty Realty Corporation (NYSE:GTY) has trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Getty Realty Corporation earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 45.7871635541222 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Getty Realty Corporation (GTY) traded up 0.88% during mid-day trading on Friday, reaching $26.29. The company’s stock had a trading volume of 195,990 shares. The stock has a market capitalization of $1.04 billion, a P/E ratio of 21.03 and a beta of 0.54. Getty Realty Corporation has a 12-month low of $21.71 and a 12-month high of $26.71. The company’s 50-day moving average price is $24.88 and its 200-day moving average price is $25.49.
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. The business had revenue of $24.83 million during the quarter, compared to analysts’ expectations of $25.20 million. Getty Realty Corporation had a return on equity of 10.28% and a net margin of 36.50%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 EPS. On average, equities research analysts forecast that Getty Realty Corporation will post $1.26 earnings per share for the current fiscal year.
The company 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 dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 4.26%. The ex-dividend date is Wednesday, September 20th. Getty Realty Corporation’s dividend payout ratio is presently 92.56%.
Several research analysts have recently commented on the company. BidaskClub raised Getty Realty Corporation from a “hold” rating to a “buy” rating in a report on Wednesday. Canaccord Genuity assumed coverage on 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 raised 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 Thursday, June 1st. Finally, ValuEngine lowered Getty Realty Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $27.00.
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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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