Getty Realty Corporation (GTY) Receiving Somewhat Positive Media Coverage, Analysis Finds
Press coverage about Getty Realty Corporation (NYSE:GTY) has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group identifies positive and negative 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 closest to one being the most favorable. Getty Realty Corporation earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 46.344777771406 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Getty Realty Corporation (NYSE:GTY) traded up 0.79% during midday trading on Wednesday, hitting $29.44. The stock had a trading volume of 122,475 shares. The stock has a 50 day moving average price of $28.25 and a 200-day moving average price of $26.19. Getty Realty Corporation has a 52 week low of $21.71 and a 52 week high of $29.53. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 24.35 and a beta of 0.55.
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 (EPS) 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 business had revenue of $24.83 million for the quarter, compared to analyst estimates of $25.20 million. During the same period last year, the company earned $0.42 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. Equities research analysts anticipate that Getty Realty Corporation will post $1.30 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Thursday, September 21st were issued a dividend of $0.28 per share. The ex-dividend date was Wednesday, September 20th. This represents a $1.12 annualized dividend and a yield of 3.80%. Getty Realty Corporation’s dividend payout ratio is presently 92.56%.
Several analysts have recently weighed in on the company. Zacks Investment Research lowered Getty Realty Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 27th. Bank of America Corporation assumed coverage on Getty Realty Corporation in a report on Wednesday, September 6th. They issued a “buy” rating and a $30.00 price objective for the company. ValuEngine upgraded Getty Realty Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub upgraded Getty Realty Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, Canaccord Genuity assumed coverage on Getty Realty Corporation in a report on Tuesday, July 18th. They issued a “buy” rating and a $32.00 price objective for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $27.33.
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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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