Getty Realty Corp. (GTY) was Initiated by JMP Securities to “Mkt Perform”. JMP Securities advised their investors in a research report released on Jun 17, 2016.
On the company’s financial health, Getty Realty Corp. reported $0.39 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.41. The company had revenue of $28.40 million for the quarter, compared to analysts expectations of $29.00 million. The company’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.
Getty Realty Corp. (GTY) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $21.11 and reached the intraday high at $21.23. The bulls started the profit booking and pushed the shares to intraday low of $21.02. The trading session was marked by a volume range of 46,766 shares exchanging hands. The 52-week high of the shares is $21.51 and the 52-week low is $15.16. The market cap of the company stands at $710 M and there are 3,37,10,956 shares in public circulation.
Investors should note that on May 20, 2016, Getty Realty Corp. announced a cash dividend of $0.2500. The company’s management has announced Jun 21, 2016 as the ex-dividend date and fixed the record date on Jun 23, 2016. The payable date has been fixed on Jul 7, 2016.
In a different news, on Mar 16, 2015, Milton Cooper (director) purchased 30,000 shares at $17.88 per share price.
Getty Realty Corp. is a real estate investment trust (REIT) in the United States. The Company specializes in the ownership leasing and financing of retail motor fuel and convenience store properties located in 19 states across the United States and Washington D.C. with concentrations in the Northeast and the Mid-Atlantic regions. The Company’s properties are operated under a variety of brands including Getty BP Exxon Mobil Shell Chevron Valero and Aloha. The Company owns the Getty trademark and trade name in connection with its real estate and the petroleum marketing business in the United States. All of the Company’s properties are leased on a triple-net basis primarily to petroleum distributors and to individual operators. The Company’s tenants supply fuel and either operate its properties directly or sublet its properties to operators who operate their gas stations convenience stores automotive repair service facilities or other businesses at its properties.