Getty Realty Corp. (GTY) Releases Earnings Results, Beats Expectations By $0.07 EPS

Getty Realty Corp. (GTY) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.42 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.35. Analysts expectations of $25.70 million. During the same quarter in the previous year, the company posted $0.55 EPS.

Many Wall Street Analysts have commented on Getty Realty Corp.. Getty Realty Corp. was Initiated by JMP Securities to “Mkt Perform” on Jun 17, 2016.

Getty Realty Corp. closed down -0.49 points or -2.15% at $22.31 with 1,36,587 shares getting traded on Tusday. Post opening the session at $22.77, the shares hit an intraday low of $22.28 and an intraday high of $22.77 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

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.

Getty Realty Corp.

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