Somewhat Positive Media Coverage Somewhat Unlikely to Affect Getty Realty Corporation (GTY) Share Price

Media stories about Getty Realty Corporation (NYSE:GTY) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Getty Realty Corporation earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.4108702866121 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

GTY has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Getty Realty Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th. ValuEngine raised shares of Getty Realty Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Canaccord Genuity initiated coverage on shares of Getty Realty Corporation in a research report on Tuesday, July 18th. They set a “buy” rating and a $32.00 price target on the stock. Finally, BidaskClub raised shares of Getty Realty Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $27.00.

Getty Realty Corporation (GTY) traded down 0.34% during trading on Friday, hitting $26.66. 525,173 shares of the stock were exchanged. Getty Realty Corporation has a 52 week low of $21.71 and a 52 week high of $26.89. The stock has a 50 day moving average of $25.22 and a 200-day moving average of $25.52. The stock has a market cap of $1.05 billion, a P/E ratio of 22.05 and a beta of 0.54.

Getty Realty Corporation (NYSE:GTY) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. Getty Realty Corporation had a net margin of 36.50% and a return on equity of 10.28%. The business had revenue of $24.83 million for the quarter, compared to analyst estimates of $25.20 million. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Getty Realty Corporation’s quarterly revenue was up 2.8% on a year-over-year basis. Equities analysts expect that Getty Realty Corporation will post $1.26 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, September 21st will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 4.20%. The ex-dividend date is Wednesday, September 20th. Getty Realty Corporation’s payout ratio is currently 92.56%.

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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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