Getty Realty Corp. Stock Rating Reaffirmed by JPMorgan Chase & Co. (GTY)
Getty Realty Corp. (NYSE:GTY)‘s stock had its “underweight” rating restated by equities researchers at JPMorgan Chase & Co. in a research report issued on Wednesday. They currently have a $16.00 price target on the stock, up from their previous price target of $14.00. JPMorgan Chase & Co.’s price target points to a potential downside of 18.07% from the company’s current price.
A number of other firms have also recently commented on GTY. Analysts at TheStreet upgraded shares of Getty Realty Corp. from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Analysts at Zacks downgraded shares of Getty Realty Corp. from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 6th. They now have a $17.80 price target on the stock.
Getty Realty Corp. (NYSE:GTY) traded down 0.61% on Wednesday, hitting $19.41. 16,197 shares of the company’s stock traded hands. Getty Realty Corp. has a 52 week low of $17.73 and a 52 week high of $22.09. The stock has a 50-day moving average of $19.30 and a 200-day moving average of $18.84. The company has a market cap of $648.2 million and a price-to-earnings ratio of 9.50.
Getty Realty Corp. (NYSE:GTY) last released its earnings data on Wednesday, May 7th. The company reported $0.27 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.27. The company had revenue of $24.30 million for the quarter, compared to the consensus estimate of $26.08 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. On average, analysts predict that Getty Realty Corp. will post $1.15 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 10th. Investors of record on Thursday, June 26th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.10%. The ex-dividend date is Tuesday, June 24th.
Getty Realty Corp. is a real estate investment trust (NYSE:GTY) in the United States specializing in the ownership, leasing and financing of retail motor fuel and convenience store properties and petroleum distribution terminals.
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