Worth Watching: Getty Realty Corp. Gap Down Today Means Higher Risks Forward

Worth Watching: Getty Realty Corp. Gap Down Today Means Higher Risks Forward

The stock of Getty Realty Corp. (NYSE:GTY) gapped down by $0.04 today and has $21.60 target or 9.00% below today’s $23.74 share price. The 8 months technical chart setup indicates high risk for the $800.90 million company. The gap down was reported on Oct, 4 by Barchart.com. If the $21.60 price target is reached, the company will be worth $72.08M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock decreased 0.79% or $0.19 on October 3, hitting $23.74. Getty Realty Corp. (NYSE:GTY) has risen 29.02% since March 1, 2016 and is uptrending. It has outperformed by 16.81% the S&P500.

Analysts await Getty Realty Corp. (NYSE:GTY) to report earnings on November, 2.

Getty Realty Corp. (NYSE:GTY) Ratings Coverage

Out of 2 analysts covering Getty Realty Corp. (NYSE:GTY), 0 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 0 are positive. Getty Realty Corp. has been the topic of 4 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The stock of Getty Realty Corp. (NYSE:GTY) has “Sell” rating given on Monday, September 7 by Zacks. The firm has “Hold” rating given on Monday, August 31 by Zacks. JMP Securities initiated the stock with “Market Perform” rating in Friday, June 17 report. The rating was downgraded by Zacks on Monday, August 24 to “Hold”.

According to Zacks Investment Research, “Getty Realty Corp. is a real estate investment trust engaged in the ownership, leasing and financing of retail motor fuel and convenience store properties and petroleum distribution terminals in the United States. The company’s properties are leased or sublet to distributors and retailers engaged in the sale of gasoline and various motor fuel products, convenience store products, and automotive repair services. Getty’s properties are operated under a variety of brands including Getty, BP, Exxon, Mobil, Shell, Chevron, Valero, Fina and Aloha. It is also a marketer of heating oil in Pennsylvania and Maryland. Getty Realty Corp. is headquartered in Jericho, New York.”

Insitutional Activity: The institutional sentiment decreased to 1.79 in 2016 Q2. Its down 0.95, from 2.74 in 2016Q1. The ratio dived, as 6 funds sold all Getty Realty Corp. shares owned while 33 reduced positions. 17 funds bought stakes while 53 increased positions. They now own 17.89 million shares or 2.60% more from 17.44 million shares in 2016Q1.
Rhumbline Advisers accumulated 0% or 38,888 shares. State Of Tennessee Treasury Department has 0% invested in the company for 20,905 shares. Credit Suisse Ag last reported 100,453 shares in the company. Acadian Asset Mngmt has invested 0% of its portfolio in Getty Realty Corp. (NYSE:GTY). Aqr Management Lc, a Connecticut-based fund reported 9,862 shares. Ingalls & Snyder Ltd Liability Corporation holds 1.61% of its portfolio in Getty Realty Corp. (NYSE:GTY) for 1.27 million shares. Tfs Ltd accumulated 15,584 shares or 0.06% of the stock. Nomura Asset Mgmt Limited owns 16,269 shares or 0.01% of their US portfolio. Diam Com reported 77,971 shares or 0.02% of all its holdings. Qs Invsts Ltd Llc holds 0% of its portfolio in Getty Realty Corp. (NYSE:GTY) for 5,873 shares. Dimensional Fund Advsr Limited Partnership holds 368,483 shares or 0% of its portfolio. Blackrock holds 0% or 31,119 shares in its portfolio. Citadel Lc last reported 21,490 shares in the company. Kcg, a New Jersey-based fund reported 10,891 shares. Macquarie Grp Limited owns 71,542 shares or 0% of their US portfolio.

More notable recent Getty Realty Corp. (NYSE:GTY) news were published by: Businesswire.com which released: “Getty Realty Corp. Announces Second Quarter 2016 Results” on August 04, 2016, also Businesswire.com with their article: “Getty Realty Corp. Announces Management Transition” published on November 04, 2015, Businesswire.com published: “Getty Realty Corp. Announces At-The-Market Equity Offering Program” on June 06, 2016. More interesting news about Getty Realty Corp. (NYSE:GTY) were released by: Businesswire.com and their article: “Getty Realty Acquires 77 Properties for $214 Million” published on June 04, 2015 as well as Businesswire.com‘s news article titled: “Getty Realty Corp. Declares Special Dividend” with publication date: November 30, 2015.

GTY Company Profile

Getty Realty Corp., incorporated on December 23, 1997, is a real estate investment trust (REIT). The Firm is engaged in the ownership, leasing and financing of convenience store and gasoline station properties. It owns and leases approximately 850 properties that are located in over 20 states across the United States and Washington, District of Columbia. The Company’s properties are operated under various brands, including 76, Aloha, BP, Citgo, Conoco, Exxon, Getty, Mobil, Shell and Valero. The Firm owns the Getty trademark and trade name in connection with its real estate and the petroleum marketing business in the United States.

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