How Analysts Feel About Getty Realty Corp. (GTY) After Forming Bullish Wedge Up?

June 14, 2018 - By Marry Poplack

Investors sentiment decreased to 1.05 in 2018 Q1. Its down 0.47, from 1.52 in 2017Q4. It is negative, as 18 investors sold Getty Realty Corp. shares while 44 reduced holdings. 17 funds opened positions while 48 raised stakes. 24.57 million shares or 1.31% less from 24.90 million shares in 2017Q4 were reported.
Nomura Asset Mgmt Co Limited holds 0.01% or 19,460 shares in its portfolio. Yorktown Mgmt And Research holds 12,000 shares or 0.09% of its portfolio. Teachers Annuity Association Of America reported 42,630 shares. Qs Limited Liability Corporation, New York-based fund reported 5,100 shares. Deutsche Bancshares Ag owns 89,464 shares. Louisiana State Employees Retirement Systems stated it has 14,600 shares or 0.02% of all its holdings. Mason Street Advisors Limited Co has invested 0.01% in Getty Realty Corp. (NYSE:GTY). Public Sector Pension Investment Board holds 0% or 20,574 shares. Martingale Asset Mgmt Lp holds 78,158 shares or 0.03% of its portfolio. Moreover, Texas Permanent School Fund has 0.01% invested in Getty Realty Corp. (NYSE:GTY) for 21,820 shares. State Of Alaska Department Of Revenue holds 0.01% or 10,610 shares. Panagora Asset Management accumulated 67,189 shares. State Board Of Administration Of Florida Retirement Systems invested in 0% or 21,938 shares. Pnc Fincl Incorporated invested in 3,765 shares or 0% of the stock. Aqr Capital Mgmt Ltd Liability Co stated it has 261,376 shares.

The stock of Getty Realty Corp. (GTY) formed an up wedge with $28.08 target or 6.00 % above today’s $26.49 share price. The 8 months wedge indicates low risk for the $1.05B company. If the $28.08 price target is reached, the company will be worth $63.24M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.68% or $0.18 during the last trading session, reaching $26.49. About 62,739 shares traded. Getty Realty Corp. (NYSE:GTY) has risen 1.02% since June 14, 2017 and is uptrending. It has underperformed by 11.55% the S&P500.

Analysts await Getty Realty Corp. (NYSE:GTY) to report earnings on July, 25. They expect $0.45 EPS, down 15.09 % or $0.08 from last year’s $0.53 per share. GTY’s profit will be $17.90M for 14.72 P/E if the $0.45 EPS becomes a reality. After $0.42 actual EPS reported by Getty Realty Corp. for the previous quarter, Wall Street now forecasts 7.14 % EPS growth.

Another recent and important Getty Realty Corp. (NYSE:GTY) news was published by Seekingalpha.com which published an article titled: “Who’s Ready To Fill Up With Getty?” on May 24, 2018.

Getty Realty Corp. is the leading publicly-traded real estate investment trust in the United States specializing in the ownership, leasing and financing of convenience store and gasoline station properties. The company has market cap of $1.05 billion.

Getty Realty Corp. (NYSE:GTY) Institutional Positions Chart

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