Getty Stock Hits New 52-Week Low (GTY)

NEW YORK ( TheStreet) -- Getty Realty Corporation (NYSE: GTY) hit a new 52-week low Thursday as it is currently trading at $15.50, below its previous 52-week low of $15.53 with 58,481 shares traded as of 11:53 a.m. ET. Average volume has been 297,000 shares over the past 30 days.

Getty has a market cap of $569.7 million and is part of the financial sector and real estate industry. Shares are down 49.3% year to date as of the close of trading on Wednesday.

Owns and leases retail motor fuel and convenience store properties and petroleum distribution terminals. As of Dec. 31, 2005, the company owned 814 properties and leased 241 additional properties in 13 states located principally in the Northeast. The company has a P/E ratio of 10.3, equal to the average real estate industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Getty as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity. You can view the full Getty Ratings Report.

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