Getty Realty (NYSE:GTY) Coverage Initiated by Analysts at UBS Group

UBS Group initiated coverage on shares of Getty Realty (NYSE:GTY) in a research report released on Friday morning, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $32.00 target price on the real estate investment trust’s stock.

Several other brokerages have also issued reports on GTY. JMP Securities reaffirmed a “market outperform” rating and set a $34.00 target price on shares of Getty Realty in a research report on Friday, January 10th. KeyCorp upgraded shares of Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price objective for the company in a report on Tuesday, December 17th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.60.

Getty Realty Stock Performance

Shares of GTY stock opened at $30.64 on Friday. Getty Realty has a one year low of $25.70 and a one year high of $33.85. The company has a market cap of $1.69 billion, a P/E ratio of 24.32 and a beta of 0.91. The firm has a 50-day moving average of $30.80 and a 200-day moving average of $31.28. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 2.28.

Getty Realty (NYSE:GTY) last posted its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 EPS for the quarter, topping the consensus estimate of $0.31 by $0.29. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. Equities research analysts forecast that Getty Realty will post 2.29 EPS for the current fiscal year.

Getty Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 6.13%. The ex-dividend date of this dividend is Thursday, March 27th. Getty Realty’s dividend payout ratio (DPR) is currently 149.21%.

Institutional Investors Weigh In On Getty Realty

Several institutional investors have recently added to or reduced their stakes in the business. GF Fund Management CO. LTD. bought a new stake in shares of Getty Realty in the fourth quarter valued at approximately $28,000. Fifth Third Bancorp grew its stake in Getty Realty by 923.7% in the 4th quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 1,210 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Getty Realty by 715.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 1,216 shares during the period. GAMMA Investing LLC lifted its position in shares of Getty Realty by 66.2% during the fourth quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 592 shares in the last quarter. Finally, Loomis Sayles & Co. L P purchased a new position in shares of Getty Realty in the fourth quarter valued at $45,000. 85.11% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Company Profile