Getty Realty Corp. (NYSE:GTY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Getty Realty Corp. (NYSE:GTY) has earned an average rating of “Moderate Buy” from the five ratings firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $33.60.

GTY has been the topic of several analyst reports. UBS Group assumed coverage on shares of Getty Realty in a research note on Friday, March 28th. They issued a “neutral” rating and a $32.00 target price on the stock. JMP Securities restated a “market outperform” rating and issued a $34.00 price objective on shares of Getty Realty in a report on Friday, January 10th. Finally, KeyCorp upgraded Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 target price on the stock in a research note on Tuesday, December 17th.

Getty Realty Stock Down 0.9 %

GTY stock opened at $30.90 on Friday. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.94. The business has a 50 day moving average of $30.81 and a 200 day moving average of $31.26. Getty Realty has a twelve month low of $25.70 and a twelve month high of $33.85. The firm has a market cap of $1.70 billion, a PE ratio of 24.53 and a beta of 0.91.

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

Getty Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be paid a $0.47 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.08%. Getty Realty’s dividend payout ratio is presently 149.21%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GF Fund Management CO. LTD. purchased a new stake in Getty Realty during the 4th quarter valued at $28,000. Public Employees Retirement System of Ohio grew its holdings in shares of Getty Realty by 0.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 72,117 shares of the real estate investment trust’s stock worth $2,173,000 after acquiring an additional 519 shares during the period. PharVision Advisers LLC purchased a new stake in Getty Realty during the fourth quarter valued at $358,000. Two Sigma Advisers LP increased its position in Getty Realty by 56.2% during the fourth quarter. Two Sigma Advisers LP now owns 360,000 shares of the real estate investment trust’s stock valued at $10,847,000 after acquiring an additional 129,500 shares during the last quarter. Finally, Two Sigma Investments LP lifted its holdings in Getty Realty by 10.3% in the fourth quarter. Two Sigma Investments LP now owns 264,288 shares of the real estate investment trust’s stock valued at $7,963,000 after acquiring an additional 24,756 shares during the period. Institutional investors own 85.11% of the company’s stock.

Getty Realty Company Profile