Getty Realty’s (GTY) Market Outperform Rating Reaffirmed at JMP Securities

JMP Securities reiterated their market outperform rating on shares of Getty Realty (NYSE:GTY) in a research note issued to investors on Monday morning, Benzinga reports. JMP Securities currently has a $33.00 price target on the real estate investment trust’s stock.

Separately, StockNews.com cut Getty Realty from a hold rating to a sell rating in a research note on Sunday, March 3rd.

Getty Realty Stock Up 2.0 %

Shares of Getty Realty stock opened at $27.36 on Monday. The company has a quick ratio of 3.73, a current ratio of 3.73 and a debt-to-equity ratio of 0.79. Getty Realty has a 12 month low of $25.90 and a 12 month high of $36.11. The business has a fifty day simple moving average of $27.15 and a 200 day simple moving average of $28.06. The stock has a market cap of $1.48 billion, a PE ratio of 23.79 and a beta of 0.89.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). Getty Realty had a return on equity of 6.72% and a net margin of 32.37%. The company had revenue of $45.62 million for the quarter, compared to analyst estimates of $47.19 million. Research analysts predict that Getty Realty will post 2.3 EPS for the current year.

Getty Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.80 annualized dividend and a yield of 6.58%. Getty Realty’s dividend payout ratio is presently 156.52%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Getty Realty by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 7,516,139 shares of the real estate investment trust’s stock worth $219,622,000 after acquiring an additional 220,049 shares in the last quarter. Congress Asset Management Co. MA lifted its holdings in Getty Realty by 0.4% during the fourth quarter. Congress Asset Management Co. MA now owns 148,137 shares of the real estate investment trust’s stock worth $4,329,000 after acquiring an additional 534 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Getty Realty by 56.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 282,792 shares of the real estate investment trust’s stock worth $8,263,000 after acquiring an additional 102,212 shares in the last quarter. American International Group Inc. lifted its holdings in Getty Realty by 5.4% during the fourth quarter. American International Group Inc. now owns 25,993 shares of the real estate investment trust’s stock worth $760,000 after acquiring an additional 1,331 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in Getty Realty by 15.5% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 55,044 shares of the real estate investment trust’s stock worth $1,609,000 after acquiring an additional 7,377 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors.

Getty Realty Company Profile