Getty Realty (NYSE:GTY) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of Getty Realty (NYSE:GTY) from a sell rating to a hold rating in a report issued on Monday.

Separately, JMP Securities reiterated a market outperform rating and issued a $33.00 price objective on shares of Getty Realty in a report on Monday, March 25th.

Getty Realty Price Performance

Shares of NYSE GTY opened at $27.37 on Monday. The stock’s 50-day moving average is $26.90 and its two-hundred day moving average is $27.82. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.73 and a quick ratio of 3.73. Getty Realty has a 1-year low of $25.90 and a 1-year high of $35.56. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 23.80 and a beta of 0.89.

Getty Realty (NYSE:GTY) last issued its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $47.19 million. Analysts forecast that Getty Realty will post 2.31 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a $0.45 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.58%. Getty Realty’s dividend payout ratio (DPR) is presently 156.52%.

Institutional Trading of Getty Realty

A number of large investors have recently made changes to their positions in GTY. Lighthouse Investment Partners LLC acquired a new stake in shares of Getty Realty in the 4th quarter valued at about $8,328,000. Norges Bank acquired a new stake in shares of Getty Realty in the 4th quarter valued at approximately $8,143,000. Vanguard Group Inc. lifted its holdings in shares of Getty Realty by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 7,516,139 shares of the real estate investment trust’s stock valued at $219,622,000 after buying an additional 220,049 shares during the period. Natixis Advisors L.P. lifted its holdings in shares of Getty Realty by 42.5% in the 4th quarter. Natixis Advisors L.P. now owns 507,337 shares of the real estate investment trust’s stock valued at $14,824,000 after buying an additional 151,256 shares during the period. Finally, Boston Partners lifted its holdings in shares of Getty Realty by 120.7% in the 3rd quarter. Boston Partners now owns 175,092 shares of the real estate investment trust’s stock valued at $4,855,000 after buying an additional 95,760 shares during the period. 85.11% of the stock is owned by institutional investors and hedge funds.

About Getty Realty