Getty Realty Corporation (NYSE:GTY) Receives $32.20 Average PT from Analysts

Shares of Getty Realty Corporation (NYSE:GTY) have been given a consensus rating of “Hold” by the six research firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $32.20.

A number of equities research analysts have issued reports on GTY shares. Royal Bank Of Canada lifted their target price on shares of Getty Realty from $30.00 to $33.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 17th. UBS Group lifted their target price on shares of Getty Realty from $29.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, March 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Getty Realty in a research note on Thursday, January 22nd.

Institutional Trading of Getty Realty

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC raised its stake in shares of Getty Realty by 17.8% in the 4th quarter. Hsbc Holdings PLC now owns 92,297 shares of the real estate investment trust’s stock valued at $2,525,000 after acquiring an additional 13,956 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of Getty Realty by 1.0% in the fourth quarter. Corient Private Wealth LLC now owns 97,703 shares of the real estate investment trust’s stock valued at $2,672,000 after purchasing an additional 989 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Getty Realty in the fourth quarter worth $429,000. VARCOV Co. bought a new stake in shares of Getty Realty during the 4th quarter worth $733,000. Finally, Voloridge Investment Management LLC grew its stake in Getty Realty by 16.1% in the 4th quarter. Voloridge Investment Management LLC now owns 191,577 shares of the real estate investment trust’s stock valued at $5,243,000 after buying an additional 26,564 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Stock Down 3.2%

NYSE GTY opened at $32.17 on Friday. Getty Realty has a 12 month low of $25.39 and a 12 month high of $34.14. The company’s 50 day simple moving average is $31.55 and its 200 day simple moving average is $29.05. The company has a market capitalization of $1.92 billion, a P/E ratio of 24.01, a PEG ratio of 2.38 and a beta of 0.82. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.20 and a quick ratio of 2.20.

Getty Realty (NYSE:GTY) last announced its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.63 EPS for the quarter, topping the consensus estimate of $0.62 by $0.01. Getty Realty had a net margin of 35.72% and a return on equity of 7.86%. The company had revenue of $60.55 million during the quarter, compared to analysts’ expectations of $55.94 million. The firm’s revenue was up 14.2% on a year-over-year basis. Equities research analysts expect that Getty Realty will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 26th will be issued a $0.485 dividend. The ex-dividend date is Thursday, March 26th. This represents a $1.94 dividend on an annualized basis and a yield of 6.0%. Getty Realty’s dividend payout ratio is currently 144.78%.

Getty Realty Company Profile

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company’s portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.