Getty Realty (NYSE:GTY) Rating Increased to Hold at StockNews.com

Getty Realty (NYSE:GTY) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Monday.

Separately, JMP Securities restated a “market outperform” rating and set a $33.00 price objective on shares of Getty Realty in a research report on Monday, March 25th.

Getty Realty Price Performance

NYSE:GTY opened at $27.42 on Monday. The company has a current ratio of 3.73, a quick ratio of 3.73 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $1.48 billion, a P/E ratio of 23.84 and a beta of 0.89. Getty Realty has a 12 month low of $25.90 and a 12 month high of $35.56. The business’s 50-day moving average is $26.89 and its 200 day moving average is $27.82.

Getty Realty (NYSE:GTY) last posted its earnings results 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). The firm had revenue of $45.62 million during the quarter, compared to analysts’ expectations of $47.19 million. Getty Realty had a return on equity of 6.72% and a net margin of 32.37%. On average, equities research analysts forecast that Getty Realty will post 2.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Getty Realty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GraniteShares Advisors LLC raised its position in Getty Realty by 14.6% during the first quarter. GraniteShares Advisors LLC now owns 57,747 shares of the real estate investment trust’s stock valued at $1,579,000 after purchasing an additional 7,350 shares during the period. State of Alaska Department of Revenue grew its stake in shares of Getty Realty by 1.0% during the first quarter. State of Alaska Department of Revenue now owns 52,485 shares of the real estate investment trust’s stock valued at $1,434,000 after buying an additional 533 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Getty Realty by 0.8% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 55,470 shares of the real estate investment trust’s stock valued at $1,517,000 after buying an additional 455 shares during the last quarter. Cullinan Associates Inc. bought a new position in shares of Getty Realty during the first quarter valued at approximately $949,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Getty Realty by 23.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 7,121 shares of the real estate investment trust’s stock valued at $195,000 after buying an additional 1,362 shares during the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Getty Realty Company Profile