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

Getty Realty Corp. (NYSE:GTY) has earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $32.50.

Several research firms have recently commented on GTY. Robert W. Baird reduced their price target on shares of Getty Realty from $33.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. KeyCorp reduced their price target on shares of Getty Realty from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 7th. Finally, UBS Group reduced their price target on shares of Getty Realty from $32.00 to $29.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th.

Institutional Trading of Getty Realty

Several institutional investors have recently added to or reduced their stakes in the stock. Dean Capital Management increased its holdings in Getty Realty by 38.2% in the 1st quarter. Dean Capital Management now owns 54,458 shares of the real estate investment trust’s stock valued at $1,698,000 after purchasing an additional 15,066 shares during the last quarter. Caxton Associates LLP acquired a new stake in Getty Realty in the 1st quarter valued at approximately $332,000. Advisors Asset Management Inc. acquired a new stake in Getty Realty in the 1st quarter valued at approximately $31,000. Amundi increased its holdings in Getty Realty by 12.7% in the 1st quarter. Amundi now owns 30,647 shares of the real estate investment trust’s stock valued at $930,000 after purchasing an additional 3,463 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in Getty Realty in the 1st quarter valued at approximately $2,543,000. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Trading Up 1.8%

GTY opened at $29.02 on Monday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 2.28. The company’s 50 day simple moving average is $29.08 and its two-hundred day simple moving average is $30.44. Getty Realty has a 1-year low of $25.70 and a 1-year high of $33.85. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 23.03 and a beta of 0.83.

Getty Realty (NYSE:GTY) last released its earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.59. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. The business had revenue of $52.33 million for the quarter, compared to analyst estimates of $52.71 million. Analysts expect that Getty Realty will post 2.29 EPS for the current fiscal year.

Getty Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 26th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.88 annualized dividend and a yield of 6.48%. Getty Realty’s dividend payout ratio (DPR) is presently 155.37%.

Getty Realty Company Profile