Getty Realty Corp. (NYSE:GTY) Receives $32.50 Consensus PT from Analysts

Getty Realty Corp. (NYSE:GTY - Get Free Report) has been given an average rating of "Moderate Buy" by the six analysts that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $32.50.

A number of brokerages have weighed in on GTY. KeyCorp dropped their price target on shares of Getty Realty from $35.00 to $33.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. UBS Group lowered their price objective on shares of Getty Realty from $32.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Finally, Robert W. Baird lowered their price objective on shares of Getty Realty from $33.00 to $32.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th.

Getty Realty Trading Up 0.6%

Shares of GTY traded up $0.18 during trading on Monday, reaching $28.54. 279,797 shares of the company traded hands, compared to its average volume of 329,221. Getty Realty has a twelve month low of $25.70 and a twelve month high of $33.85. The stock has a market cap of $1.58 billion, a PE ratio of 22.65 and a beta of 0.83. The stock has a 50-day simple moving average of $28.89 and a 200-day simple moving average of $30.35. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.94.

Getty Realty (NYSE:GTY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, meeting 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 during the quarter, compared to analysts' expectations of $52.71 million. On average, analysts anticipate that Getty Realty will post 2.29 earnings per share for the current year.

Getty Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 26th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.88 dividend on an annualized basis and a yield of 6.59%. Getty Realty's dividend payout ratio is currently 155.37%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GTY. GF Fund Management CO. LTD. purchased a new position in Getty Realty in the fourth quarter worth approximately $28,000. Advisors Asset Management Inc. purchased a new position in Getty Realty in the first quarter worth approximately $31,000. US Bancorp DE lifted its position in shares of Getty Realty by 52.4% during the 1st quarter. US Bancorp DE now owns 1,093 shares of the real estate investment trust's stock worth $34,000 after buying an additional 376 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Getty Realty by 923.7% during the 4th quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust's stock worth $40,000 after buying an additional 1,210 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Getty Realty by 715.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust's stock worth $41,000 after buying an additional 1,216 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

About Getty Realty