Getty Realty Corp. (NYSE:GTY) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Getty Realty Corp. (NYSE:GTY - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $32.50.

Several equities research analysts have issued reports on GTY shares. UBS Group lowered their price target on shares of Getty Realty from $32.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Robert W. Baird decreased their price objective on Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, KeyCorp lowered their price objective on Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th.

Hedge Funds Weigh In On Getty Realty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GTY. Strs Ohio acquired a new stake in shares of Getty Realty during the first quarter worth approximately $290,000. Jane Street Group LLC grew its position in Getty Realty by 105.8% during the 1st quarter. Jane Street Group LLC now owns 113,313 shares of the real estate investment trust's stock worth $3,533,000 after acquiring an additional 58,255 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Getty Realty by 8.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 306,733 shares of the real estate investment trust's stock valued at $9,564,000 after purchasing an additional 23,370 shares in the last quarter. Dean Capital Management increased its holdings in Getty Realty by 38.2% during 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 in the last quarter. Finally, Caxton Associates LLP bought a new position in Getty Realty in the 1st quarter valued at $332,000. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Getty Realty Stock Performance

NYSE:GTY traded down $0.45 during trading hours on Friday, hitting $28.91. 271,482 shares of the company traded hands, compared to its average volume of 330,297. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.94. Getty Realty has a twelve month low of $25.70 and a twelve month high of $33.85. The firm has a 50-day moving average of $28.51 and a 200 day moving average of $30.07. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 22.94 and a beta of 0.84.

Getty Realty (NYSE:GTY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.59. The firm had revenue of $52.33 million for the quarter, compared to analyst estimates of $52.71 million. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. On average, analysts forecast that Getty Realty will post 2.29 EPS for the current year.

Getty Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 26th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date of this dividend is Thursday, June 26th. Getty Realty's dividend payout ratio (DPR) is currently 155.37%.

Getty Realty Company Profile