Getty Realty Corporation (NYSE:GTY) Given Average Rating of "Moderate Buy" by Brokerages

Getty Realty Corporation (NYSE:GTY - Get Free Report) has received an average recommendation of "Moderate Buy" from the six analysts that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $32.50.

Several research firms have recently issued reports on GTY. Robert W. Baird cut their price target on Getty Realty from $33.00 to $32.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. KeyCorp dropped their price objective on Getty Realty from $35.00 to $33.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. Finally, UBS Group dropped their price objective on Getty Realty from $32.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th.

Institutional Trading of Getty Realty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Getty Realty by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 7,901,516 shares of the real estate investment trust's stock valued at $246,369,000 after buying an additional 37,695 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Getty Realty by 1.1% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,770,092 shares of the real estate investment trust's stock worth $117,551,000 after purchasing an additional 40,120 shares during the period. Geode Capital Management LLC grew its holdings in shares of Getty Realty by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,297,268 shares of the real estate investment trust's stock worth $39,095,000 after purchasing an additional 17,618 shares during the period. Cbre Investment Management Listed Real Assets LLC grew its holdings in shares of Getty Realty by 33.8% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 911,168 shares of the real estate investment trust's stock worth $28,410,000 after purchasing an additional 229,937 shares during the period. Finally, Brown Advisory Inc. grew its holdings in shares of Getty Realty by 0.7% during the 1st quarter. Brown Advisory Inc. now owns 778,816 shares of the real estate investment trust's stock worth $24,283,000 after purchasing an additional 5,281 shares during the period. Hedge funds and other institutional investors own 85.11% of the company's stock.

Getty Realty Trading Down 1.3%

NYSE:GTY opened at $27.58 on Tuesday. The company has a market capitalization of $1.53 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 2.66 and a beta of 0.82. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.94. Getty Realty has a 52-week low of $26.48 and a 52-week high of $33.85. The stock has a fifty day simple moving average of $28.56 and a 200-day simple moving average of $29.58.

Getty Realty (NYSE:GTY - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.59. The business had revenue of $52.33 million during the quarter, compared to the consensus estimate of $52.71 million. Getty Realty had a return on equity of 7.21% and a net margin of 33.44%. On average, 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 declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 26th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 6.82%. The ex-dividend date of this dividend is Thursday, June 26th. Getty Realty's dividend payout ratio (DPR) is 155.37%.

About Getty Realty

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