Getty Realty Corporation (NYSE:GTY) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Getty Realty has a consensus analyst rating of Hold from six brokerages (four holds, two buys) with an average 12‑month price target of $32.20; UBS and RBC recently raised targets to $33.00.
• The company announced a quarterly dividend of $0.485 (annualized $1.94) for a yield of about 5.8%, although the dividend payout ratio is high at 144.78%.
• Recent results showed a modest beat—EPS of $0.63 vs. $0.62 expected and revenue of $60.55M (up 14.2% YoY); GTY trades near $33 with a market cap of ~$1.98B and a PE of 24.75.

Getty Realty Corporation (NYSE:GTY - Get Free Report) has been assigned a consensus recommendation of "Hold" from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $32.20.

GTY has been the subject of a number of recent analyst reports. UBS Group upped their price target on Getty Realty from $29.00 to $33.00 and gave the company a "neutral" rating in a research note on Monday, March 9th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Getty Realty in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada upped their price target on Getty Realty from $30.00 to $33.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 17th.

Institutional Trading of Getty Realty

A number of large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its stake in Getty Realty by 26.4% during the 4th quarter. Farther Finance Advisors LLC now owns 1,724 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 360 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Getty Realty by 3.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,160 shares of the real estate investment trust's stock worth $333,000 after purchasing an additional 400 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Getty Realty by 36.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,572 shares of the real estate investment trust's stock worth $43,000 after purchasing an additional 418 shares in the last quarter. Teacher Retirement System of Texas increased its stake in Getty Realty by 1.2% during the 3rd quarter. Teacher Retirement System of Texas now owns 37,714 shares of the real estate investment trust's stock worth $1,012,000 after purchasing an additional 450 shares in the last quarter. Finally, Chatham Capital Group Inc. increased its stake in Getty Realty by 0.8% during the 4th quarter. Chatham Capital Group Inc. now owns 60,052 shares of the real estate investment trust's stock worth $1,644,000 after purchasing an additional 465 shares in the last quarter. 85.11% of the stock is owned by institutional investors.

Getty Realty Stock Performance

Shares of GTY stock opened at $33.17 on Thursday. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.20 and a quick ratio of 2.20. The stock has a market cap of $1.98 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 2.41 and a beta of 0.81. The stock has a 50-day moving average of $32.28 and a 200-day moving average of $29.42. Getty Realty has a one year low of $25.39 and a one year high of $34.14.

Getty Realty (NYSE:GTY - Get Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.01. The company had revenue of $60.55 million during the quarter, compared to analysts' expectations of $55.94 million. Getty Realty had a return on equity of 7.86% and a net margin of 35.72%.The firm's revenue for the quarter was up 14.2% on a year-over-year basis. As a group, sell-side analysts expect that Getty Realty will post 2.29 earnings per share for the current year.

Getty Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 26th will be paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend is Thursday, March 26th. Getty Realty's dividend payout ratio is presently 144.78%.

Getty Realty Company Profile

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company's portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.

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