Shares of Getty Realty Corporation (NYSE:GTY - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $32.3333.
GTY has been the subject of several recent analyst reports. Robert W. Baird decreased their price objective on shares of Getty Realty from $33.00 to $32.00 and set a "neutral" rating for the company in a 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. UBS Group reduced their price target on shares of Getty Realty from $29.00 to $28.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 16th. Finally, Wall Street Zen downgraded shares of Getty Realty from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th.
Read Our Latest Report on GTY
Institutional Investors Weigh In On Getty Realty
Several institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in Getty Realty during the 4th quarter worth about $886,000. American Century Companies Inc. grew its holdings in Getty Realty by 3.4% during the 4th quarter. American Century Companies Inc. now owns 16,237 shares of the real estate investment trust's stock worth $489,000 after acquiring an additional 533 shares during the last quarter. LPL Financial LLC grew its holdings in Getty Realty by 20.8% during the 4th quarter. LPL Financial LLC now owns 68,003 shares of the real estate investment trust's stock worth $2,049,000 after acquiring an additional 11,691 shares during the last quarter. Vanguard Group Inc. grew its holdings in Getty Realty by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 7,863,821 shares of the real estate investment trust's stock worth $236,937,000 after acquiring an additional 48,491 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Getty Realty by 33.9% during the 4th quarter. JPMorgan Chase & Co. now owns 277,500 shares of the real estate investment trust's stock worth $8,361,000 after acquiring an additional 70,327 shares during the last quarter. Institutional investors own 85.11% of the company's stock.
Getty Realty Trading Down 0.6%
Shares of GTY stock traded down $0.18 during mid-day trading on Friday, reaching $28.29. The company's stock had a trading volume of 99,549 shares, compared to its average volume of 374,320. The company's 50 day simple moving average is $28.19 and its 200-day simple moving average is $29.22. Getty Realty has a 12-month low of $26.42 and a 12-month high of $33.85. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $1.60 billion, a PE ratio of 24.61, a price-to-earnings-growth ratio of 2.14 and a beta of 0.83.
Getty Realty (NYSE:GTY - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). The business had revenue of $51.31 million during the quarter, compared to analysts' expectations of $51.59 million. Getty Realty had a net margin of 31.62% and a return on equity of 6.87%. On average, research analysts predict that Getty Realty will post 2.29 EPS for the current fiscal year.
Getty Realty Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 25th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $1.88 dividend on an annualized basis and a yield of 6.6%. Getty Realty's payout ratio is 163.48%.
Getty Realty Company Profile
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