Getty Realty Corporation (NYSE:GTY) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Getty Realty Corporation received an average analyst recommendation of "Moderate Buy", with three analysts suggesting a buy and three a hold, reflecting mixed opinions on the stock's potential.
• The company's recent earnings report indicated a miss on expected earnings per share, reporting $0.59 compared to the consensus of $0.60, along with a revenue of $51.31 million.
• Getty Realty announced a quarterly dividend of $0.47 per share, which represents an annualized dividend yield of 6.7%, despite a high payout ratio of 163.48%.

Shares of Getty Realty Corporation (NYSE:GTY - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six research firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $32.3333.

Several research analysts have commented on the company. KeyCorp cut their target price on Getty Realty from $35.00 to $33.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. Robert W. Baird lowered their price objective on shares of Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Wall Street Zen lowered shares of Getty Realty from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Finally, UBS Group reduced their target price on Getty Realty from $29.00 to $28.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 16th.

Institutional Investors Weigh In On Getty Realty

Several institutional investors have recently bought and sold shares of GTY. BROOKFIELD Corp ON purchased a new stake in Getty Realty during the 4th quarter valued at about $14,988,000. Nuveen LLC bought a new stake in Getty Realty during the 1st quarter valued at $9,507,000. Cbre Investment Management Listed Real Assets LLC raised its holdings in 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 valued at $28,410,000 after buying an additional 229,937 shares during the last quarter. Marshall Wace LLP grew its holdings in Getty Realty by 78.8% in the 4th quarter. Marshall Wace LLP now owns 512,268 shares of the real estate investment trust's stock worth $15,435,000 after acquiring an additional 225,752 shares during the last quarter. Finally, Norges Bank bought a new stake in Getty Realty in the 4th quarter worth $5,217,000. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Getty Realty Stock Performance

Shares of GTY stock traded up $0.53 on Friday, hitting $28.57. 302,248 shares of the stock were exchanged, compared to its average volume of 445,946. Getty Realty has a one year low of $26.42 and a one year high of $33.85. The firm's 50 day moving average is $28.20 and its two-hundred day moving average is $29.24. The firm has a market capitalization of $1.62 billion, a PE ratio of 11.83, a P/E/G ratio of 2.11 and a beta of 0.83. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.94.

Getty Realty (NYSE:GTY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). Getty Realty had a net margin of 31.62% and a return on equity of 6.87%. The company had revenue of $51.31 million during the quarter, compared to analysts' expectations of $51.59 million. Sell-side analysts expect that Getty Realty will post 2.29 earnings per share 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 issued a dividend of $0.47 per share. The ex-dividend date is Thursday, September 25th. This represents a $1.88 annualized dividend and a yield of 6.6%. Getty Realty's dividend payout ratio is currently 163.48%.

Getty Realty Company Profile