Getty Realty (NYSE:GTY) Sets New 1-Year Low - Time to Sell?

Getty Realty Corp. (NYSE:GTY - Get Free Report)'s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $27.49 and last traded at $27.96, with a volume of 356739 shares trading hands. The stock had previously closed at $27.91.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Robert W. Baird dropped their target price on Getty Realty from $33.00 to $32.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. UBS Group initiated coverage on Getty Realty in a research note on Friday, March 28th. They issued a "neutral" rating and a $32.00 target price for the company. Finally, JMP Securities reiterated a "market outperform" rating and issued a $34.00 price objective on shares of Getty Realty in a research note on Friday, January 10th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Getty Realty presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.33.

Getty Realty Trading Up 0.2 %

The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.28 and a current ratio of 2.28. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 22.30 and a beta of 0.83. The company has a 50 day moving average of $29.59 and a 200-day moving average of $30.68.

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

Getty Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 26th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.68%. Getty Realty's dividend payout ratio is presently 155.37%.

Institutional Trading of Getty Realty

Institutional investors and hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC lifted its stake in shares of Getty Realty by 0.6% during the fourth quarter. HighTower Advisors LLC now owns 63,200 shares of the real estate investment trust's stock worth $1,904,000 after purchasing an additional 391 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Getty Realty by 1.7% in the fourth quarter. Louisiana State Employees Retirement System now owns 24,500 shares of the real estate investment trust's stock valued at $738,000 after purchasing an additional 400 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Getty Realty by 0.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 72,117 shares of the real estate investment trust's stock valued at $2,173,000 after purchasing an additional 519 shares during the period. American Century Companies Inc. lifted its stake in shares of Getty Realty by 3.4% in 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 period. Finally, Cetera Investment Advisers boosted its holdings in shares of Getty Realty by 4.7% in the fourth quarter. Cetera Investment Advisers now owns 12,433 shares of the real estate investment trust's stock valued at $375,000 after acquiring an additional 561 shares in the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Getty Realty Company Profile