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

Getty Realty Corporation (NYSE:GTY - Get Free Report)'s share price reached a new 52-week low on Friday . The stock traded as low as $26.54 and last traded at $26.70, with a volume of 159828 shares. The stock had previously closed at $27.09.

Wall Street Analysts Forecast Growth

GTY has been the topic of several research reports. Robert W. Baird decreased their target price on Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. UBS Group decreased their price objective on Getty Realty from $29.00 to $28.00 and set a "neutral" rating on the stock in a report on Wednesday, July 16th. Finally, KeyCorp dropped their target price on Getty Realty from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $32.33.

Getty Realty Stock Up 1.2%

The company has a market cap of $1.51 billion, a price-to-earnings ratio of 22.55, a price-to-earnings-growth ratio of 2.55 and a beta of 0.82. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.44 and a current ratio of 2.44. The stock's fifty day moving average is $28.36 and its two-hundred day moving average is $29.38.

Getty Realty (NYSE:GTY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 EPS for the quarter, hitting analysts' consensus estimates of $0.59. Getty Realty had a return on equity of 7.21% and a net margin of 33.44%. The business had revenue of $52.33 million for the quarter, compared to analyst estimates of $52.71 million. Sell-side analysts predict that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 25th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 6.89%. Getty Realty's dividend payout ratio is currently 155.37%.

Institutional Investors Weigh In On Getty Realty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GTY. Signaturefd LLC boosted its position in Getty Realty by 111.3% during the 2nd quarter. Signaturefd LLC now owns 1,386 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 730 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Getty Realty by 6.2% during the second quarter. State of Alaska Department of Revenue now owns 55,496 shares of the real estate investment trust's stock valued at $1,532,000 after purchasing an additional 3,238 shares in the last quarter. American National Bank & Trust bought a new stake in shares of Getty Realty during the second quarter valued at approximately $222,000. Public Employees Retirement System of Ohio grew its stake in Getty Realty by 2.1% in the second quarter. Public Employees Retirement System of Ohio now owns 73,136 shares of the real estate investment trust's stock worth $2,021,000 after purchasing an additional 1,500 shares during the period. Finally, Exchange Traded Concepts LLC raised its holdings in Getty Realty by 8.3% in the second quarter. Exchange Traded Concepts LLC now owns 115,808 shares of the real estate investment trust's stock worth $3,201,000 after purchasing an additional 8,895 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors.

Getty Realty Company Profile