Getty Realty (NYSE:GTY - Get Free Report) was upgraded by equities researchers at StockNews.com from a "sell" rating to a "hold" rating in a research report issued on Friday.
Separately, JMP Securities reaffirmed a "market outperform" rating and issued a $33.00 price target on shares of Getty Realty in a research note on Monday, March 25th.
Read Our Latest Report on GTY
Getty Realty Stock Performance
Shares of GTY traded down $0.11 during midday trading on Friday, reaching $26.72. 273,819 shares of the stock were exchanged, compared to its average volume of 285,520. Getty Realty has a twelve month low of $25.90 and a twelve month high of $35.56. The company has a quick ratio of 3.73, a current ratio of 3.73 and a debt-to-equity ratio of 0.79. The stock's 50 day simple moving average is $27.05 and its 200 day simple moving average is $27.93. The company has a market cap of $1.44 billion, a P/E ratio of 23.23 and a beta of 0.89.
Getty Realty (NYSE:GTY - Get Free Report) last announced its earnings results on Wednesday, February 14th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by ($0.27). Getty Realty had a return on equity of 6.72% and a net margin of 32.37%. The business had revenue of $45.62 million for the quarter, compared to analyst estimates of $47.19 million. On average, sell-side analysts expect that Getty Realty will post 2.31 earnings per share for the current year.
Institutional Trading of Getty Realty
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. IFP Advisors Inc acquired a new stake in shares of Getty Realty during the 2nd quarter valued at $26,000. Baystate Wealth Management LLC acquired a new stake in shares of Getty Realty during the fourth quarter valued at about $29,000. Natixis bought a new stake in shares of Getty Realty during the fourth quarter worth about $42,000. Vestcor Inc acquired a new position in shares of Getty Realty in the second quarter valued at approximately $57,000. Finally, FMR LLC raised its holdings in Getty Realty by 68.3% in the 1st quarter. FMR LLC now owns 1,703 shares of the real estate investment trust's stock valued at $61,000 after buying an additional 691 shares during the last quarter. Institutional investors own 85.11% of the company's stock.
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