Getty Realty (NYSE:GTY) Price Target Cut to $28.00 by Analysts at UBS Group

Getty Realty (NYSE:GTY - Free Report) had its price target cut by UBS Group from $29.00 to $28.00 in a report issued on Wednesday,Benzinga reports. They currently have a neutral rating on the real estate investment trust's stock.

Several other research firms also recently commented on GTY. Robert W. Baird reduced their price target on shares of Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. KeyCorp cut their price objective 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Getty Realty currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.33.

Getty Realty Stock Down 1.3%

GTY traded down $0.34 during midday trading on Wednesday, reaching $26.75. The company's stock had a trading volume of 491,905 shares, compared to its average volume of 341,800. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 2.55 and a beta of 0.82. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.94. Getty Realty has a 1 year low of $26.42 and a 1 year high of $33.85. The stock's 50-day moving average is $28.39 and its 200-day moving average is $29.40.

Getty Realty (NYSE:GTY - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.59 EPS for the quarter, meeting analysts' consensus estimates of $0.59. The business had revenue of $52.33 million during the quarter, compared to analysts' expectations of $52.71 million. Getty Realty had a net margin of 33.44% and a return on equity of 7.21%. As a group, research analysts expect that Getty Realty will post 2.29 EPS for the current year.

Getty Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 26th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 7.03%. The ex-dividend date was Thursday, June 26th. Getty Realty's dividend payout ratio is presently 155.37%.

Hedge Funds Weigh In On Getty Realty

A number of large investors have recently added to or reduced their stakes in the stock. BROOKFIELD Corp ON acquired a new stake in Getty Realty in the 4th quarter valued at about $14,988,000. Nuveen LLC acquired a new stake in Getty Realty during the first quarter worth about $9,507,000. Cbre Investment Management Listed Real Assets LLC increased its position in Getty Realty by 33.8% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 911,168 shares of the real estate investment trust's stock worth $28,410,000 after purchasing an additional 229,937 shares during the last quarter. Marshall Wace LLP increased its position in Getty Realty by 78.8% during the fourth quarter. Marshall Wace LLP now owns 512,268 shares of the real estate investment trust's stock worth $15,435,000 after purchasing an additional 225,752 shares during the last quarter. Finally, Norges Bank acquired a new stake in Getty Realty during the fourth quarter worth about $5,217,000. 85.11% of the stock is currently owned by institutional investors and hedge funds.

About Getty Realty