UBS Group Cuts Getty Realty (NYSE:GTY) Price Target to $28.00

Getty Realty (NYSE:GTY - Free Report) had its price target decreased by UBS Group from $29.00 to $28.00 in a research note published on Wednesday morning,Benzinga reports. UBS Group currently has a neutral rating on the real estate investment trust's stock.

A number of other research analysts have also commented on the stock. KeyCorp dropped 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 note on Wednesday, May 7th. Robert W. Baird reduced their price objective on Getty Realty from $33.00 to $32.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.33.

Getty Realty Stock Performance

NYSE:GTY traded up $0.21 during mid-day trading on Wednesday, reaching $27.21. 418,172 shares of the stock were exchanged, compared to its average volume of 341,104. The stock has a market capitalization of $1.51 billion, a P/E ratio of 22.49, a P/E/G ratio of 2.57 and a beta of 0.82. Getty Realty has a 1 year low of $26.65 and a 1 year high of $33.85. The company has a 50 day simple moving average of $28.45 and a 200-day simple moving average of $29.45. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.94.

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, hitting analysts' consensus estimates of $0.59. The business had revenue of $52.33 million for the quarter, compared to analyst estimates of $52.71 million. Getty Realty had a net margin of 33.44% and a return on equity of 7.21%. Analysts anticipate that Getty Realty 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 was paid on Thursday, July 10th. Stockholders of record on Thursday, June 26th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 6.91%. The ex-dividend date was Thursday, June 26th. Getty Realty's payout ratio is 155.37%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Signaturefd LLC increased 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 worth $38,000 after purchasing an additional 730 shares during the period. State of Alaska Department of Revenue grew its holdings in 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 worth $1,532,000 after acquiring an additional 3,238 shares during the period. American National Bank & Trust purchased a new position in Getty Realty in the second quarter worth $222,000. Public Employees Retirement System of Ohio lifted its holdings 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 valued at $2,021,000 after acquiring an additional 1,500 shares during the period. Finally, Exchange Traded Concepts LLC boosted its position in shares of Getty Realty by 8.3% during the 2nd 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 owned by hedge funds and other institutional investors.

About Getty Realty