Wall Street Zen Downgrades Getty Realty (NYSE:GTY) to Sell

Key Points

• Wall Street Zen has downgraded Getty Realty from a "hold" to a "sell" rating, indicating a more negative outlook for the company.
• Analysts have varied target prices for Getty Realty, with KeyCorp lowering theirs from $35.00 to $33.00, and UBS Group adjusting theirs from $29.00 to $28.00.
• Despite the downgrades, a consensus rating of "Hold" remains from various analysts, with an average price target of $32.33.

Getty Realty (NYSE:GTY - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

A number of other brokerages have also recently issued reports on GTY. KeyCorp dropped their target price on shares of Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. UBS Group dropped their target price on shares of Getty Realty from $29.00 to $28.00 and set a "neutral" rating on the stock in a report on Wednesday, July 16th. Finally, Robert W. Baird decreased 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $32.33.

Getty Realty Trading Up 0.8%

Shares of NYSE:GTY opened at $27.73 on Friday. The company's 50-day moving average price is $28.28 and its two-hundred day moving average price is $29.32. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.98 and a quick ratio of 2.44. Getty Realty has a one year low of $26.42 and a one year high of $33.85. The stock has a market capitalization of $1.54 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 2.62 and a beta of 0.82.

Getty Realty (NYSE:GTY - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). The firm had revenue of $51.31 million during the quarter, compared to the consensus estimate of $51.59 million. Getty Realty had a net margin of 31.62% and a return on equity of 6.87%. On average, equities analysts forecast that Getty Realty will post 2.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GTY. Raymond James Financial Inc. acquired a new position in shares of Getty Realty during the 4th quarter worth approximately $886,000. Teacher Retirement System of Texas acquired a new position in shares of Getty Realty during the 4th quarter worth approximately $1,112,000. American Century Companies Inc. grew its position in shares of Getty Realty by 3.4% during the 4th quarter. American Century Companies Inc. now owns 16,237 shares of the real estate investment trust's stock worth $489,000 after purchasing an additional 533 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Getty Realty during the 4th quarter worth approximately $919,000. Finally, LPL Financial LLC grew its position in shares of Getty Realty by 20.8% during the 4th quarter. LPL Financial LLC now owns 68,003 shares of the real estate investment trust's stock worth $2,049,000 after purchasing an additional 11,691 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.

Getty Realty Company Profile

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