Analysts Set Getty Realty Corporation (NYSE:GTY) PT at $32.20

Shares of Getty Realty Corporation (NYSE:GTY) have earned a consensus recommendation of “Hold” from the six research firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $32.20.

Several brokerages have recently issued reports on GTY. Royal Bank Of Canada lifted their target price on Getty Realty from $30.00 to $33.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 17th. UBS Group boosted their price objective on Getty Realty from $29.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Getty Realty in a research note on Thursday, January 22nd.

Institutional Investors Weigh In On Getty Realty

Several large investors have recently added to or reduced their stakes in GTY. Amundi increased its stake in Getty Realty by 12.7% during the first quarter. Amundi now owns 30,647 shares of the real estate investment trust’s stock worth $930,000 after acquiring an additional 3,463 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in Getty Realty during the first quarter worth approximately $31,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Getty Realty by 8.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 306,733 shares of the real estate investment trust’s stock worth $9,564,000 after acquiring an additional 23,370 shares during the last quarter. Jane Street Group LLC increased its stake in Getty Realty by 105.8% during the first quarter. Jane Street Group LLC now owns 113,313 shares of the real estate investment trust’s stock worth $3,533,000 after acquiring an additional 58,255 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of Getty Realty by 13.3% during the second quarter. Cetera Investment Advisers now owns 16,721 shares of the real estate investment trust’s stock valued at $462,000 after buying an additional 1,961 shares during the period. 85.11% of the stock is owned by institutional investors.

Getty Realty Trading Up 1.0%

Shares of GTY stock opened at $34.03 on Thursday. Getty Realty has a 12-month low of $25.39 and a 12-month high of $34.14. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.93. The stock’s 50-day moving average price is $32.68 and its 200-day moving average price is $29.66. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 2.49 and a beta of 0.81.

Getty Realty (NYSE:GTY) last issued its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. Getty Realty had a return on equity of 7.86% and a net margin of 35.72%.The firm had revenue of $60.55 million for the quarter, compared to analysts’ expectations of $55.94 million. Getty Realty’s revenue for the quarter was up 14.2% compared to the same quarter last year. Equities research analysts predict that Getty Realty will post 2.29 EPS for the current fiscal year.

Getty Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, March 26th were paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend was Thursday, March 26th. Getty Realty’s payout ratio is presently 144.78%.

Getty Realty Company Profile

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company’s portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.