Getty Realty Corp. (NYSE:GTY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Getty Realty Corp. (NYSE:GTY) has received an average rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $32.50.

A number of analysts have recently weighed in on GTY shares. KeyCorp cut their price objective on Getty Realty from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 7th. Robert W. Baird dropped their target price on Getty Realty from $33.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Finally, UBS Group dropped their target price on Getty Realty from $32.00 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th.

Hedge Funds Weigh In On Getty Realty

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Getty Realty by 0.5% in the first quarter. Vanguard Group Inc. now owns 7,901,516 shares of the real estate investment trust’s stock valued at $246,369,000 after acquiring an additional 37,695 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Getty Realty by 1.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,770,092 shares of the real estate investment trust’s stock valued at $117,551,000 after acquiring an additional 40,120 shares in the last quarter. Geode Capital Management LLC boosted its stake in Getty Realty by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,297,268 shares of the real estate investment trust’s stock valued at $39,095,000 after acquiring an additional 17,618 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its stake in Getty Realty by 33.8% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 911,168 shares of the real estate investment trust’s stock valued at $28,410,000 after acquiring an additional 229,937 shares in the last quarter. Finally, Brown Advisory Inc. boosted its stake in Getty Realty by 0.7% in the first quarter. Brown Advisory Inc. now owns 778,816 shares of the real estate investment trust’s stock valued at $24,283,000 after acquiring an additional 5,281 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Getty Realty Stock Up 1.8%

Getty Realty stock opened at $29.02 on Monday. Getty Realty has a twelve month low of $25.70 and a twelve month high of $33.85. The stock’s fifty day simple moving average is $29.08 and its 200-day simple moving average is $30.44. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $1.61 billion, a P/E ratio of 23.03 and a beta of 0.83.

Getty Realty (NYSE:GTY) last posted its quarterly earnings data on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.59. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. The business had revenue of $52.33 million for the quarter, compared to analyst estimates of $52.71 million. As a group, equities analysts expect that Getty Realty will post 2.29 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 26th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 6.48%. The ex-dividend date is Thursday, June 26th. Getty Realty’s dividend payout ratio (DPR) is presently 155.37%.

About Getty Realty