Getty Realty (NYSE:GTY) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Getty Realty Corporation (NYSE:GTY) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.83 and traded as high as $30.19. Getty Realty shares last traded at $30.13, with a volume of 439,466 shares changing hands.

Wall Street Analyst Weigh In

GTY has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Getty Realty in a research report on Wednesday, October 8th. Janney Montgomery Scott began coverage on shares of Getty Realty in a report on Thursday, October 16th. They issued a “buy” rating and a $30.00 target price for the company. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $31.25.

Getty Realty Stock Performance

The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.93. The business has a 50 day moving average price of $28.25 and a two-hundred day moving average price of $27.84. The stock has a market cap of $1.73 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 2.77 and a beta of 0.85.

Getty Realty (NYSE:GTY) last issued its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. Getty Realty had a return on equity of 7.60% and a net margin of 34.76%.The company had revenue of $55.59 million for the quarter, compared to the consensus estimate of $53.19 million. Getty Realty has set its FY 2025 guidance at 2.420-2.430 EPS. On average, sell-side analysts forecast that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.

Getty Realty Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Friday, December 26th were given a dividend of $0.485 per share. This is a positive change from Getty Realty’s previous quarterly dividend of $0.47. This represents a $1.94 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date was Friday, December 26th. Getty Realty’s dividend payout ratio (DPR) is currently 151.56%.

Institutional Trading of Getty Realty

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Amundi boosted its holdings in shares of Getty Realty by 12.7% during the 1st quarter. Amundi now owns 30,647 shares of the real estate investment trust’s stock valued at $930,000 after purchasing an additional 3,463 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of Getty Realty in the first quarter worth about $31,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted 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 valued at $9,564,000 after buying an additional 23,370 shares during the last quarter. Jane Street Group LLC grew its holdings in Getty Realty by 105.8% during the 1st quarter. Jane Street Group LLC now owns 113,313 shares of the real estate investment trust’s stock valued at $3,533,000 after buying an additional 58,255 shares in the last quarter. Finally, Strs Ohio purchased a new position in Getty Realty during the 1st quarter valued at approximately $290,000. 85.11% of the stock is currently owned by institutional investors.

About Getty Realty

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.