UBS Group Has Lowered Expectations for Getty Realty (NYSE:GTY) Stock Price

Getty Realty (NYSE:GTY) had its price objective decreased by equities researchers at UBS Group from $32.00 to $29.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. UBS Group’s price target points to a potential upside of 4.05% from the company’s current price.

Several other equities research analysts have also recently commented on GTY. KeyCorp cut 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 report on Wednesday, May 7th. Robert W. Baird cut their price target on Getty Realty from $33.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Getty Realty presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.50.

Getty Realty Stock Down 1.1%

Shares of Getty Realty stock opened at $27.87 on Tuesday. The company has a market capitalization of $1.55 billion, a P/E ratio of 22.12 and a beta of 0.83. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 2.28. The business has a 50-day moving average of $29.24 and a two-hundred day moving average of $30.52. Getty Realty has a 1 year low of $25.70 and a 1 year high of $33.85.

Getty Realty (NYSE:GTY) last posted 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 during the quarter, compared to analysts’ expectations of $52.71 million. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. As a group, equities analysts predict that Getty Realty will post 2.29 EPS for the current year.

Hedge Funds Weigh In On Getty Realty

Several hedge funds have recently modified their holdings of GTY. Truvestments Capital LLC raised its holdings in Getty Realty by 34,222.5% during the first quarter. Truvestments Capital LLC now owns 109,832 shares of the real estate investment trust’s stock worth $3,425,000 after acquiring an additional 109,512 shares in the last quarter. Ieq Capital LLC acquired a new stake in shares of Getty Realty in the 1st quarter valued at approximately $203,000. Harvest Portfolios Group Inc. grew its stake in shares of Getty Realty by 61.9% in the first quarter. Harvest Portfolios Group Inc. now owns 48,371 shares of the real estate investment trust’s stock valued at $1,508,000 after buying an additional 18,498 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Getty Realty by 1.1% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,770,092 shares of the real estate investment trust’s stock worth $117,551,000 after buying an additional 40,120 shares during the last quarter. Finally, Jump Financial LLC increased its holdings in Getty Realty by 53.9% during the first quarter. Jump Financial LLC now owns 26,123 shares of the real estate investment trust’s stock worth $815,000 after buying an additional 9,153 shares during the last quarter. Institutional investors own 85.11% of the company’s stock.

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