Getty Realty Corp. (NYSE:GTY) Given Consensus Rating of “Moderate Buy” by Brokerages

Getty Realty Corp. (NYSE:GTY) has received an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $33.60.

Several research analysts have recently issued reports on GTY shares. JMP Securities reiterated a “market outperform” rating and set a $34.00 price target on shares of Getty Realty in a report on Friday, January 10th. UBS Group initiated coverage on Getty Realty in a report on Friday. They issued a “neutral” rating and a $32.00 target price for the company. Finally, KeyCorp raised Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price target on the stock in a research note on Tuesday, December 17th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BROOKFIELD Corp ON acquired a new position in shares of Getty Realty in the fourth quarter worth approximately $14,988,000. Verition Fund Management LLC bought a new position in Getty Realty during the 3rd quarter worth approximately $10,119,000. NFJ Investment Group LLC bought a new position in Getty Realty during the 3rd quarter worth approximately $9,231,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Getty Realty by 493.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 317,380 shares of the real estate investment trust’s stock worth $10,096,000 after purchasing an additional 263,938 shares during the period. Finally, Marshall Wace LLP boosted its stake in shares of Getty Realty by 78.8% in the 4th quarter. Marshall Wace LLP now owns 512,268 shares of the real estate investment trust’s stock valued at $15,435,000 after purchasing an additional 225,752 shares during the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Getty Realty Price Performance

NYSE GTY traded down $0.02 during trading on Friday, hitting $30.55. 25,187 shares of the company’s stock were exchanged, compared to its average volume of 333,605. The company has a market cap of $1.68 billion, a PE ratio of 24.25 and a beta of 0.91. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.94. Getty Realty has a fifty-two week low of $25.70 and a fifty-two week high of $33.85. The stock’s 50 day moving average price is $30.81 and its two-hundred day moving average price is $31.29.

Getty Realty (NYSE:GTY) last announced its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.29. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. Research analysts expect that Getty Realty will post 2.29 EPS for the current year.

Getty Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be issued a $0.47 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.88 dividend on an annualized basis and a yield of 6.15%. Getty Realty’s payout ratio is 149.21%.

Getty Realty Company Profile