Getty Realty Corporation (NYSE:GTY) Stock Has Consensus Target Price of $36.57

Shares of Getty Realty Corporation (NYSE:GTY) have been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $36.57.

GTY has been the subject of a number of recent analyst reports. Citigroup reissued a “market outperform” rating on shares of Getty Realty in a research report on Wednesday, September 23rd. Weiss Ratings cut shares of Getty Realty from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday. Huntington started coverage on shares of Getty Realty in a research note on Wednesday, July 15th. They set an “outperform” rating and a $37.00 target price for the company. Royal Bank Of Canada increased their target price on shares of Getty Realty from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft set a $39.00 price target on shares of Getty Realty in a research report on Wednesday, September 23rd.

Getty Realty Trading Down 0.0%

Shares of Getty Realty stock opened at $27.99 on Monday. The stock has a 50 day moving average of $29.81 and a 200 day moving average of $32.11. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.82 and a current ratio of 2.82. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 1.89 and a beta of 0.72. Getty Realty has a fifty-two week low of $26.91 and a fifty-two week high of $36.83.

Getty Realty (NYSE:GTY) last posted its earnings results on Wednesday, October 21st. The real estate investment trust reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Getty Realty had a return on equity of 8.93% and a net margin of 42.37%. The company had revenue of $62.99 million for the quarter, compared to the consensus estimate of $59.18 million. During the same quarter in the previous year, the business earned $0.62 earnings per share. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, research analysts predict that Getty Realty will post 2.45 earnings per share for the current year.

Getty Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Thursday, December 24th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Thursday, December 24th. This is an increase from Getty Realty’s previous quarterly dividend of $0.4850. Getty Realty’s dividend payout ratio is 121.95%.

Institutional Trading of Getty Realty

Institutional investors have recently added to or reduced their stakes in the stock. Avalon Trust Co purchased a new stake in Getty Realty in the first quarter valued at approximately $38,000. Global Retirement Partners LLC purchased a new position in shares of Getty Realty during the second quarter worth $43,000. Optiver Holding B.V. boosted its position in shares of Getty Realty by 380.2% during the first quarter. Optiver Holding B.V. now owns 1,556 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 1,232 shares during the period. Nykredit A S purchased a new position in shares of Getty Realty during the second quarter worth $52,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Getty Realty in the second quarter valued at $67,000. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Company Profile

Getty Realty Corp. is a real estate investment trust that owns, leases and develops convenience store, gasoline station and automotive service properties. Its portfolio also includes properties used for car washes, truck service, automotive parts and repairs, and other retail and service businesses.

The company generally leases its properties to operators under long-term, often triple-net lease agreements, under which tenants are typically responsible for property taxes, insurance and maintenance.