KeyCorp Cuts Getty Realty (NYSE:GTY) Price Target to $33.00

Getty Realty (NYSE:GTY) had its target price decreased by KeyCorp from $35.00 to $33.00 in a research report report published on Wednesday morning,Benzinga reports. KeyCorp currently has an overweight rating on the real estate investment trust’s stock.

Other equities analysts also recently issued research reports about the company. JMP Securities restated a “market outperform” rating and set a $34.00 target price on shares of Getty Realty in a report on Friday, January 10th. Robert W. Baird dropped their target price on shares of Getty Realty from $33.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Finally, UBS Group started coverage on shares of Getty Realty in a research report on Friday, March 28th. They set a “neutral” rating and a $32.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Getty Realty presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

Getty Realty Trading Up 1.1 %

Shares of GTY opened at $28.60 on Wednesday. The stock has a market capitalization of $1.59 billion, a P/E ratio of 22.70 and a beta of 0.83. Getty Realty has a twelve month low of $25.70 and a twelve month high of $33.85. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.94. The firm has a fifty day simple moving average of $29.35 and a two-hundred day simple moving average of $30.59.

Getty Realty (NYSE:GTY) last posted its earnings results 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 net margin of 34.94% and a return on equity of 7.43%. The company had revenue of $52.33 million during the quarter, compared to analyst estimates of $52.71 million. On average, research analysts anticipate that Getty Realty will post 2.29 EPS for the current year.

Getty Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 26th will be given a dividend of $0.47 per share. The ex-dividend date is Thursday, June 26th. This represents a $1.88 dividend on an annualized basis and a yield of 6.57%. Getty Realty’s dividend payout ratio (DPR) is currently 155.37%.

Institutional Investors Weigh In On Getty Realty

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GF Fund Management CO. LTD. bought a new stake in shares of Getty Realty in the 4th quarter worth approximately $28,000. US Bancorp DE boosted its holdings in Getty Realty by 52.4% in the first quarter. US Bancorp DE now owns 1,093 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 376 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Getty Realty by 923.7% in the fourth quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 1,210 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Getty Realty by 715.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 1,216 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Getty Realty by 66.2% during the fourth quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 592 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Getty Realty Company Profile