Getty Realty Corporation (GTY) – What Are Brokerages Saying About This Stock?

Getty Realty Corporation (NYSE:GTY) has earned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $36.57.

A number of research firms have recently weighed in on GTY. Huntington initiated coverage on Getty Realty in a report on Wednesday, July 15th. They issued an “outperform” rating and a $37.00 price target for the company. Weiss Ratings lowered Getty Realty from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. Royal Bank Of Canada lifted their price objective on Getty Realty from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft set a $39.00 target price on shares of Getty Realty in a research note on Wednesday, September 23rd. Finally, KeyCorp restated an “overweight” rating and issued a $36.00 target price on shares of Getty Realty in a report on Thursday, September 24th.

Getty Realty Trading Down 0.3%

Shares of GTY opened at $27.99 on Monday. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.94. The firm’s 50-day moving average is $29.81 and its two-hundred day moving average is $32.11. Getty Realty has a twelve month low of $26.91 and a twelve month high of $36.83. The firm has a market capitalization of $1.88 billion, a P/E ratio of 11.14, a PEG ratio of 1.90 and a beta of 0.72.

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

Getty Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Thursday, December 24th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a 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 presently 118.29%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Getty Realty by 20,892.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 289,066 shares of the real estate investment trust’s stock worth $9,643,000 after acquiring an additional 287,689 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Getty Realty during the second quarter valued at approximately $2,189,000. Ieq Capital LLC acquired a new position in shares of Getty Realty during the second quarter valued at approximately $1,208,000. Ranch Capital Advisors Inc. bought a new stake in Getty Realty during the first quarter worth approximately $1,777,000. Finally, Legal & General Group Plc bought a new stake in Getty Realty during the second quarter worth approximately $11,467,000. Hedge funds and other institutional investors 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.