Getty Realty (NYSE:GTY) Downgraded to “Hold” at ValuEngine

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ValuEngine downgraded shares of Getty Realty (NYSE:GTY) from a buy rating to a hold rating in a research note published on Friday, ValuEngine reports.

A number of other equities research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Getty Realty from a sell rating to a hold rating in a research note on Thursday, November 21st. JMP Securities reaffirmed a hold rating on shares of Getty Realty in a research note on Tuesday, September 17th.

Shares of Getty Realty stock opened at $32.98 on Friday. Getty Realty has a 52-week low of $28.50 and a 52-week high of $35.03. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 8.88 and a beta of 0.50. The company has a fifty day moving average of $33.04 and a 200-day moving average of $31.67. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.17). Getty Realty had a net margin of 35.19% and a return on equity of 8.49%. The business had revenue of $35.69 million during the quarter, compared to analysts’ expectations of $32.01 million. On average, equities research analysts forecast that Getty Realty will post 1.8 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, December 24th. This represents a $1.48 annualized dividend and a yield of 4.49%. This is a boost from Getty Realty’s previous quarterly dividend of $0.35. Getty Realty’s dividend payout ratio is presently 81.87%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp boosted its position in Getty Realty by 1.0% during the 3rd quarter. State Street Corp now owns 1,525,651 shares of the real estate investment trust’s stock valued at $49,440,000 after buying an additional 15,126 shares during the period. Northern Trust Corp boosted its position in Getty Realty by 1.6% during the 2nd quarter. Northern Trust Corp now owns 813,876 shares of the real estate investment trust’s stock valued at $25,035,000 after buying an additional 13,017 shares during the period. Invesco Ltd. boosted its position in Getty Realty by 19.9% during the 2nd quarter. Invesco Ltd. now owns 788,309 shares of the real estate investment trust’s stock valued at $24,249,000 after buying an additional 130,650 shares during the period. JPMorgan Chase & Co. boosted its position in Getty Realty by 0.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 548,341 shares of the real estate investment trust’s stock valued at $16,598,000 after buying an additional 4,988 shares during the period. Finally, Tributary Capital Management LLC purchased a new stake in Getty Realty during the 3rd quarter valued at $12,599,000. 63.90% of the stock is owned by institutional investors and hedge funds.

Getty Realty Company Profile

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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