Getty Realty (NYSE:GTY) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of Getty Realty (NYSE:GTY) from a sell rating to a hold rating in a research report report published on Monday.

Separately, JMP Securities reissued a market outperform rating and set a $33.00 target price on shares of Getty Realty in a report on Monday, March 25th.

Getty Realty Stock Down 1.2 %

Shares of NYSE:GTY opened at $27.05 on Monday. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 23.52 and a beta of 0.89. Getty Realty has a 1-year low of $25.90 and a 1-year high of $35.56. The company’s fifty day moving average is $26.89 and its two-hundred day moving average is $27.81. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.73 and a current ratio of 3.73.

Getty Realty (NYSE:GTY) last issued its earnings results on Wednesday, February 14th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). The business had revenue of $45.62 million for the quarter, compared to analyst estimates of $47.19 million. Getty Realty had a return on equity of 6.72% and a net margin of 32.37%. Equities analysts anticipate that Getty Realty will post 2.31 EPS for the current year.

Getty Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.80 annualized dividend and a dividend yield of 6.65%. Getty Realty’s dividend payout ratio is currently 156.52%.

Hedge Funds Weigh In On Getty Realty

Institutional investors have recently modified their holdings of the company. Baystate Wealth Management LLC bought a new position in shares of Getty Realty during the fourth quarter worth about $29,000. Quadrant Capital Group LLC grew its position in Getty Realty by 67.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,836 shares of the real estate investment trust’s stock valued at $83,000 after buying an additional 1,144 shares in the last quarter. Rocky Mountain Advisers LLC bought a new position in Getty Realty in the 4th quarter valued at about $105,000. Van ECK Associates Corp grew its position in Getty Realty by 27.4% in the 4th quarter. Van ECK Associates Corp now owns 6,690 shares of the real estate investment trust’s stock valued at $195,000 after buying an additional 1,440 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Getty Realty in the 4th quarter valued at about $204,000. Institutional investors own 85.11% of the company’s stock.

Getty Realty Company Profile