Getty Realty (NYSE:GTY) Upgraded at KeyCorp

KeyCorp upgraded shares of Getty Realty (NYSE:GTY) from a sector weight rating to an overweight rating in a report published on Tuesday, MarketBeat.com reports. The firm currently has $35.00 price target on the real estate investment trust’s stock.

Several other research firms have also recently issued reports on GTY. Bank of America raised Getty Realty from a “neutral” rating to a “buy” rating and upped their price objective for the company from $31.00 to $34.00 in a research report on Monday, October 21st. JPMorgan Chase & Co. increased their price objective on Getty Realty from $31.00 to $33.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.75.

Getty Realty Trading Down 3.0 %

Getty Realty stock opened at $30.26 on Tuesday. Getty Realty has a 12 month low of $25.70 and a 12 month high of $33.85. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 25.86 and a beta of 0.92. The business’s fifty day simple moving average is $32.05 and its two-hundred day simple moving average is $30.59. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.87.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.28). The firm had revenue of $51.47 million for the quarter, compared to analysts’ expectations of $49.79 million. Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. During the same period last year, the company posted $0.57 earnings per share. As a group, equities analysts predict that Getty Realty will post 2.23 earnings per share for the current fiscal year.

Getty Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be paid a $0.47 dividend. This is an increase from Getty Realty’s previous quarterly dividend of $0.45. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date is Thursday, December 26th. Getty Realty’s dividend payout ratio (DPR) is 160.68%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Clear Creek Financial Management LLC increased its position in shares of Getty Realty by 5.0% during the 2nd quarter. Clear Creek Financial Management LLC now owns 7,915 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 375 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in Getty Realty by 1.6% during the second quarter. Louisiana State Employees Retirement System now owns 24,700 shares of the real estate investment trust’s stock valued at $659,000 after buying an additional 400 shares during the last quarter. Huntington National Bank raised its position in Getty Realty by 21.6% in the third quarter. Huntington National Bank now owns 2,484 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 441 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Getty Realty by 34.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,990 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 513 shares during the last quarter. Finally, Arizona State Retirement System grew its position in shares of Getty Realty by 4.3% during the 2nd quarter. Arizona State Retirement System now owns 14,352 shares of the real estate investment trust’s stock valued at $383,000 after acquiring an additional 593 shares during the period. Institutional investors own 85.11% of the company’s stock.

About Getty Realty