Getty Realty (NYSE:GTY) Stock Picked Up by Analysts at Huntington Sec

Huntington Sec began coverage on shares of Getty Realty (NYSE:GTY) in a report issued on Thursday, Zacks reports. The brokerage set a “strong-buy” rating on the real estate investment trust’s stock.

GTY has been the subject of several other reports. Huntington began coverage on Getty Realty in a research note on Wednesday, July 15th. They set an “outperform” rating and a $37.00 target price for the company. Deutsche Bank Aktiengesellschaft set a $39.00 price target on Getty Realty in a research note on Wednesday, September 23rd. KeyCorp reiterated an “overweight” rating and issued a $36.00 price target on shares of Getty Realty in a research note on Thursday, September 24th. Robert W. Baird boosted their price target on Getty Realty from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings downgraded Getty Realty from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.57.

Getty Realty Trading Down 0.3%

Shares of NYSE:GTY opened at $27.99 on Thursday. Getty Realty has a 12-month low of $26.91 and a 12-month high of $36.83. The stock has a market cap of $1.88 billion, a PE ratio of 17.07, a P/E/G ratio of 1.90 and a beta of 0.72. The business has a 50 day moving average of $29.81 and a 200-day moving average of $32.11. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.94.

Getty Realty (NYSE:GTY) last released its quarterly earnings results on Wednesday, October 21st. The real estate investment trust reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. Getty Realty had a net margin of 42.37% and a return on equity of 8.93%. The business had revenue of $62.99 million for the quarter, compared to analyst estimates of $59.18 million. During the same period last year, the firm earned $0.62 earnings per share. Getty Realty’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, equities research analysts forecast that Getty Realty will post 2.45 earnings per share for the current year.

Institutional Investors Weigh In On Getty Realty

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Getty Realty during the 2nd quarter valued at about $344,815,000. Dimensional Fund Advisors LP grew its holdings in shares of Getty Realty by 5.2% during the first quarter. Dimensional Fund Advisors LP now owns 802,609 shares of the real estate investment trust’s stock worth $25,523,000 after purchasing an additional 39,683 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Getty Realty by 75.8% during the first quarter. Bank of America Corp DE now owns 780,288 shares of the real estate investment trust’s stock worth $24,813,000 after purchasing an additional 336,431 shares in the last quarter. Sound Income Strategies LLC purchased a new position in shares of Getty Realty during the third quarter worth about $18,326,000. Finally, Fidelity National Financial Inc. bought a new position in shares of Getty Realty in the second quarter worth approximately $20,089,000. 85.11% of the stock is currently owned by institutional investors.

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.