Getty Realty Corporation (NYSE:GTY) Given Average Rating of “Hold” by Brokerages

Shares of Getty Realty Corporation (NYSE:GTY) have been given a consensus rating of “Hold” by the six brokerages that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $31.60.

A number of brokerages have weighed in on GTY. Weiss Ratings restated a “hold (c)” rating on shares of Getty Realty in a report on Thursday, January 22nd. Royal Bank Of Canada raised their price target on shares of Getty Realty from $30.00 to $33.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 17th.

Institutional Investors Weigh In On Getty Realty

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. boosted its stake in Getty Realty by 7.2% during the second quarter. Ameritas Investment Partners Inc. now owns 5,300 shares of the real estate investment trust’s stock worth $146,000 after buying an additional 356 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Getty Realty by 26.4% during the 4th quarter. Farther Finance Advisors LLC now owns 1,724 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 360 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Getty Realty by 3.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,160 shares of the real estate investment trust’s stock valued at $333,000 after purchasing an additional 400 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Getty Realty by 36.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,572 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 418 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its stake in Getty Realty by 1.2% during the third quarter. Teacher Retirement System of Texas now owns 37,714 shares of the real estate investment trust’s stock worth $1,012,000 after purchasing an additional 450 shares during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Trading Down 0.0%

Shares of Getty Realty stock opened at $31.80 on Wednesday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.93. Getty Realty has a twelve month low of $25.39 and a twelve month high of $34.02. The firm has a market capitalization of $1.90 billion, a PE ratio of 23.73, a P/E/G ratio of 2.38 and a beta of 0.84. The firm’s 50-day moving average price is $29.52 and its 200 day moving average price is $28.39.

Getty Realty (NYSE:GTY) last announced its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The business had revenue of $60.55 million during the quarter, compared to analysts’ expectations of $55.94 million. Getty Realty had a return on equity of 7.86% and a net margin of 35.72%.The company’s revenue was up 14.2% compared to the same quarter last year. On average, sell-side analysts predict that Getty Realty will post 2.29 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 26th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Thursday, March 26th. Getty Realty’s payout ratio is currently 144.78%.

About Getty Realty

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company’s portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.