Getty Realty Corp. (GTY) Receives Average Rating of “Buy” from Brokerages

Shares of Getty Realty Corp. (NYSE:GTY) have received an average rating of “Buy” from the seven analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $27.33.

Several research firms have issued reports on GTY. Zacks Investment Research downgraded Getty Realty from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 27th. KeyCorp began coverage on Getty Realty in a report on Tuesday, December 12th. They set a “sector weight” rating on the stock.

Shares of Getty Realty (NYSE:GTY) opened at $26.32 on Tuesday. The company has a market capitalization of $1,040.00, a PE ratio of 22.69, a P/E/G ratio of 6.03 and a beta of 0.54. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.58. Getty Realty has a twelve month low of $22.91 and a twelve month high of $29.89.

Getty Realty (NYSE:GTY) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.21). Getty Realty had a return on equity of 9.62% and a net margin of 36.66%. The business had revenue of $29.50 million for the quarter, compared to analysts’ expectations of $27.35 million. During the same quarter in the prior year, the firm earned $0.47 earnings per share. Getty Realty’s revenue for the quarter was up 3.5% compared to the same quarter last year. research analysts predict that Getty Realty will post 1.95 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Thursday, December 21st were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, December 20th. This is an increase from Getty Realty’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a yield of 4.86%. Getty Realty’s payout ratio is currently 110.34%.

A number of hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP purchased a new stake in Getty Realty during the 3rd quarter worth approximately $791,000. Piedmont Investment Advisors LLC purchased a new stake in Getty Realty during the 3rd quarter worth approximately $204,000. California Public Employees Retirement System increased its holdings in Getty Realty by 9.3% during the 3rd quarter. California Public Employees Retirement System now owns 124,472 shares of the real estate investment trust’s stock worth $3,561,000 after purchasing an additional 10,617 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Getty Realty during the 3rd quarter worth approximately $255,000. Finally, Asset Management One Co. Ltd. grew its position in shares of Getty Realty by 85.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 182,289 shares of the real estate investment trust’s stock worth $5,249,000 after acquiring an additional 83,897 shares in the last quarter. Institutional investors own 61.16% of the company’s stock.

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Getty Realty Company Profile

Getty Realty Corp. is a real estate investment trust (REIT). The Company specializes in the ownership, leasing and financing of convenience store and gasoline station properties. As of June 30, 2017, the Company’s 825 properties were located in 26 states across the United States and Washington, District of Columbia.

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