Getty Realty Corp. (NYSE:GTY) Receives Average Recommendation of “Hold” from Analysts
Getty Realty Corp. (NYSE:GTY) has been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating. Getty Realty Corp.’s rating score has improved by 25% in the last 90 days as a result of various analysts’ ratings changes.
Zacks has also assigned Getty Realty Corp. an industry rank of 155 out of 265 based on the ratings given to related companies.
Separately, JMP Securities initiated coverage on Getty Realty Corp. in a research note on Friday, June 17th. They set a “market perform” rating for the company.
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Several large investors have recently modified their holdings of GTY. Ingalls & Snyder LLC bought a new stake in shares of Getty Realty Corp. during the second quarter valued at $27,261,000. Vanguard Group Inc. increased its stake in shares of Getty Realty Corp. by 5.1% in the second quarter. Vanguard Group Inc. now owns 4,445,876 shares of the real estate investment trust’s stock valued at $95,364,000 after buying an additional 217,164 shares during the last quarter. LSV Asset Management increased its stake in shares of Getty Realty Corp. by 21.8% in the second quarter. LSV Asset Management now owns 799,553 shares of the real estate investment trust’s stock valued at $17,150,000 after buying an additional 143,128 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Getty Realty Corp. by 23.2% in the first quarter. Renaissance Technologies LLC now owns 733,212 shares of the real estate investment trust’s stock valued at $14,540,000 after buying an additional 138,212 shares during the last quarter. Finally, Piermont Capital Management Inc. bought a new stake in shares of Getty Realty Corp. during the second quarter valued at $2,659,000. 54.20% of the stock is owned by institutional investors.
Shares of Getty Realty Corp. (NYSE:GTY) traded down 0.43% during midday trading on Wednesday, hitting $23.31. The stock had a trading volume of 32,191 shares. The company has a market cap of $786.71 million, a P/E ratio of 16.42 and a beta of 0.86. Getty Realty Corp. has a one year low of $15.31 and a one year high of $24.24. The stock has a 50 day moving average of $23.48 and a 200-day moving average of $21.28.
Getty Realty Corp. (NYSE:GTY) last announced its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.07. Getty Realty Corp. had a return on equity of 12.31% and a net margin of 41.27%. During the same quarter last year, the firm earned $0.55 earnings per share. Analysts forecast that Getty Realty Corp. will post $1.53 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 6th. Stockholders of record on Thursday, September 22nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.27%. The ex-dividend date is Tuesday, September 20th. Getty Realty Corp.’s payout ratio is 69.93%.
About Getty Realty Corp.
Getty Realty Corp. is a real estate investment trust. The Company is engaged in the ownership, leasing and financing of convenience store and gasoline station properties. It owns and leases approximately 850 properties that are located in over 20 states across the United States and Washington, District of Columbia.
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