Getty Realty Corp. (GTY) Receives Consensus Recommendation of “Sell” from Brokerages
Getty Realty Corp. (NYSE:GTY) has been given an average broker rating score of 4.00 (Sell) from the two analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell rating and one has assigned a hold rating to the company.
Brokers have set a 12 month consensus price objective of $16.00 for the company and are expecting that the company will post $0.41 EPS for the current quarter, according to Zacks. Zacks has also given Getty Realty Corp. an industry rank of 93 out of 265 based on the ratings given to its competitors.
Separately, JMP Securities began coverage on shares of Getty Realty Corp. in a report on Friday, June 17th. They issued a “market perform” rating for the company.
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Large investors have recently made changes to their positions in the stock. Ingalls & Snyder LLC bought a new stake in shares of Getty Realty Corp. during the second quarter worth $27,261,000. Vanguard Group Inc. raised 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 worth $95,364,000 after buying an additional 217,164 shares during the last quarter. LSV Asset Management raised 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 worth $17,150,000 after buying an additional 143,128 shares during the last quarter. Renaissance Technologies LLC raised 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 worth $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 worth $2,659,000. Institutional investors own 54.23% of the company’s stock.
Getty Realty Corp. (NYSE:GTY) traded down 0.45% during midday trading on Tuesday, reaching $22.23. 35,099 shares of the company traded hands. The stock has a market capitalization of $750.26 million, a P/E ratio of 15.65 and a beta of 0.63. The company has a 50 day moving average price of $23.58 and a 200-day moving average price of $21.78. Getty Realty Corp. has a one year low of $15.67 and a one year high of $24.33.
Getty Realty Corp. (NYSE:GTY) last released its earnings results on Thursday, August 4th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.07. Getty Realty Corp. had a net margin of 41.27% and a return on equity of 12.31%. During the same period last year, the firm posted $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 disclosed a quarterly dividend, which was paid on Thursday, October 6th. Investors of record on Thursday, September 22nd were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, September 20th. This represents a $1.00 dividend on an annualized basis and a yield of 4.48%. 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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