Getty Realty Corporation (NYSE:GTY) Receives Consensus Rating of “Hold” from Brokerages

Shares of Getty Realty Corporation (NYSE:GTY) have received a consensus recommendation of “Hold” from the five analysts that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $31.25.

Several equities analysts recently issued reports on GTY shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Getty Realty in a report on Wednesday, October 8th. Janney Montgomery Scott began coverage on Getty Realty in a research note on Thursday, October 16th. They issued a “buy” rating and a $30.00 price target on the stock.

Getty Realty Stock Performance

Shares of Getty Realty stock opened at $29.12 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a 50 day simple moving average of $28.45 and a 200 day simple moving average of $27.90. Getty Realty has a fifty-two week low of $25.39 and a fifty-two week high of $32.17. The firm has a market cap of $1.68 billion, a P/E ratio of 22.75, a P/E/G ratio of 2.69 and a beta of 0.85.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $55.59 million for the quarter, compared to analyst estimates of $53.19 million. Getty Realty had a return on equity of 7.60% and a net margin of 34.76%. Sell-side analysts predict that Getty Realty will post 2.29 earnings per share for the current fiscal year.

Institutional Trading of Getty Realty

Several hedge funds have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. lifted its holdings in shares of Getty Realty by 7.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,300 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 356 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Getty Realty by 26.4% in the fourth quarter. Farther Finance Advisors LLC now owns 1,724 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 360 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Getty Realty by 1.2% in the third quarter. Teacher Retirement System of Texas now owns 37,714 shares of the real estate investment trust’s stock valued at $1,012,000 after buying an additional 450 shares during the period. Chatham Capital Group Inc. increased its position in shares of Getty Realty by 0.8% during the fourth quarter. Chatham Capital Group Inc. now owns 60,052 shares of the real estate investment trust’s stock worth $1,644,000 after acquiring an additional 465 shares in the last quarter. Finally, KLP Kapitalforvaltning AS increased its position in shares of Getty Realty by 1.8% during the second quarter. KLP Kapitalforvaltning AS now owns 28,500 shares of the real estate investment trust’s stock worth $799,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Company Profile

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.