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

Getty Realty Corporation (NYSE:GTY) has been given a consensus rating of “Hold” by the six research firms that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $32.20.

A number of analysts have weighed in on GTY shares. UBS Group increased their target price on shares of Getty Realty from $29.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, March 9th. Royal Bank Of Canada boosted 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 report on Tuesday, February 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Getty Realty in a research note on Thursday, January 22nd.

Getty Realty Stock Down 0.6%

Shares of GTY opened at $33.23 on Friday. The stock’s 50-day moving average price is $31.47 and its two-hundred day moving average price is $29.01. Getty Realty has a 12 month low of $25.39 and a 12 month high of $34.14. The company has a market capitalization of $1.99 billion, a PE ratio of 24.79, a PEG ratio of 2.48 and a beta of 0.82. 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 (NYSE:GTY) last issued its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01. Getty Realty had a return on equity of 7.86% and a net margin of 35.72%.The company had revenue of $60.55 million during the quarter, compared to analysts’ expectations of $55.94 million. The company’s revenue was up 14.2% on a year-over-year basis. On average, analysts anticipate that Getty Realty will post 2.29 EPS for the current year.

Getty Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 26th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $1.94 dividend on an annualized basis and a yield of 5.8%. Getty Realty’s dividend payout ratio is 144.78%.

Institutional Trading of Getty Realty

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Getty Realty by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 8,488,950 shares of the real estate investment trust’s stock valued at $232,343,000 after purchasing an additional 102,670 shares during the period. State Street Corp grew its stake in Getty Realty by 1.5% during the fourth quarter. State Street Corp now owns 4,035,598 shares of the real estate investment trust’s stock worth $112,262,000 after purchasing an additional 60,137 shares during the period. Geode Capital Management LLC grew its stake in Getty Realty by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 1,472,865 shares of the real estate investment trust’s stock worth $40,318,000 after purchasing an additional 28,155 shares during the period. Millennium Management LLC increased its holdings in Getty Realty by 42.3% in the third quarter. Millennium Management LLC now owns 1,142,413 shares of the real estate investment trust’s stock worth $30,651,000 after purchasing an additional 339,388 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Getty Realty by 5.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 858,566 shares of the real estate investment trust’s stock worth $23,499,000 after purchasing an additional 47,800 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

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.