Analysts Set Getty Realty Corporation (NYSE:GTY) Price Target at $32.20
by Renee Jackson · The Cerbat GemShares of Getty Realty Corporation (NYSE:GTY – Get Free Report) have received a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $32.20.
GTY has been the subject of a number of analyst reports. UBS Group raised their price objective 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 upped their target price on shares of Getty Realty from $30.00 to $33.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Getty Realty in a research note on Thursday, January 22nd.
Get Our Latest Stock Analysis on GTY
Hedge Funds Weigh In On Getty Realty
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GTY. Aster Capital Management DIFC Ltd purchased a new stake in shares of Getty Realty in the 3rd quarter valued at about $27,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Getty Realty during the fourth quarter worth about $29,000. Advisors Asset Management Inc. purchased a new position in shares of Getty Realty during the first quarter worth about $31,000. EverSource Wealth Advisors LLC increased its position in shares of Getty Realty by 3,996.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,159 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Getty Realty by 288.6% in the third quarter. Farther Finance Advisors LLC now owns 1,364 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,013 shares during the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.
Getty Realty Stock Performance
NYSE:GTY opened at $33.54 on Thursday. The business’s fifty day moving average is $32.53 and its 200 day moving average is $29.58. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 2.50 and a beta of 0.81. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.20 and a current ratio of 2.20. Getty Realty has a 52-week low of $25.39 and a 52-week high of $34.14.
Getty Realty (NYSE:GTY – Get Free Report) last issued its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.63 EPS for the quarter, topping 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 business had revenue of $60.55 million during the quarter, compared to the consensus estimate of $55.94 million. The company’s quarterly revenue was up 14.2% on a year-over-year basis. Research analysts predict that Getty Realty will post 2.29 EPS for the current year.
Getty Realty Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 26th were given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date was Thursday, March 26th. Getty Realty’s dividend payout ratio (DPR) is 144.78%.
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.