Getty Realty Corporation (NYSE:GTY) has earned an average recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $27.33.
A number of analysts recently commented on GTY shares. Zacks Investment Research lowered Getty Realty Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. ValuEngine raised Getty Realty Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Bank of America Corporation started coverage on Getty Realty Corporation in a research note on Wednesday, September 6th. They issued a “buy” rating and a $30.00 price target for the company. Finally, BidaskClub raised Getty Realty Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd.
A number of institutional investors and hedge funds have recently bought and sold shares of GTY. Teachers Advisors LLC raised its holdings in Getty Realty Corporation by 5.6% in the first quarter. Teachers Advisors LLC now owns 45,699 shares of the real estate investment trust’s stock worth $1,155,000 after purchasing an additional 2,425 shares in the last quarter. Thrivent Financial For Lutherans raised its holdings in Getty Realty Corporation by 7.0% in the first quarter. Thrivent Financial For Lutherans now owns 15,211 shares of the real estate investment trust’s stock worth $384,000 after purchasing an additional 990 shares in the last quarter. Vanguard Group Inc. raised its holdings in Getty Realty Corporation by 2.3% in the first quarter. Vanguard Group Inc. now owns 4,573,925 shares of the real estate investment trust’s stock worth $115,582,000 after purchasing an additional 103,383 shares in the last quarter. Geode Capital Management LLC raised its holdings in Getty Realty Corporation by 2.8% in the first quarter. Geode Capital Management LLC now owns 228,888 shares of the real estate investment trust’s stock worth $5,783,000 after purchasing an additional 6,210 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Getty Realty Corporation by 5.0% in the first quarter. Dimensional Fund Advisors LP now owns 389,468 shares of the real estate investment trust’s stock worth $9,842,000 after purchasing an additional 18,464 shares in the last quarter. Institutional investors and hedge funds own 54.70% of the company’s stock.
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Shares of Getty Realty Corporation (NYSE:GTY) opened at $28.30 on Monday. Getty Realty Corporation has a 52 week low of $22.91 and a 52 week high of $29.89. The company has a market capitalization of $1,120.96, a price-to-earnings ratio of 15.81, a P/E/G ratio of 6.17 and a beta of 0.56. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.58.
Getty Realty Corporation (NYSE:GTY) last announced its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.21). Getty Realty Corporation had a return on equity of 9.62% and a net margin of 36.66%. The business had revenue of $29.50 million during the quarter, compared to analysts’ expectations of $27.35 million. During the same period in the previous year, the business earned $0.47 EPS. The business’s revenue was up 3.5% compared to the same quarter last year. analysts expect that Getty Realty Corporation will post 1.97 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Thursday, December 21st will be issued a $0.32 dividend. This is an increase from Getty Realty Corporation’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $1.28 dividend on an annualized basis and a yield of 4.52%. Getty Realty Corporation’s dividend payout ratio is 94.12%.
Getty Realty Corporation Company Profile
Getty Realty Corp. is a real estate investment trust (REIT). The Company specializes in the ownership, leasing and financing of convenience store and gasoline station properties. As of June 30, 2017, the Company’s 825 properties were located in 26 states across the United States and Washington, District of Columbia.
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