Zacks Investment Research upgraded shares of Getty Realty (NYSE:GTY) from a strong sell rating to a hold rating in a report issued on Wednesday, January 10th.
According to Zacks, “Getty Realty Corp. is a real estate investment trust engaged in the ownership, leasing and financing of retail motor fuel and convenience store properties and petroleum distribution terminals in the United States. The company’s properties are leased or sublet to distributors and retailers engaged in the sale of gasoline and various motor fuel products, convenience store products, and automotive repair services. Getty’s properties are operated under a variety of brands including Getty, BP, Exxon, Mobil, Shell, Chevron, Valero, Fina and Aloha. It is also a marketer of heating oil in Pennsylvania and Maryland. Getty Realty Corp. is headquartered in Jericho, New York. “
Separately, KeyCorp started coverage on shares of Getty Realty in a research report on Tuesday, December 12th. They set a sector weight rating for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $28.75.
Shares of Getty Realty (GTY) traded down $0.12 on Wednesday, reaching $25.43. The company’s stock had a trading volume of 129,749 shares, compared to its average volume of 140,581. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market cap of $1,012.03, a price-to-earnings ratio of 21.37, a PEG ratio of 5.83 and a beta of 0.46. Getty Realty has a 12 month low of $22.91 and a 12 month high of $29.89.
Several institutional investors have recently bought and sold shares of GTY. SG Americas Securities LLC bought a new stake in Getty Realty during the third quarter worth approximately $158,000. D.A. Davidson & CO. lifted its position in Getty Realty by 2.4% in the 2nd quarter. D.A. Davidson & CO. now owns 7,755 shares of the real estate investment trust’s stock worth $194,000 after buying an additional 180 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of Getty Realty during the 3rd quarter worth $204,000. Nine Chapters Capital Management LLC acquired a new position in shares of Getty Realty during the 3rd quarter worth $235,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Getty Realty during the 3rd quarter worth $255,000. Institutional investors and hedge funds own 62.54% of the company’s stock.
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Getty Realty 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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