Getty Realty Corporation (NYSE:GTY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

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. “

Several other equities research analysts have also commented on the company. Bank of America Corporation assumed coverage on Getty Realty Corporation in a research report on Wednesday, September 6th. They set a “buy” rating and a $30.00 target price on the stock. ValuEngine upgraded Getty Realty Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub upgraded Getty Realty Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, Canaccord Genuity assumed coverage on Getty Realty Corporation in a report on Tuesday, July 18th. They issued a “buy” rating and a $32.00 price target on the stock. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Getty Realty Corporation has a consensus rating of “Hold” and a consensus price target of $28.75.

Shares of Getty Realty Corporation (GTY) remained flat at $$28.12 during trading on Monday. 154,000 shares of the stock traded hands, compared to its average volume of 207,870. Getty Realty Corporation has a fifty-two week low of $22.08 and a fifty-two week high of $29.89. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.58. The company has a market cap of $1,113.83, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 4.81 and a beta of 0.56.

Getty Realty Corporation (NYSE:GTY) last announced its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.21). Getty Realty Corporation had a net margin of 36.66% and a return on equity of 9.62%. The business had revenue of $29.50 million for the quarter, compared to the consensus estimate of $27.35 million. During the same quarter in the previous year, the company earned $0.47 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. equities analysts predict that Getty Realty Corporation will post 1.97 EPS for the current year.

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A number of large investors have recently made changes to their positions in the business. OxFORD Asset Management LLP bought a new position in Getty Realty Corporation in the third quarter worth approximately $1,487,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in Getty Realty Corporation by 8.5% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 48,388 shares of the real estate investment trust’s stock worth $1,384,000 after acquiring an additional 3,800 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Getty Realty Corporation by 7.4% in the third quarter. Dimensional Fund Advisors LP now owns 432,814 shares of the real estate investment trust’s stock worth $12,383,000 after acquiring an additional 29,991 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Getty Realty Corporation by 13.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 142,464 shares of the real estate investment trust’s stock worth $4,076,000 after acquiring an additional 16,956 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Getty Realty Corporation by 182.1% in the third quarter. Wells Fargo & Company MN now owns 123,151 shares of the real estate investment trust’s stock worth $3,524,000 after acquiring an additional 79,491 shares in the last quarter. Institutional investors and hedge funds own 52.28% of the company’s stock.

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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