Zacks Investment Research upgraded shares of Getty Realty (NYSE:GTY) from a strong sell rating to a hold rating in a report published on Wednesday.

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 began coverage on Getty Realty in a research note on Tuesday, December 12th. They set a sector weight rating on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Getty Realty currently has a consensus rating of Buy and an average target price of $28.75.

Getty Realty (GTY) traded down $0.11 during mid-day trading on Wednesday, reaching $25.58. The company’s stock had a trading volume of 113,143 shares, compared to its average volume of 165,293. Getty Realty has a 1 year low of $22.91 and a 1 year high of $29.89. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market capitalization of $1,020.00, a P/E ratio of 22.05, a PEG ratio of 6.03 and a beta of 0.54.

Getty Realty (NYSE:GTY) last issued its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.21). The company had revenue of $29.50 million during the quarter, compared to analysts’ expectations of $27.35 million. Getty Realty had a return on equity of 9.62% and a net margin of 36.66%. Getty Realty’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 EPS. equities analysts predict that Getty Realty will post 1.95 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Thursday, December 21st were paid a dividend of $0.32 per share. The ex-dividend date was Wednesday, December 20th. This represents a $1.28 annualized dividend and a yield of 5.00%. This is a boost from Getty Realty’s previous quarterly dividend of $0.28. Getty Realty’s dividend payout ratio is presently 110.34%.

Several institutional investors have recently made changes to their positions in GTY. SG Americas Securities LLC acquired a new stake in shares of Getty Realty during the 3rd quarter worth approximately $158,000. D.A. Davidson & CO. increased 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 valued at $194,000 after acquiring an additional 180 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in Getty Realty in the 3rd quarter valued at approximately $204,000. Nine Chapters Capital Management LLC acquired a new stake in Getty Realty in the 3rd quarter valued at approximately $235,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Getty Realty in the 3rd quarter valued at approximately $255,000. Institutional investors and hedge funds own 61.16% 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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