Analysts Set Getty Realty Corp. (GTY) Price Target at $27.33
Shares of Getty Realty Corp. (NYSE:GTY) have received a consensus recommendation of “Buy” from the seven research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $27.33.
GTY has been the subject of a number of research reports. KeyCorp started coverage on Getty Realty in a research report on Tuesday, December 12th. They set a “sector weight” rating for the company. Zacks Investment Research upgraded Getty Realty from a “sell” rating to a “hold” rating in a report on Tuesday, November 28th. Finally, ValuEngine upgraded Getty Realty from a “hold” rating to a “buy” rating in a report on Thursday.
Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in Getty Realty during the third quarter valued at about $158,000. Piedmont Investment Advisors LLC bought a new position in Getty Realty during the third quarter valued at about $204,000. Nine Chapters Capital Management LLC bought a new position in Getty Realty during the third quarter valued at about $235,000. Cubist Systematic Strategies LLC bought a new position in Getty Realty during the third quarter valued at about $255,000. Finally, AMP Capital Investors Ltd bought a new position in Getty Realty during the fourth quarter valued at about $251,000. Institutional investors own 64.81% of the company’s stock.
Getty Realty (NYSE:GTY) last released its quarterly earnings data on Wednesday, February 28th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.12). The firm had revenue of $28.16 million for the quarter, compared to analyst estimates of $27.57 million. Getty Realty had a net margin of 39.27% and a return on equity of 9.41%. Getty Realty’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 EPS. research analysts forecast that Getty Realty will post 1.71 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 22nd will be issued a dividend of $0.32 per share. The ex-dividend date is Wednesday, March 21st. This represents a $1.28 annualized dividend and a yield of 5.23%. Getty Realty’s dividend payout ratio (DPR) is currently 100.00%.
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About Getty Realty
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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