Getty Realty (GTY) Raised to Buy at ValuEngine
Getty Realty (NYSE:GTY) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Thursday.
Several other equities analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Getty Realty from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 10th. KeyCorp began coverage on shares of Getty Realty in a research note on Tuesday, December 12th. They issued a “sector weight” rating for the company. 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 stock. The stock has an average rating of “Buy” and an average target price of $28.75.
Getty Realty (NYSE:GTY) traded down $0.38 during midday trading on Thursday, reaching $24.49. 139,848 shares of the company’s stock traded hands, compared to its average volume of 156,217. The company has a quick ratio of 1.37, a current ratio of 1.41 and a debt-to-equity ratio of 0.68. Getty Realty has a one year low of $22.68 and a one year high of $29.89. The firm has a market capitalization of $987.24, a P/E ratio of 19.13, a PEG ratio of 6.24 and a beta of 0.55.
Several large investors have recently made changes to their positions in GTY. SG Americas Securities LLC purchased a new stake in shares of Getty Realty in the third quarter valued at about $158,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Getty Realty in the third quarter valued at about $204,000. Nine Chapters Capital Management LLC purchased a new stake in shares of Getty Realty in the third quarter valued at about $235,000. AMP Capital Investors Ltd purchased a new stake in shares of Getty Realty in the fourth quarter valued at about $251,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Getty Realty in the third quarter valued at about $255,000. 64.81% of the stock is owned by institutional investors and hedge funds.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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