Shares of Getty Realty Corp. (NYSE:GTY) have been given a consensus rating of “Buy” by the six ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $30.33.

A number of equities analysts have recently commented on GTY shares. ValuEngine raised shares of Getty Realty from a “hold” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research lowered shares of Getty Realty from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Finally, BTIG Research began coverage on shares of Getty Realty in a research report on Tuesday, July 24th. They set a “buy” rating and a $31.00 target price on the stock.

Shares of NYSE:GTY opened at $29.22 on Wednesday. The company has a market cap of $1.17 billion, a PE ratio of 17.60, a P/E/G ratio of 11.88 and a beta of 0.48. Getty Realty has a one year low of $22.68 and a one year high of $29.59. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 1.46.

Getty Realty (NYSE:GTY) last issued its earnings results on Wednesday, October 24th. The real estate investment trust reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.21). The company had revenue of $29.57 million for the quarter, compared to analysts’ expectations of $29.50 million. Getty Realty had a return on equity of 8.61% and a net margin of 35.21%. Sell-side analysts anticipate that Getty Realty will post 1.8 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 4th. Investors of record on Thursday, December 20th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 4.79%. This is a positive change from Getty Realty’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Wednesday, December 19th. Getty Realty’s dividend payout ratio (DPR) is presently 77.11%.

Hedge funds have recently modified their holdings of the stock. Vident Investment Advisory LLC purchased a new position in Getty Realty during the second quarter valued at approximately $206,000. Piedmont Investment Advisors LLC purchased a new position in Getty Realty during the second quarter valued at approximately $216,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Getty Realty by 168.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,130 shares of the real estate investment trust’s stock valued at $229,000 after buying an additional 5,100 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Getty Realty during the third quarter valued at approximately $229,000. Finally, PNC Financial Services Group Inc. increased its holdings in Getty Realty by 60.0% during the third quarter. PNC Financial Services Group Inc. now owns 8,036 shares of the real estate investment trust’s stock valued at $229,000 after buying an additional 3,014 shares during the period. 64.56% of the stock is currently owned by institutional investors.

Getty Realty Company Profile

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