Getty Realty (NYSE:GTY) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Getty Realty (NYSE:GTY) from a hold rating to a sell rating in a report issued on Saturday morning.

Separately, JMP Securities reaffirmed a market outperform rating and issued a $33.00 target price on shares of Getty Realty in a research report on Monday, March 25th.

Getty Realty Price Performance

Shares of Getty Realty stock opened at $26.11 on Friday. Getty Realty has a 52-week low of $25.90 and a 52-week high of $35.56. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 22.70 and a beta of 0.89. The company has a fifty day moving average of $26.94 and a 200-day moving average of $27.85. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.73 and a current ratio of 3.73.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). The business had revenue of $45.62 million during the quarter, compared to analysts’ expectations of $47.19 million. Getty Realty had a net margin of 32.37% and a return on equity of 6.72%. Equities research analysts expect that Getty Realty will post 2.31 EPS for the current year.

Getty Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a $0.45 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.80 annualized dividend and a dividend yield of 6.89%. Getty Realty’s dividend payout ratio is 156.52%.

Institutional Investors Weigh In On Getty Realty

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Getty Realty by 13.9% in the 2nd quarter. BlackRock Inc. now owns 8,302,756 shares of the real estate investment trust’s stock worth $280,799,000 after acquiring an additional 1,010,932 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Getty Realty by 34.4% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,718,000 shares of the real estate investment trust’s stock worth $133,960,000 after acquiring an additional 951,649 shares in the last quarter. State Street Corp increased its stake in shares of Getty Realty by 23.0% in the 1st quarter. State Street Corp now owns 3,424,150 shares of the real estate investment trust’s stock worth $124,802,000 after acquiring an additional 639,883 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Getty Realty by 320.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 544,680 shares of the real estate investment trust’s stock worth $5,534,000 after acquiring an additional 415,272 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Getty Realty in the 4th quarter worth about $12,017,000. 85.11% of the stock is owned by hedge funds and other institutional investors.

About Getty Realty