Brokerages Set Getty Realty Corporation (NYSE:GTY) PT at $31.25

Getty Realty Corporation (NYSE:GTY) has earned an average rating of “Hold” from the five research firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $31.25.

Several equities analysts have weighed in on GTY shares. Janney Montgomery Scott assumed coverage on Getty Realty in a research report on Thursday, October 16th. They set a “buy” rating and a $30.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Getty Realty in a research note on Thursday.

Getty Realty Stock Performance

Shares of GTY opened at $29.23 on Friday. Getty Realty has a 12-month low of $25.39 and a 12-month high of $32.17. The stock has a market cap of $1.69 billion, a P/E ratio of 22.84, a PEG ratio of 2.68 and a beta of 0.85. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.93. The company has a 50-day moving average of $28.46 and a two-hundred day moving average of $27.93.

Institutional Investors Weigh In On Getty Realty

Hedge funds and other institutional investors have recently modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new position in shares of Getty Realty during the third quarter valued at approximately $27,000. Newbridge Financial Services Group Inc. acquired a new position in Getty Realty in the 4th quarter valued at $29,000. Advisors Asset Management Inc. acquired a new position in Getty Realty in the 1st quarter valued at $31,000. EverSource Wealth Advisors LLC lifted its stake in shares of Getty Realty by 3,996.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,159 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Getty Realty by 288.6% during the third quarter. Farther Finance Advisors LLC now owns 1,364 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,013 shares during the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

About Getty Realty

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company’s portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.