Getty Realty Corporation (NYSE:GTY) Given Consensus Rating of “Hold” by Brokerages

Getty Realty Corporation (NYSE:GTY) has been assigned an average recommendation of “Hold” from the six analysts that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $31.60.

Several research firms have commented on GTY. Royal Bank Of Canada raised their target price on shares of Getty Realty from $30.00 to $33.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Getty Realty in a report on Thursday, January 22nd.

Institutional Trading of Getty Realty

Institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. boosted its stake in Getty Realty by 7.2% during the second quarter. Ameritas Investment Partners Inc. now owns 5,300 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 356 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Getty Realty by 26.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,724 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 360 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Getty Realty by 3.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,160 shares of the real estate investment trust’s stock valued at $333,000 after purchasing an additional 400 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Getty Realty by 36.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,572 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 418 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in shares of Getty Realty by 1.2% in the 3rd quarter. Teacher Retirement System of Texas now owns 37,714 shares of the real estate investment trust’s stock worth $1,012,000 after purchasing an additional 450 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Stock Up 0.8%

GTY opened at $32.59 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.20 and a quick ratio of 2.20. Getty Realty has a 12 month low of $25.39 and a 12 month high of $34.02. The stock’s 50 day moving average price is $29.67 and its 200 day moving average price is $28.45. The stock has a market cap of $1.95 billion, a P/E ratio of 24.32, a P/E/G ratio of 2.41 and a beta of 0.84.

Getty Realty (NYSE:GTY) last released its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. Getty Realty had a return on equity of 7.86% and a net margin of 35.72%.The company had revenue of $60.55 million during the quarter, compared to analysts’ expectations of $55.94 million. The company’s revenue was up 14.2% on a year-over-year basis. As a group, research analysts predict that Getty Realty will post 2.29 earnings per share for the current year.

Getty Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 26th will be paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Thursday, March 26th. Getty Realty’s dividend payout ratio (DPR) is presently 144.78%.

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.