Getty Realty (NYSE:GTY) Stock Crosses Above 200 Day Moving Average – What’s Next?

Getty Realty Corporation (NYSE:GTY) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $29.35 and traded as high as $32.70. Getty Realty shares last traded at $32.5770, with a volume of 486,520 shares.

Analyst Ratings Changes

GTY has been the subject of several research analyst reports. UBS Group boosted their target price on shares of Getty Realty from $29.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, March 9th. Royal Bank Of Canada boosted their price objective on shares of Getty Realty from $30.00 to $33.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Getty Realty in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $32.20.

Getty Realty Trading Up 0.5%

The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.93. The business’s 50-day moving average is $32.28 and its two-hundred day moving average is $29.42. The firm has a market cap of $1.98 billion, a P/E ratio of 24.75, a P/E/G ratio of 2.41 and a beta of 0.81.

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

Getty Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 26th will be given a $0.485 dividend. The ex-dividend date is Thursday, March 26th. This represents a $1.94 annualized dividend and a yield of 5.8%. Getty Realty’s dividend payout ratio is 144.78%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. bought a new position in Getty Realty in the 1st quarter worth about $31,000. Aster Capital Management DIFC Ltd bought a new position in Getty Realty in the 3rd quarter worth about $27,000. Newbridge Financial Services Group Inc. bought a new position in Getty Realty in the 4th quarter worth about $29,000. EverSource Wealth Advisors LLC grew its position in Getty Realty by 3,996.6% in 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 last quarter. Finally, Farther Finance Advisors LLC grew its position in Getty Realty by 288.6% in the 3rd 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. Institutional investors own 85.11% of the company’s stock.

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.