Getty Realty Corp. (NYSE:GTY) Receives Average Recommendation of “Hold” from Analysts

Shares of Getty Realty Corp. (NYSE:GTY – Get Rating) have been assigned an average recommendation of “Hold” from the eight ratings firms that are covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $33.60.

Several research firms have recently issued reports on GTY. Robert W. Baird lowered Getty Realty from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $33.00 to $34.00 in a report on Thursday, January 5th. JMP Securities reiterated a “market outperform” rating and set a $37.00 price objective on shares of Getty Realty in a research note on Thursday, March 2nd. Finally, BTIG Research lowered shares of Getty Realty from a “buy” rating to a “neutral” rating in a report on Wednesday, February 1st.

Institutional Investors Weigh In On Getty Realty

Several hedge funds have recently modified their holdings of the company. State Street Corp increased its position in Getty Realty by 17.6% in the 1st quarter. State Street Corp now owns 2,624,004 shares of the real estate investment trust’s stock valued at $76,123,000 after acquiring an additional 392,884 shares during the period. Natixis Advisors L.P. acquired a new stake in Getty Realty in the fourth quarter valued at $13,033,000. Norges Bank acquired a new stake in Getty Realty in the fourth quarter valued at $12,017,000. Cbre Investment Management Listed Real Assets LLC raised its position in Getty Realty by 66.0% during the 3rd quarter. Cbre Investment Management Listed Real Assets LLC now owns 801,602 shares of the real estate investment trust’s stock worth $21,555,000 after purchasing an additional 318,595 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Getty Realty by 1,512.6% during the 4th quarter. Wells Fargo & Company MN now owns 267,284 shares of the real estate investment trust’s stock worth $9,048,000 after buying an additional 250,709 shares during the period. Institutional investors and hedge funds own 74.40% of the company’s stock.

Getty Realty Price Performance

Shares of Getty Realty stock opened at $34.53 on Monday. Getty Realty has a twelve month low of $24.66 and a twelve month high of $36.49. The company has a 50-day simple moving average of $34.95 and a two-hundred day simple moving average of $32.34. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 12.68 and a beta of 0.87. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.91.

Getty Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 6th. Shareholders of record on Thursday, March 23rd will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, March 22nd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.98%. Getty Realty’s payout ratio is presently 91.98%.

Getty Realty Company Profile

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Getty Realty Corp. operates as a real estate investment trust. It engages in the acquisition, owning, selling, and leasing of convenience store and gas service station properties. The firm operates through the following brands: 76, BP, Citgo, Conoco, Exxon, Gulf, Mobil, Sunoco, Chevron, Global, Fas Mart, Aloha, United Oil, RaceTrac, and Valero.