Getty Realty (NYSE:GTY) Now Covered by StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Getty Realty (NYSE:GTY – Get Rating) in a report issued on Thursday. The firm set a “hold” rating on the real estate investment trust’s stock.

Several other equities analysts also recently commented on GTY. Robert W. Baird downgraded Getty Realty from an “outperform” rating to a “neutral” rating and upped their target price for the company from $33.00 to $34.00 in a research report on Thursday, January 5th. BTIG Research downgraded Getty Realty from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 1st. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $37.00 target price on shares of Getty Realty in a research report on Thursday, March 2nd. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $33.00.

Getty Realty Price Performance

Getty Realty stock opened at $35.76 on Thursday. Getty Realty has a 12 month low of $24.66 and a 12 month high of $36.49. The stock’s 50 day moving average is $35.06 and its 200-day moving average is $32.44. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 12.68 and a beta of 0.87.

Institutional Investors Weigh In On Getty Realty

A number of large investors have recently added to or reduced their stakes in the stock. Natixis bought a new stake in Getty Realty during the fourth quarter worth $42,000. Teachers Retirement System of The State of Kentucky lifted its stake in Getty Realty by 19.9% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 13,072 shares of the real estate investment trust’s stock worth $442,000 after purchasing an additional 2,169 shares during the last quarter. Truist Financial Corp bought a new stake in Getty Realty during the fourth quarter worth $1,907,000. Alliancebernstein L.P. lifted its stake in Getty Realty by 10.2% during the fourth quarter. Alliancebernstein L.P. now owns 79,249 shares of the real estate investment trust’s stock worth $2,683,000 after purchasing an additional 7,348 shares during the last quarter. Finally, CI Private Wealth LLC bought a new stake in Getty Realty during the fourth quarter worth $1,754,000. Institutional investors and hedge funds own 74.40% of the company’s stock.

About Getty Realty

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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.