Getty Realty (NYSE:GTY) Lowered to “Sell” at StockNews.com

Getty Realty (NYSE:GTY) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Separately, JMP Securities reissued a “market outperform” rating and set a $33.00 price target on shares of Getty Realty in a research note on Monday, March 25th.

Getty Realty Price Performance

Shares of NYSE:GTY opened at $26.48 on Friday. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 23.03 and a beta of 0.89. The firm has a fifty day moving average price of $26.95 and a 200 day moving average price of $27.85. Getty Realty has a fifty-two week low of $25.90 and a fifty-two week high of $35.56. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.73 and a current ratio of 3.73.

Getty Realty (NYSE:GTY) last released its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.27). The company had revenue of $45.62 million for the quarter, compared to the consensus estimate of $47.19 million. Getty Realty had a net margin of 32.37% and a return on equity of 6.72%. As a group, sell-side analysts expect that Getty Realty will post 2.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GTY. Bank of New York Mellon Corp increased its stake in Getty Realty by 1.4% during the first quarter. Bank of New York Mellon Corp now owns 585,653 shares of the real estate investment trust’s stock worth $16,762,000 after acquiring an additional 7,892 shares during the last quarter. HighTower Advisors LLC increased its position in shares of Getty Realty by 7.7% during the 1st quarter. HighTower Advisors LLC now owns 15,914 shares of the real estate investment trust’s stock valued at $456,000 after purchasing an additional 1,133 shares during the last quarter. MetLife Investment Management LLC raised its holdings in Getty Realty by 56.8% during the 1st quarter. MetLife Investment Management LLC now owns 22,011 shares of the real estate investment trust’s stock valued at $630,000 after buying an additional 7,969 shares during the period. Rhumbline Advisers raised its holdings in Getty Realty by 36.8% during the 1st quarter. Rhumbline Advisers now owns 155,688 shares of the real estate investment trust’s stock valued at $4,456,000 after buying an additional 41,905 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Getty Realty by 14.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 34,008 shares of the real estate investment trust’s stock worth $973,000 after buying an additional 4,193 shares during the last quarter. Institutional investors own 85.11% of the company’s stock.

About Getty Realty