Getty Realty (NYSE:GTY) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Getty Realty (NYSE:GTY) from a sell rating to a hold rating in a report issued on Monday.

Separately, JMP Securities reissued a market outperform rating and issued a $33.00 price target on shares of Getty Realty in a report on Monday, March 25th.

Getty Realty Price Performance

Shares of GTY stock opened at $27.25 on Monday. Getty Realty has a 12-month low of $25.90 and a 12-month high of $35.56. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 23.70 and a beta of 0.89. The company has a quick ratio of 3.73, a current ratio of 3.73 and a debt-to-equity ratio of 0.79. The firm has a fifty day moving average of $26.89 and a 200-day moving average of $27.82.

Getty Realty (NYSE:GTY) last announced its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.27). Getty Realty had a net margin of 32.37% and a return on equity of 6.72%. The firm had revenue of $45.62 million during the quarter, compared to analyst estimates of $47.19 million. On average, equities research analysts forecast that Getty Realty will post 2.31 earnings per share for the current year.

Getty Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.61%. The ex-dividend date was Wednesday, March 27th. Getty Realty’s dividend payout ratio (DPR) is presently 156.52%.

Hedge Funds Weigh In On Getty Realty

A number of large investors have recently added to or reduced their stakes in the company. Baystate Wealth Management LLC acquired a new position in shares of Getty Realty during the 4th quarter worth about $29,000. Quadrant Capital Group LLC increased its stake in shares of Getty Realty by 67.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,836 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 1,144 shares during the last quarter. Rocky Mountain Advisers LLC acquired a new position in shares of Getty Realty during the 4th quarter worth about $105,000. Van ECK Associates Corp increased its stake in shares of Getty Realty by 27.4% during the 4th quarter. Van ECK Associates Corp now owns 6,690 shares of the real estate investment trust’s stock worth $195,000 after purchasing an additional 1,440 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Getty Realty by 23.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,121 shares of the real estate investment trust’s stock worth $195,000 after purchasing an additional 1,362 shares during the last quarter. Institutional investors own 85.11% of the company’s stock.

Getty Realty Company Profile