UBS Group Lowers Getty Realty (NYSE:GTY) Price Target to $28.00

Getty Realty (NYSE:GTY) had its price objective cut by equities researchers at UBS Group from $29.00 to $28.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. UBS Group’s target price points to a potential upside of 3.25% from the company’s current price.

A number of other equities research analysts also recently weighed in on GTY. KeyCorp decreased their price target on shares of Getty Realty from $35.00 to $33.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 7th. Robert W. Baird decreased their price target on shares of Getty Realty from $33.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $32.33.

Getty Realty Trading Down 0.4%

Shares of GTY stock opened at $27.12 on Wednesday. Getty Realty has a 12 month low of $26.65 and a 12 month high of $33.85. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.94. The business’s 50 day moving average is $28.43 and its two-hundred day moving average is $29.43. The company has a market cap of $1.50 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 2.59 and a beta of 0.82.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data on Wednesday, April 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.59. The business had revenue of $52.33 million for the quarter, compared to the consensus estimate of $52.71 million. Getty Realty had a net margin of 33.44% and a return on equity of 7.21%. Equities analysts predict that Getty Realty will post 2.29 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GF Fund Management CO. LTD. bought a new position in shares of Getty Realty during the fourth quarter valued at $28,000. Advisors Asset Management Inc. bought a new position in shares of Getty Realty in the first quarter valued at about $31,000. US Bancorp DE raised its holdings in shares of Getty Realty by 52.4% in the first quarter. US Bancorp DE now owns 1,093 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 376 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Getty Realty by 111.3% in the second quarter. Signaturefd LLC now owns 1,386 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 730 shares during the last quarter. Finally, Loomis Sayles & Co. L P bought a new position in shares of Getty Realty in the fourth quarter valued at about $45,000. 85.11% of the stock is owned by institutional investors.

Getty Realty Company Profile