Getty Realty (NYSE:GTY) Price Target Raised to $33.00 at UBS Group

Getty Realty (NYSE:GTY) had its target price hoisted by UBS Group from $29.00 to $33.00 in a report issued on Monday,Benzinga reports. UBS Group currently has a neutral rating on the real estate investment trust’s stock.

Other research analysts have also issued reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of Getty Realty in a research report on Thursday, January 22nd. Royal Bank Of Canada boosted their price objective on Getty Realty from $30.00 to $33.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 17th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Getty Realty has an average rating of “Hold” and an average target price of $32.20.

Getty Realty Price Performance

GTY opened at $33.41 on Monday. Getty Realty has a 52-week low of $25.39 and a 52-week high of $34.02. The company has a 50 day moving average of $30.58 and a two-hundred day moving average of $28.75. The company has a market cap of $2.00 billion, a P/E ratio of 24.93, a P/E/G ratio of 2.45 and a beta of 0.82. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.93.

Getty Realty (NYSE:GTY) last issued its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The business had revenue of $60.55 million for the quarter, compared to the consensus estimate of $55.94 million. Getty Realty had a net margin of 35.72% and a return on equity of 7.86%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. On average, analysts expect that Getty Realty will post 2.29 earnings per share for the current year.

Getty Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 26th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Thursday, March 26th. Getty Realty’s payout ratio is presently 144.78%.

Institutional Investors Weigh In On Getty Realty

Large investors have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new position in Getty Realty in the 3rd quarter worth $27,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Getty Realty during the fourth quarter valued at about $29,000. Advisors Asset Management Inc. purchased a new stake in shares of Getty Realty during the first quarter worth about $31,000. EverSource Wealth Advisors LLC increased its position in shares of Getty Realty by 3,996.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,159 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Getty Realty by 288.6% in the third quarter. Farther Finance Advisors LLC now owns 1,364 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 1,013 shares in the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Getty Realty Company Profile

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company’s portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.