Getty Realty Corporation (NYSE:GTY) Given Average Rating of “Hold” by Brokerages

Getty Realty Corporation (NYSE:GTY) has been given a consensus rating of “Hold” by the five research firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $31.25.

GTY has been the subject of a number of analyst reports. Janney Montgomery Scott initiated coverage on Getty Realty in a report on Thursday, October 16th. They set a “buy” rating and a $30.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Getty Realty in a report on Wednesday, October 8th.

Getty Realty Stock Down 0.2%

Shares of GTY opened at $29.12 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.93. The company has a 50-day moving average price of $28.45 and a two-hundred day moving average price of $27.90. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 22.75, a P/E/G ratio of 2.69 and a beta of 0.85. Getty Realty has a 12 month low of $25.39 and a 12 month high of $32.17.

Getty Realty (NYSE:GTY) last issued its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $55.59 million during the quarter, compared to analysts’ expectations of $53.19 million. Getty Realty had a return on equity of 7.60% and a net margin of 34.76%. Equities analysts predict that Getty Realty will post 2.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Getty Realty

A number of large investors have recently bought and sold shares of GTY. Amundi raised its position in Getty Realty by 12.7% in the 1st quarter. Amundi now owns 30,647 shares of the real estate investment trust’s stock valued at $930,000 after purchasing an additional 3,463 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Getty Realty in the first quarter valued at $31,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Getty Realty by 8.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 306,733 shares of the real estate investment trust’s stock valued at $9,564,000 after buying an additional 23,370 shares during the last quarter. Jane Street Group LLC lifted its position in Getty Realty by 105.8% during the 1st quarter. Jane Street Group LLC now owns 113,313 shares of the real estate investment trust’s stock worth $3,533,000 after buying an additional 58,255 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in Getty Realty by 2.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 73,136 shares of the real estate investment trust’s stock worth $2,021,000 after acquiring an additional 1,500 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors.

About Getty Realty

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.