Getty Realty Corporation (NYSE:GTY) Given Average Recommendation of “Hold” by Analysts

Shares of Getty Realty Corporation (NYSE:GTY) have received an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $31.60.

Several brokerages have issued reports on GTY. Royal Bank Of Canada raised their price objective on shares of Getty Realty from $30.00 to $33.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Getty Realty in a research note on Thursday, January 22nd.

Getty Realty Stock Performance

Shares of NYSE GTY opened at $33.86 on Wednesday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $2.03 billion, a P/E ratio of 25.27, a P/E/G ratio of 3.08 and a beta of 0.84. Getty Realty has a 12 month low of $25.39 and a 12 month high of $34.02. The stock has a 50 day moving average of $29.33 and a 200-day moving average of $28.32.

Getty Realty (NYSE:GTY) last issued its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01. The company had revenue of $60.55 million for the quarter, compared to analyst estimates of $55.94 million. Getty Realty had a net margin of 35.72% and a return on equity of 7.86%. The firm’s revenue was up 14.2% compared to the same quarter last year. As a group, equities research analysts predict that Getty Realty will post 2.29 EPS for the current year.

Getty Realty Announces Dividend

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 issued a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.7%. Getty Realty’s dividend payout ratio (DPR) is currently 144.78%.

Hedge Funds Weigh In On Getty Realty

A number of hedge funds have recently bought and sold shares of the business. Advisors Asset Management Inc. bought a new stake in Getty Realty in the 1st quarter valued at about $31,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Getty Realty in the third quarter valued at approximately $27,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Getty Realty in the fourth quarter valued at approximately $29,000. EverSource Wealth Advisors LLC grew its position in 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 buying an additional 1,159 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Getty Realty during the second quarter worth approximately $38,000. 85.11% of the stock is owned by institutional investors.

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.