Getty Realty Corporation (NYSE:GTY) Receives $32.20 Consensus Price Target from Brokerages

Getty Realty Corporation (NYSE:GTY) has been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $32.20.

Several equities analysts recently issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of Getty Realty from $30.00 to $33.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. UBS Group raised their price objective on shares of Getty Realty from $29.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, March 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Getty Realty in a research note on Thursday, January 22nd.

Getty Realty Stock Performance

Getty Realty stock opened at $33.79 on Friday. The firm has a market capitalization of $2.02 billion, a P/E ratio of 25.21, a P/E/G ratio of 2.50 and a beta of 0.82. The stock has a fifty day moving average price of $31.27 and a two-hundred day moving average price of $28.95. Getty Realty has a 52-week low of $25.39 and a 52-week high of $34.14. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.20 and a quick ratio of 2.20.

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 the consensus estimate of $0.62 by $0.01. Getty Realty had a net margin of 35.72% and a return on equity of 7.86%. The company had revenue of $60.55 million for the quarter, compared to the consensus estimate of $55.94 million. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. As a group, analysts anticipate that Getty Realty will post 2.29 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 26th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Thursday, March 26th. Getty Realty’s dividend payout ratio (DPR) is currently 144.78%.

Hedge Funds Weigh In On Getty Realty

Institutional investors and hedge funds have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd bought a new stake in shares of Getty Realty during the third quarter worth $27,000. Newbridge Financial Services Group Inc. bought a new position in shares of Getty Realty in the fourth quarter valued at about $29,000. Advisors Asset Management Inc. bought a new position in shares of Getty Realty in the first quarter valued at about $31,000. EverSource Wealth Advisors LLC lifted its position in Getty Realty by 3,996.6% during the 2nd 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, Farther Finance Advisors LLC grew its holdings in Getty Realty by 288.6% during the 3rd 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 during the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

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.