Getty Realty (NYSE:GTY) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Getty Realty Corporation (NYSE:GTY) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $29.35 and traded as high as $32.70. Getty Realty shares last traded at $32.5770, with a volume of 486,520 shares trading hands.

Wall Street Analyst Weigh In

GTY has been the topic of a number of research reports. Royal Bank Of Canada boosted their price objective on Getty Realty from $30.00 to $33.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 17th. UBS Group boosted their price objective on Getty Realty from $29.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, March 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Getty Realty in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Getty Realty currently has a consensus rating of “Hold” and a consensus target price of $32.20.

Getty Realty Stock Up 0.3%

The business has a 50-day simple moving average of $32.13 and a two-hundred day simple moving average of $29.35. The stock has a market capitalization of $1.95 billion, a P/E ratio of 24.31, a PEG ratio of 2.41 and a beta of 0.81. 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 announced its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Getty Realty had a return on equity of 7.86% and a net margin of 35.72%.The firm had revenue of $60.55 million for the quarter, compared to analysts’ expectations of $55.94 million. Getty Realty’s revenue for the quarter was up 14.2% compared to the same quarter last year. Equities research analysts forecast that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The firm 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. This represents a $1.94 annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Thursday, March 26th. Getty Realty’s dividend payout ratio is presently 144.78%.

Institutional Trading of Getty Realty

Several large investors have recently made changes to their positions in GTY. Schonfeld Strategic Advisors LLC grew its holdings in shares of Getty Realty by 2,308.6% during the third quarter. Schonfeld Strategic Advisors LLC now owns 457,536 shares of the real estate investment trust’s stock worth $12,276,000 after purchasing an additional 438,540 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Getty Realty by 164.7% during the fourth quarter. Marshall Wace LLP now owns 637,865 shares of the real estate investment trust’s stock worth $17,458,000 after purchasing an additional 396,897 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Getty Realty by 42.3% during the third quarter. Millennium Management LLC now owns 1,142,413 shares of the real estate investment trust’s stock worth $30,651,000 after purchasing an additional 339,388 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC grew its holdings in shares of Getty Realty by 58.8% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 802,660 shares of the real estate investment trust’s stock worth $21,969,000 after purchasing an additional 297,229 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Getty Realty by 419.7% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 286,923 shares of the real estate investment trust’s stock valued at $7,698,000 after acquiring an additional 231,714 shares during the period. Institutional investors own 85.11% of the company’s stock.

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.