Shares of Getty Realty Corp. (NYSE:GTY) have been assigned an average broker rating score of 4.00 (Sell) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell recommendation and one has issued a hold recommendation on the company.
Brokerages have set a 12-month consensus price target of $16.00 for the company and are expecting that the company will post $0.41 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Getty Realty Corp. an industry rank of 92 out of 265 based on the ratings given to its competitors.
Separately, JMP Securities initiated coverage on shares of Getty Realty Corp. in a research note on Friday, June 17th. They issued a “market perform” rating on the stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of GTY. Vanguard Group Inc. increased its position in Getty Realty Corp. by 5.1% in the second quarter. Vanguard Group Inc. now owns 4,445,876 shares of the real estate investment trust’s stock valued at $95,364,000 after buying an additional 217,164 shares in the last quarter. BlackRock Fund Advisors increased its position in Getty Realty Corp. by 5.0% in the second quarter. BlackRock Fund Advisors now owns 1,739,671 shares of the real estate investment trust’s stock valued at $37,316,000 after buying an additional 82,943 shares in the last quarter. Ingalls & Snyder LLC bought a new position in Getty Realty Corp. during the second quarter valued at approximately $27,261,000. BlackRock Institutional Trust Company N.A. increased its position in Getty Realty Corp. by 2.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,148,343 shares of the real estate investment trust’s stock valued at $22,772,000 after buying an additional 26,764 shares in the last quarter. Finally, LSV Asset Management increased its position in Getty Realty Corp. by 21.8% in the second quarter. LSV Asset Management now owns 799,553 shares of the real estate investment trust’s stock valued at $17,150,000 after buying an additional 143,128 shares in the last quarter. 54.23% of the stock is currently owned by institutional investors.
Shares of Getty Realty Corp. (NYSE:GTY) opened at 22.52 on Tuesday. Getty Realty Corp. has a 12-month low of $15.67 and a 12-month high of $24.33. The firm has a market cap of $760.05 million, a price-to-earnings ratio of 15.86 and a beta of 0.63. The company has a 50 day moving average of $23.44 and a 200-day moving average of $21.79.
Getty Realty Corp. (NYSE:GTY) last announced its earnings results on Thursday, August 4th. The real estate investment trust reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.07. Getty Realty Corp. had a net margin of 41.27% and a return on equity of 12.31%. During the same period in the prior year, the company earned $0.55 EPS. Analysts predict that Getty Realty Corp. will post $1.53 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 6th. Investors of record on Thursday, September 22nd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.44%. The ex-dividend date was Tuesday, September 20th. Getty Realty Corp.’s dividend payout ratio is presently 69.93%.
About Getty Realty Corp.
Getty Realty Corp. is a real estate investment trust. The Company is engaged in the ownership, leasing and financing of convenience store and gasoline station properties. It owns and leases approximately 850 properties that are located in over 20 states across the United States and Washington, District of Columbia.
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