Getty Realty Corp. (GTY) Receives $30.33 Consensus Target Price from Analysts

Getty Realty Corp. (NYSE:GTY) has been given a consensus rating of “Buy” by the six analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $30.33.

GTY has been the topic of several recent research reports. ValuEngine upgraded Getty Realty from a “hold” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research lowered Getty Realty from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vident Investment Advisory LLC bought a new position in Getty Realty during the 2nd quarter worth approximately $206,000. Piedmont Investment Advisors LLC purchased a new stake in Getty Realty in the 2nd quarter worth approximately $216,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Getty Realty by 168.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,130 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 5,100 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Getty Realty in the 3rd quarter worth approximately $229,000. Finally, PNC Financial Services Group Inc. lifted its holdings in Getty Realty by 60.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,036 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 3,014 shares during the period. Institutional investors and hedge funds own 64.56% of the company’s stock.

Shares of Getty Realty stock opened at $29.46 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 1.46. Getty Realty has a 12 month low of $22.68 and a 12 month high of $29.78. The stock has a market cap of $1.19 billion, a PE ratio of 17.12, a PEG ratio of 12.12 and a beta of 0.48.

Getty Realty (NYSE:GTY) last posted its quarterly earnings results on Wednesday, October 24th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.21). Getty Realty had a return on equity of 8.61% and a net margin of 35.21%. The company had revenue of $29.57 million for the quarter, compared to the consensus estimate of $29.50 million. Research analysts forecast that Getty Realty will post 1.8 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 4th. Investors of record on Thursday, December 20th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 4.75%. This is a positive change from Getty Realty’s previous quarterly dividend of $0.32. The ex-dividend date is Wednesday, December 19th. Getty Realty’s dividend payout ratio (DPR) is presently 77.11%.

About Getty Realty

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