Getty Realty (NYSE:GTY) Research Coverage Started at UBS Group

UBS Group began coverage on shares of Getty Realty (NYSE:GTY) in a research note published on Friday morning, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $32.00 target price on the real estate investment trust’s stock.

A number of other research analysts have also recently commented on the company. KeyCorp raised Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price target on the stock in a report on Tuesday, December 17th. JMP Securities reissued a “market outperform” rating and issued a $34.00 target price on shares of Getty Realty in a report on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.60.

Getty Realty Price Performance

NYSE GTY opened at $30.64 on Friday. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.94. Getty Realty has a 12 month low of $25.70 and a 12 month high of $33.85. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 24.32 and a beta of 0.91. The company’s 50 day moving average is $30.80 and its two-hundred day moving average is $31.27.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate of $0.31 by $0.29. Getty Realty had a net margin of 34.94% and a return on equity of 7.43%. As a group, research analysts anticipate that Getty Realty will post 2.29 earnings per share for the current year.

Getty Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date is Thursday, March 27th. Getty Realty’s payout ratio is 149.21%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. GF Fund Management CO. LTD. purchased a new stake in Getty Realty during the fourth quarter valued at $28,000. Fifth Third Bancorp increased its holdings in shares of Getty Realty by 923.7% in the 4th quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 1,210 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Getty Realty by 715.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 1,216 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Getty Realty by 66.2% in the 4th quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 592 shares during the last quarter. Finally, Loomis Sayles & Co. L P bought a new position in shares of Getty Realty in the 4th quarter valued at about $45,000. 85.11% of the stock is currently owned by institutional investors.

About Getty Realty