Getty Realty (NYSE:GTY) PT Raised to $33.00 at JMP Securities

Getty Realty (NYSE:GTY) had its price target boosted by JMP Securities from $31.50 to $33.00 in a research report released on Thursday, Benzinga reports. JMP Securities currently has a market outperform rating on the real estate investment trust’s stock.

Separately, StockNews.com raised Getty Realty from a sell rating to a hold rating in a research report on Monday, April 22nd.

Getty Realty Stock Down 0.3 %

Getty Realty stock opened at $31.68 on Thursday. Getty Realty has a twelve month low of $25.70 and a twelve month high of $34.38. The stock has a 50 day moving average of $27.79 and a two-hundred day moving average of $27.45. The company has a current ratio of 3.22, a quick ratio of 3.37 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 27.08 and a beta of 0.90.

Getty Realty (NYSE:GTY) last posted its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). Getty Realty had a return on equity of 6.98% and a net margin of 33.49%. The company had revenue of $49.94 million for the quarter, compared to analyst estimates of $48.51 million. During the same period in the previous year, the business posted $0.56 earnings per share. As a group, research analysts expect that Getty Realty will post 2.31 earnings per share for the current year.

Getty Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.80 annualized dividend and a dividend yield of 5.68%. Getty Realty’s dividend payout ratio is currently 153.85%.

Institutional Trading of Getty Realty

Hedge funds have recently modified their holdings of the business. Baystate Wealth Management LLC acquired a new stake in shares of Getty Realty in the 4th quarter valued at approximately $29,000. Quadrant Capital Group LLC raised its holdings in Getty Realty by 67.6% during the fourth quarter. Quadrant Capital Group LLC now owns 2,836 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 1,144 shares during the last quarter. SYSTM Wealth Solutions LLC raised its holdings in Getty Realty by 33.8% during the first quarter. SYSTM Wealth Solutions LLC now owns 3,195 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 807 shares during the last quarter. Rocky Mountain Advisers LLC acquired a new position in Getty Realty during the fourth quarter worth $105,000. Finally, Van ECK Associates Corp raised its holdings in Getty Realty by 27.4% during the fourth quarter. Van ECK Associates Corp now owns 6,690 shares of the real estate investment trust’s stock worth $195,000 after purchasing an additional 1,440 shares during the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Getty Realty Company Profile