Getty Realty (NYSE:GTY) Shares Gap Down to $31.51

Getty Realty Corp. (NYSE:GTY) gapped down prior to trading on Tuesday . The stock had previously closed at $31.51, but opened at $30.15. Getty Realty shares last traded at $29.78, with a volume of 747,861 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GTY. StockNews.com raised shares of Getty Realty from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. JMP Securities boosted their price objective on shares of Getty Realty from $31.50 to $33.00 and gave the company a “market outperform” rating in a research note on Thursday, July 25th.

Getty Realty Trading Down 5.5 %

The firm’s 50 day moving average is $27.85 and its 200 day moving average is $27.47. The company has a market cap of $1.61 billion, a PE ratio of 25.45 and a beta of 0.90. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.22 and a quick ratio of 3.22.

Getty Realty (NYSE:GTY) last issued its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.27). The firm had revenue of $49.94 million for the quarter, compared to analysts’ expectations of $48.51 million. Getty Realty had a net margin of 33.49% and a return on equity of 6.98%. During the same period in the prior year, the firm posted $0.56 EPS. On average, equities analysts anticipate that Getty Realty Corp. will post 2.31 earnings per share for the current year.

Getty Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th will be paid a $0.45 dividend. The ex-dividend date is Thursday, September 26th. This represents a $1.80 dividend on an annualized basis and a yield of 6.04%. Getty Realty’s dividend payout ratio is presently 153.85%.

Hedge Funds Weigh In On Getty Realty

A number of hedge funds and other institutional investors have recently bought and sold shares of GTY. State of Alaska Department of Revenue grew its stake in Getty Realty by 4.3% in the 4th quarter. State of Alaska Department of Revenue now owns 51,952 shares of the real estate investment trust’s stock worth $1,517,000 after buying an additional 2,125 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Getty Realty by 16.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 145,589 shares of the real estate investment trust’s stock valued at $4,307,000 after purchasing an additional 21,005 shares in the last quarter. New York State Teachers Retirement System boosted its stake in shares of Getty Realty by 0.8% in the 4th quarter. New York State Teachers Retirement System now owns 46,730 shares of the real estate investment trust’s stock valued at $1,365,000 after purchasing an additional 367 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Getty Realty by 2.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,378 shares of the real estate investment trust’s stock valued at $625,000 after purchasing an additional 571 shares in the last quarter. Finally, Rocky Mountain Advisers LLC purchased a new stake in shares of Getty Realty in the 4th quarter valued at $105,000. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Getty Realty Company Profile