Getty Realty (NYSE:GTY) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Getty Realty (NYSE:GTY) from a hold rating to a sell rating in a report published on Saturday.

Separately, JMP Securities restated a market outperform rating and set a $33.00 price objective on shares of Getty Realty in a research note on Monday, March 25th.

Getty Realty Stock Performance

Getty Realty stock opened at $26.11 on Friday. The stock’s 50-day moving average is $26.94 and its 200-day moving average is $27.85. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 22.70 and a beta of 0.89. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.73 and a quick ratio of 3.73. Getty Realty has a 12 month low of $25.90 and a 12 month high of $35.56.

Getty Realty (NYSE:GTY) last announced its earnings results on Wednesday, February 14th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.27). The company had revenue of $45.62 million for the quarter, compared to analysts’ expectations of $47.19 million. Getty Realty had a net margin of 32.37% and a return on equity of 6.72%. Equities analysts anticipate that Getty Realty will post 2.31 earnings per share for the current year.

Getty Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.80 dividend on an annualized basis and a yield of 6.89%. Getty Realty’s dividend payout ratio is currently 156.52%.

Institutional Trading of Getty Realty

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in Getty Realty by 13.9% during the 2nd quarter. BlackRock Inc. now owns 8,302,756 shares of the real estate investment trust’s stock valued at $280,799,000 after acquiring an additional 1,010,932 shares in the last quarter. Vanguard Group Inc. raised its position in Getty Realty by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 7,516,139 shares of the real estate investment trust’s stock valued at $219,622,000 after buying an additional 220,049 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in Getty Realty by 34.4% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,718,000 shares of the real estate investment trust’s stock valued at $133,960,000 after buying an additional 951,649 shares during the period. Finally, State Street Corp raised its position in Getty Realty by 0.5% during the second quarter. State Street Corp now owns 3,440,388 shares of the real estate investment trust’s stock valued at $117,779,000 after buying an additional 16,238 shares during the period. Institutional investors own 85.11% of the company’s stock.

Getty Realty Company Profile