Getty Realty Corp. (NYSE:GTY) Receives $33.60 Average Target Price from Brokerages

Getty Realty Corp. (NYSE:GTY - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the five ratings firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $33.60.

Several brokerages have issued reports on GTY. UBS Group started coverage on shares of Getty Realty in a research report on Friday. They set a "neutral" rating and a $32.00 price objective on the stock. JMP Securities reiterated a "market outperform" rating and issued a $34.00 target price on shares of Getty Realty in a research note on Friday, January 10th. Finally, KeyCorp upgraded Getty Realty from a "sector weight" rating to an "overweight" rating and set a $35.00 price target for the company in a research note on Tuesday, December 17th.

Getty Realty Stock Down 0.0 %

Shares of NYSE GTY traded down $0.01 during mid-day trading on Friday, reaching $31.17. The company had a trading volume of 93,665 shares, compared to its average volume of 297,091. Getty Realty has a 52-week low of $25.70 and a 52-week high of $33.85. The stock has a market cap of $1.72 billion, a P/E ratio of 24.72 and a beta of 0.91. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.94. The firm has a 50 day simple moving average of $30.81 and a two-hundred day simple moving average of $31.27.

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Getty Realty (NYSE:GTY - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.29. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. Sell-side analysts predict that Getty Realty will post 2.29 earnings per share for the current year.

Getty Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.03%. Getty Realty's payout ratio is 149.21%.

Institutional Investors Weigh In On Getty Realty

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Getty Realty by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 7,863,821 shares of the real estate investment trust's stock valued at $236,937,000 after buying an additional 48,491 shares in the last quarter. State Street Corp boosted its stake in shares of Getty Realty by 4.6% in the third quarter. State Street Corp now owns 3,920,520 shares of the real estate investment trust's stock valued at $126,411,000 after purchasing an additional 172,631 shares during the period. Geode Capital Management LLC grew its holdings in Getty Realty by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,297,268 shares of the real estate investment trust's stock valued at $39,095,000 after purchasing an additional 17,618 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Getty Realty by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 777,330 shares of the real estate investment trust's stock worth $24,727,000 after buying an additional 11,742 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Getty Realty by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 751,412 shares of the real estate investment trust's stock worth $22,640,000 after buying an additional 10,552 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.

About Getty Realty