Getty Realty (NYSE:GTY) Coverage Initiated by Analysts at UBS Group

UBS Group initiated coverage on shares of Getty Realty (NYSE:GTY - Free Report) in a report issued on Friday, MarketBeat.com reports. The firm issued a neutral rating and a $32.00 price objective on the real estate investment trust's stock.

Several other equities research analysts have also recently weighed in on GTY. JMP Securities reissued a "market outperform" rating and issued a $34.00 price objective on shares of Getty Realty in a research report on Friday, January 10th. KeyCorp upgraded Getty Realty from a "sector weight" rating to an "overweight" rating and set a $35.00 target price for the company in a research report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $33.60.

Getty Realty Stock Down 0.0 %

GTY stock traded down $0.01 during mid-day trading on Friday, hitting $31.17. The stock had a trading volume of 93,665 shares, compared to its average volume of 342,008. The company has a fifty day moving average of $30.81 and a 200 day moving average of $31.27. Getty Realty has a 1-year low of $25.70 and a 1-year high of $33.85. The stock has a market capitalization of $1.72 billion, a price-to-earnings 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.

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Getty Realty (NYSE:GTY - Get Free Report) last posted its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.29. Getty Realty had a return on equity of 7.43% and a net margin of 34.94%. On average, equities analysts expect that Getty Realty will post 2.29 EPS for the current fiscal year.

Getty Realty Dividend Announcement

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 issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 6.03%. The ex-dividend date is Thursday, March 27th. Getty Realty's dividend payout ratio is 149.21%.

Institutional Trading of Getty Realty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GTY. Intech Investment Management LLC acquired a new position in shares of Getty Realty during the 3rd quarter worth about $616,000. Charles Schwab Investment Management Inc. increased its stake in shares of 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 purchasing an additional 11,742 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Getty Realty by 8.3% in the third quarter. Daiwa Securities Group Inc. now owns 16,635 shares of the real estate investment trust's stock valued at $529,000 after buying an additional 1,280 shares during the period. Quantbot Technologies LP increased its holdings in shares of Getty Realty by 20.1% in the third quarter. Quantbot Technologies LP now owns 9,851 shares of the real estate investment trust's stock valued at $313,000 after purchasing an additional 1,649 shares during the last quarter. Finally, FMR LLC lifted its position in Getty Realty by 80.1% during the third quarter. FMR LLC now owns 4,201 shares of the real estate investment trust's stock worth $134,000 after acquiring an additional 1,869 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

About Getty Realty