Getty Realty (NYSE:GTY) Rating Increased to Overweight at KeyCorp

Getty Realty (NYSE:GTY - Get Free Report) was upgraded by research analysts at KeyCorp from a "sector weight" rating to an "overweight" rating in a report issued on Tuesday, Marketbeat reports. The brokerage presently has a $35.00 target price on the real estate investment trust's stock. KeyCorp's price target indicates a potential upside of 8.90% from the company's previous close.

Several other equities research analysts also recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Getty Realty from $31.00 to $33.00 and gave the company a "neutral" rating in a research report on Thursday, September 19th. Bank of America upgraded Getty Realty from a "neutral" rating to a "buy" rating and upped their price target for the stock from $31.00 to $34.00 in a report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $33.75.

Getty Realty Stock Up 0.3 %

Getty Realty stock traded up $0.10 during mid-day trading on Tuesday, hitting $32.14. 312,722 shares of the company's stock were exchanged, compared to its average volume of 280,398. Getty Realty has a 1-year low of $25.70 and a 1-year high of $33.85. The stock has a 50 day moving average of $32.03 and a two-hundred day moving average of $30.56. The stock has a market cap of $1.77 billion, a P/E ratio of 27.62 and a beta of 0.92. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.87.

Getty Realty (NYSE:GTY - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by ($0.28). Getty Realty had a return on equity of 6.84% and a net margin of 32.97%. The company had revenue of $51.47 million for the quarter, compared to the consensus estimate of $49.79 million. During the same period in the previous year, the company earned $0.57 EPS. As a group, analysts anticipate that Getty Realty will post 2.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Getty Realty

Institutional investors have recently bought and sold shares of the business. State Street Corp lifted its stake in Getty Realty by 4.6% during the third quarter. State Street Corp now owns 3,920,520 shares of the real estate investment trust's stock worth $126,411,000 after purchasing an additional 172,631 shares during the period. Geode Capital Management LLC lifted its position in shares of Getty Realty by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,279,650 shares of the real estate investment trust's stock worth $40,713,000 after buying an additional 16,252 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Getty Realty by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 777,330 shares of the real estate investment trust's stock valued at $24,727,000 after buying an additional 11,742 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Getty Realty by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 740,116 shares of the real estate investment trust's stock valued at $19,731,000 after acquiring an additional 28,575 shares during the period. Finally, Natixis Advisors LLC lifted its holdings in shares of Getty Realty by 38.1% during the third quarter. Natixis Advisors LLC now owns 603,023 shares of the real estate investment trust's stock valued at $19,182,000 after acquiring an additional 166,345 shares during the period. Institutional investors and hedge funds own 85.11% of the company's stock.

Getty Realty Company Profile