Getty Realty (NYSE:GTY) Hits New 52-Week Low at $25.70

Getty Realty Corp. (NYSE:GTY) reached a new 52-week low during trading on Thursday . The company traded as low as $25.70 and last traded at $25.84, with a volume of 21112 shares. The stock had previously closed at $25.78.

Wall Street Analyst Weigh In

GTY has been the topic of several recent analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $33.00 price objective on shares of Getty Realty in a research report on Monday, March 25th. StockNews.com raised Getty Realty from a “sell” rating to a “hold” rating in a report on Monday, April 22nd.

Getty Realty Stock Performance

The business has a fifty day simple moving average of $27.30 and a two-hundred day simple moving average of $27.54. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.84. The company has a market cap of $1.44 billion, a P/E ratio of 22.79 and a beta of 0.89.

Getty Realty (NYSE:GTY) last posted its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.27). Getty Realty had a return on equity of 6.80% and a net margin of 32.74%. The company had revenue of $48.97 million during the quarter, compared to the consensus estimate of $46.63 million. During the same period last year, the business earned $0.56 EPS. On average, sell-side analysts anticipate that Getty Realty Corp. will post 2.31 EPS for the current year.

Getty Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 27th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.75%. The ex-dividend date is Thursday, June 27th. Getty Realty’s dividend payout ratio (DPR) is currently 153.85%.

Institutional Trading of Getty Realty

Several institutional investors and hedge funds have recently added to or reduced their stakes in GTY. Lighthouse Investment Partners LLC bought a new stake in Getty Realty during the 4th quarter valued at approximately $8,328,000. Norges Bank purchased a new position in Getty Realty during the 4th quarter valued at approximately $8,143,000. Vanguard Group Inc. grew its holdings in Getty Realty by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 7,768,393 shares of the real estate investment trust’s stock valued at $212,466,000 after buying an additional 252,254 shares in the last quarter. Natixis Advisors L.P. grew its holdings in Getty Realty by 42.5% during the 4th quarter. Natixis Advisors L.P. now owns 507,337 shares of the real estate investment trust’s stock valued at $14,824,000 after buying an additional 151,256 shares in the last quarter. Finally, Meritage Portfolio Management purchased a new position in Getty Realty during the 1st quarter valued at approximately $2,414,000. Institutional investors own 85.11% of the company’s stock.

About Getty Realty