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

Equities researchers at UBS Group began coverage on shares of Getty Realty (NYSE:GTY) in a note issued to investors on Friday, Marketbeat reports. The firm set a “neutral” rating and a $32.00 price target on the real estate investment trust’s stock. UBS Group’s price objective would suggest a potential upside of 4.43% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. JMP Securities restated a “market outperform” rating and set a $34.00 target price on shares of Getty Realty in a research report on Friday, January 10th. KeyCorp upgraded shares of Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 target price on the stock in a 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.60.

Getty Realty Trading Up 0.2 %

GTY opened at $30.64 on Friday. The firm has a 50 day simple moving average of $30.80 and a 200 day simple moving average of $31.27. Getty Realty has a fifty-two week low of $25.70 and a fifty-two week high of $33.85. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 24.32 and a beta of 0.91. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 2.28.

Getty Realty (NYSE:GTY) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating 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%. On average, sell-side analysts anticipate that Getty Realty will post 2.29 earnings per share for the current year.

Hedge Funds Weigh In On Getty Realty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GF Fund Management CO. LTD. bought a new stake in shares of Getty Realty in the fourth quarter valued at about $28,000. Fifth Third Bancorp raised its position in Getty Realty by 923.7% in the 4th quarter. Fifth Third Bancorp now owns 1,341 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 1,210 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Getty Realty by 715.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,386 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 1,216 shares during the last quarter. GAMMA Investing LLC boosted its position in Getty Realty by 66.2% during the 4th quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 592 shares during the last quarter. Finally, Loomis Sayles & Co. L P bought a new position in shares of Getty Realty during the 4th quarter worth approximately $45,000. 85.11% of the stock is owned by institutional investors and hedge funds.

About Getty Realty