Analysts Set Getty Realty Corp. (NYSE:GTY) Target Price at $33.60

Getty Realty Corp. (NYSE:GTY) has received an average rating of “Moderate Buy” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $33.60.

GTY has been the topic of several research analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $34.00 price target 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 price target for the company in a research note on Tuesday, December 17th. Finally, UBS Group initiated coverage on Getty Realty in a research report on Friday. They issued a “neutral” rating and a $32.00 price target on the stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC grew its stake in Getty Realty by 149.1% during the 3rd quarter. Jane Street Group LLC now owns 96,423 shares of the real estate investment trust’s stock valued at $3,067,000 after purchasing an additional 57,712 shares in the last quarter. Stifel Financial Corp grew its position in shares of Getty Realty by 79.9% during the third quarter. Stifel Financial Corp now owns 198,761 shares of the real estate investment trust’s stock worth $6,323,000 after buying an additional 88,253 shares in the last quarter. Barclays PLC grew its position in shares of Getty Realty by 409.6% during the third quarter. Barclays PLC now owns 103,121 shares of the real estate investment trust’s stock worth $3,281,000 after buying an additional 82,887 shares in the last quarter. abrdn plc increased its stake in shares of Getty Realty by 30.6% in the fourth quarter. abrdn plc now owns 12,692 shares of the real estate investment trust’s stock worth $380,000 after buying an additional 2,975 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Getty Realty by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,279,650 shares of the real estate investment trust’s stock valued at $40,713,000 after acquiring an additional 16,252 shares in the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Trading Up 0.2 %

NYSE GTY opened at $30.64 on Friday. Getty Realty has a one year low of $25.70 and a one year high of $33.85. The firm has a 50 day simple moving average of $30.80 and a 200-day simple moving average of $31.27. The firm 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 quick ratio of 2.28 and a current ratio of 2.28.

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

Getty Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.88 annualized dividend and a yield of 6.13%. Getty Realty’s dividend payout ratio (DPR) is presently 149.21%.

About Getty Realty