Getty Realty (NYSE:GTY) Price Target Raised to $33.00 at JPMorgan Chase & Co.

Getty Realty (NYSE:GTY) had its price objective increased by JPMorgan Chase & Co. from $31.00 to $33.00 in a research note released on Thursday, Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

Separately, JMP Securities boosted their price objective on shares of Getty Realty from $31.50 to $33.00 and gave the company a market outperform rating in a research report on Thursday, July 25th.

Getty Realty Trading Down 0.3 %

Shares of GTY stock opened at $32.25 on Thursday. Getty Realty has a 1 year low of $25.70 and a 1 year high of $32.87. The stock has a market cap of $1.74 billion, a P/E ratio of 27.56 and a beta of 0.92. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.88. The stock has a 50 day simple moving average of $31.05 and a 200 day simple moving average of $28.48.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data on Wednesday, July 24th. 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 net margin of 33.49% and a return on equity of 6.98%. The firm had revenue of $49.94 million for the quarter, compared to analyst estimates of $48.51 million. During the same quarter in the prior year, the firm earned $0.56 earnings per share. On average, research analysts predict that Getty Realty will post 2.2 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.80 annualized dividend and a dividend yield of 5.58%. Getty Realty’s dividend payout ratio (DPR) is presently 153.85%.

Institutional Trading of Getty Realty

Several institutional investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Getty Realty in the second quarter worth $29,000. Point72 Asset Management L.P. bought a new stake in Getty Realty during the second quarter valued at $162,000. Creative Planning bought a new stake in Getty Realty during the second quarter valued at $291,000. The Manufacturers Life Insurance Company boosted its position in Getty Realty by 6.5% during the second quarter. The Manufacturers Life Insurance Company now owns 25,067 shares of the real estate investment trust’s stock valued at $668,000 after acquiring an additional 1,532 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Getty Realty by 101.3% during the second quarter. AQR Capital Management LLC now owns 93,900 shares of the real estate investment trust’s stock valued at $2,503,000 after acquiring an additional 47,248 shares during the last quarter. Institutional investors own 85.11% of the company’s stock.

Getty Realty Company Profile