JMP Securities Reiterates “Market Outperform” Rating for Getty Realty (NYSE:GTY)

Getty Realty (NYSE:GTY)‘s stock had its “market outperform” rating restated by equities researchers at JMP Securities in a research note issued on Friday,Benzinga reports. They currently have a $34.00 price target on the real estate investment trust’s stock. JMP Securities’ target price points to a potential upside of 16.72% from the stock’s current price.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. upped their target price on Getty Realty from $31.00 to $33.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. KeyCorp upgraded shares of Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price objective on the stock in a report on Tuesday, December 17th. Finally, Bank of America upgraded shares of Getty Realty from a “neutral” rating to a “buy” rating and boosted their target price for the company 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 issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

Getty Realty Trading Down 1.4 %

Shares of GTY stock opened at $29.13 on Friday. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 24.90 and a beta of 0.93. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.87. The firm has a 50-day moving average price of $31.45 and a 200 day moving average price of $30.97. Getty Realty has a twelve month low of $25.70 and a twelve month high of $33.85.

Getty Realty (NYSE:GTY) last posted its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.28). The firm had revenue of $51.47 million during the quarter, compared to analyst estimates of $49.79 million. Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. During the same period in the prior year, the firm earned $0.57 EPS. Research analysts forecast that Getty Realty will post 2.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Getty Realty

Several large investors have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Getty Realty in the 2nd quarter valued at $29,000. Point72 Hong Kong Ltd purchased a new stake in shares of Getty Realty during the 2nd quarter valued at about $30,000. GAMMA Investing LLC lifted 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Getty Realty by 34.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,990 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 513 shares during the period. Finally, KBC Group NV raised its stake in shares of Getty Realty by 45.8% during the third quarter. KBC Group NV now owns 2,175 shares of the real estate investment trust’s stock valued at $69,000 after purchasing an additional 683 shares during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.

About Getty Realty