Getty Realty (NYSE:GTY) Upgraded to Overweight at KeyCorp

Getty Realty (NYSE:GTY) was upgraded by analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a research note issued on Tuesday, Marketbeat reports. The firm presently has a $35.00 price objective on the real estate investment trust’s stock. KeyCorp’s price objective suggests a potential upside of 12.22% from the company’s previous close.

A number of other research firms also recently weighed in on GTY. JPMorgan Chase & Co. upped their target price on Getty Realty from $31.00 to $33.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Bank of America upgraded Getty Realty from a “neutral” rating to a “buy” rating and upped their price objective for the company from $31.00 to $34.00 in a report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.75.

Getty Realty Trading Down 3.0 %

NYSE:GTY opened at $31.19 on Tuesday. Getty Realty has a 1 year low of $25.70 and a 1 year high of $33.85. The business has a fifty day moving average of $32.06 and a 200-day moving average of $30.60. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.44 and a current ratio of 2.44. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 26.66 and a beta of 0.92.

Getty Realty (NYSE:GTY) last released its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.28). The company had revenue of $51.47 million for 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 previous year, the business posted $0.57 EPS. Equities analysts predict that Getty Realty will post 2.23 earnings per share for the current year.

Institutional Investors Weigh In On Getty Realty

Large investors have recently modified their holdings of the stock. GSA Capital Partners LLP purchased a new stake in shares of Getty Realty during the third quarter valued at $495,000. Stifel Financial Corp boosted its holdings in shares of Getty Realty by 79.9% in 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 during the period. Intech Investment Management LLC acquired a new position in shares of Getty Realty in the third quarter worth about $616,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Getty Realty by 493.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 317,380 shares of the real estate investment trust’s stock worth $10,096,000 after acquiring an additional 263,938 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Getty Realty during the second quarter valued at approximately $958,000. 85.11% of the stock is owned by institutional investors.

Getty Realty Company Profile