Getty Realty (NYSE:GTY) Now Covered by UBS Group

UBS Group assumed coverage on shares of Getty Realty (NYSE:GTY) in a research note released on Friday, MarketBeat.com reports. The brokerage issued a neutral rating and a $32.00 target price on the real estate investment trust’s stock.

GTY has been the subject of several other research reports. JMP Securities reaffirmed a “market outperform” rating and set a $34.00 price target on shares of Getty Realty in a research note on Friday, January 10th. KeyCorp upgraded 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. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $33.60.

Getty Realty Stock Performance

Shares of Getty Realty stock opened at $30.64 on Friday. Getty Realty has a 52 week low of $25.70 and a 52 week high of $33.85. The company has a market capitalization of $1.69 billion, a PE ratio of 24.32 and a beta of 0.91. The stock’s fifty day moving average is $30.80 and its two-hundred day moving average is $31.27. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.94.

Getty Realty (NYSE:GTY) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.60 EPS 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%. As a group, analysts expect that Getty Realty will post 2.29 earnings per share for the current year.

Getty Realty Dividend Announcement

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

Hedge Funds Weigh In On Getty Realty

Several institutional investors have recently bought and sold shares of GTY. Vanguard Group Inc. lifted its holdings in Getty Realty by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 7,863,821 shares of the real estate investment trust’s stock worth $236,937,000 after buying an additional 48,491 shares during the period. State Street Corp lifted its stake in shares of Getty Realty by 4.6% during the 3rd quarter. State Street Corp now owns 3,920,520 shares of the real estate investment trust’s stock worth $126,411,000 after purchasing an additional 172,631 shares during the last quarter. Geode Capital Management LLC boosted its position in Getty Realty by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,297,268 shares of the real estate investment trust’s stock valued at $39,095,000 after purchasing an additional 17,618 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Getty Realty by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 777,330 shares of the real estate investment trust’s stock valued at $24,727,000 after purchasing an additional 11,742 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Getty Realty by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 751,412 shares of the real estate investment trust’s stock valued at $22,640,000 after purchasing an additional 10,552 shares during the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Getty Realty Company Profile