UBS Group Begins Coverage on Getty Realty (NYSE:GTY)

UBS Group initiated coverage on shares of Getty Realty (NYSE:GTY) in a research report report published on Friday, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $32.00 price objective on the real estate investment trust’s stock.

Several other equities research analysts have also issued reports on the stock. JMP Securities reiterated a “market outperform” rating and set a $34.00 target price 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 objective on the stock in a research report on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.60.

Getty Realty Stock Up 0.2 %

GTY opened at $30.64 on Friday. The firm has a market capitalization of $1.69 billion, a P/E ratio of 24.32 and a beta of 0.91. Getty Realty has a one year low of $25.70 and a one year high of $33.85. The company has a fifty day moving average price of $30.80 and a 200-day moving average price of $31.28. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.28 and a quick ratio of 2.28.

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

Getty Realty Announces Dividend

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

Institutional Investors Weigh In On Getty Realty

A number of institutional investors have recently made changes to their positions in the business. BROOKFIELD Corp ON purchased a new position in Getty Realty in the 4th quarter worth $14,988,000. Verition Fund Management LLC bought a new stake in Getty Realty in the third quarter valued at approximately $10,119,000. NFJ Investment Group LLC purchased a new stake in shares of Getty Realty during the third quarter valued at approximately $9,231,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings 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 purchasing an additional 263,938 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Getty Realty by 78.8% in the fourth quarter. Marshall Wace LLP now owns 512,268 shares of the real estate investment trust’s stock worth $15,435,000 after buying an additional 225,752 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Getty Realty Company Profile