StockNews.com Lowers Getty Realty (NYSE:GTY) to Sell

StockNews.com downgraded shares of Getty Realty (NYSE:GTY) from a hold rating to a sell rating in a report published on Saturday.

Separately, JMP Securities reiterated a market outperform rating and issued a $33.00 price target on shares of Getty Realty in a research note on Monday, March 25th.

Getty Realty Stock Performance

Shares of Getty Realty stock opened at $26.61 on Friday. The firm has a market capitalization of $1.44 billion, a P/E ratio of 23.14 and a beta of 0.89. Getty Realty has a 52 week low of $25.90 and a 52 week high of $35.56. The company has a quick ratio of 3.73, a current ratio of 3.73 and a debt-to-equity ratio of 0.79. The firm’s 50 day moving average is $26.94 and its two-hundred day moving average is $27.85.

Getty Realty (NYSE:GTY) last announced its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.27). The company had revenue of $45.62 million during the quarter, compared to analysts’ expectations of $47.19 million. Getty Realty had a net margin of 32.37% and a return on equity of 6.72%. Research analysts forecast that Getty Realty will post 2.31 EPS for the current fiscal year.

Getty Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.76%. Getty Realty’s dividend payout ratio (DPR) is presently 156.52%.

Hedge Funds Weigh In On Getty Realty

A number of hedge funds have recently modified their holdings of GTY. LPL Financial LLC lifted its holdings in Getty Realty by 4.1% in the fourth quarter. LPL Financial LLC now owns 8,267 shares of the real estate investment trust’s stock valued at $280,000 after acquiring an additional 328 shares during the period. New York State Teachers Retirement System raised its stake in shares of Getty Realty by 0.8% during the 4th quarter. New York State Teachers Retirement System now owns 46,730 shares of the real estate investment trust’s stock worth $1,365,000 after buying an additional 367 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in shares of Getty Realty by 0.9% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 42,769 shares of the real estate investment trust’s stock worth $1,250,000 after buying an additional 394 shares during the last quarter. Chilton Capital Management LLC raised its stake in shares of Getty Realty by 3.1% during the 4th quarter. Chilton Capital Management LLC now owns 14,337 shares of the real estate investment trust’s stock worth $491,000 after buying an additional 430 shares during the last quarter. Finally, Maryland State Retirement & Pension System raised its stake in shares of Getty Realty by 3.0% during the 4th quarter. Maryland State Retirement & Pension System now owns 17,430 shares of the real estate investment trust’s stock worth $509,000 after buying an additional 503 shares during the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

About Getty Realty