Getty Realty Corporation (NYSE:GTY) Short Interest Update

Getty Realty Corporation (NYSE:GTY) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 7,399,188 shares, a growth of 135.7% from the February 12th total of 3,139,236 shares. Based on an average daily volume of 1,101,327 shares, the days-to-cover ratio is presently 6.7 days. Currently, 13.6% of the shares of the stock are sold short. Currently, 13.6% of the shares of the stock are sold short. Based on an average daily volume of 1,101,327 shares, the days-to-cover ratio is presently 6.7 days.

Getty Realty Price Performance

GTY opened at $33.15 on Thursday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $1.98 billion, a P/E ratio of 24.74, a PEG ratio of 2.46 and a beta of 0.82. The stock has a 50-day moving average price of $30.81 and a 200-day moving average price of $28.81. Getty Realty has a 12-month low of $25.39 and a 12-month high of $34.02.

Getty Realty (NYSE:GTY) last released its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The company had revenue of $60.55 million during the quarter, compared to the consensus estimate of $55.94 million. Getty Realty had a return on equity of 7.86% and a net margin of 35.72%.The company’s revenue was up 14.2% compared to the same quarter last year. Equities analysts predict that Getty Realty will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 26th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Thursday, March 26th. Getty Realty’s payout ratio is presently 144.78%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GTY shares. Royal Bank Of Canada boosted their price target on shares of Getty Realty from $30.00 to $33.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 17th. UBS Group lifted their price objective on Getty Realty from $29.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Getty Realty in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $32.20.

Hedge Funds Weigh In On Getty Realty

Several institutional investors and hedge funds have recently made changes to their positions in the business. Corient Private Wealth LLC lifted its stake in Getty Realty by 1.0% in the fourth quarter. Corient Private Wealth LLC now owns 97,703 shares of the real estate investment trust’s stock worth $2,672,000 after purchasing an additional 989 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Getty Realty by 17.8% in the fourth quarter. Hsbc Holdings PLC now owns 92,297 shares of the real estate investment trust’s stock worth $2,525,000 after buying an additional 13,956 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in shares of Getty Realty in the fourth quarter worth about $429,000. VARCOV Co. bought a new stake in shares of Getty Realty in the 4th quarter valued at about $733,000. Finally, Voloridge Investment Management LLC boosted its holdings in Getty Realty by 16.1% during the 4th quarter. Voloridge Investment Management LLC now owns 191,577 shares of the real estate investment trust’s stock valued at $5,243,000 after acquiring an additional 26,564 shares during the period. Institutional investors own 85.11% of the company’s stock.

Getty Realty Company Profile

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company’s portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.