Zacks Investment Research upgraded shares of Getty Realty (NYSE:GTY) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning.

According to Zacks, “Getty Realty Corp. is a real estate investment trust engaged in the ownership, leasing and financing of retail motor fuel and convenience store properties and petroleum distribution terminals in the United States. The company’s properties are leased or sublet to distributors and retailers engaged in the sale of gasoline and various motor fuel products, convenience store products, and automotive repair services. Getty’s properties are operated under a variety of brands including Getty, BP, Exxon, Mobil, Shell, Chevron, Valero, Fina and Aloha. It is also a marketer of heating oil in Pennsylvania and Maryland. Getty Realty Corp. is headquartered in Jericho, New York. “

Other equities research analysts have also recently issued reports about the company. ValuEngine cut Getty Realty from a buy rating to a hold rating in a research note on Wednesday, May 2nd. LADENBURG THALM/SH SH began coverage on Getty Realty in a research note on Friday, June 1st. They issued a buy rating and a $30.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $31.25.

Getty Realty opened at $26.61 on Wednesday, according to Marketbeat. Getty Realty has a 12 month low of $22.68 and a 12 month high of $29.89. The firm has a market capitalization of $1.06 billion, a PE ratio of 16.03, a P/E/G ratio of 8.56 and a beta of 0.49. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.39 and a current ratio of 1.39.

Getty Realty (NYSE:GTY) last released its earnings results on Tuesday, May 8th. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.06). Getty Realty had a return on equity of 9.07% and a net margin of 38.13%. The company had revenue of $28.28 million during the quarter, compared to analysts’ expectations of $28.43 million. equities analysts anticipate that Getty Realty will post 1.81 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 5th. Stockholders of record on Thursday, June 21st will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date of this dividend is Wednesday, June 20th. Getty Realty’s payout ratio is currently 77.11%.

Several large investors have recently made changes to their positions in GTY. LSV Asset Management lifted its holdings in shares of Getty Realty by 38.2% during the first quarter. LSV Asset Management now owns 1,478,330 shares of the real estate investment trust’s stock valued at $37,283,000 after purchasing an additional 408,379 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Getty Realty by 23.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,859,912 shares of the real estate investment trust’s stock valued at $50,515,000 after purchasing an additional 354,600 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Getty Realty by 5.5% during the fourth quarter. BlackRock Inc. now owns 4,955,781 shares of the real estate investment trust’s stock valued at $134,597,000 after purchasing an additional 257,553 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Getty Realty by 77.3% during the first quarter. Russell Investments Group Ltd. now owns 587,115 shares of the real estate investment trust’s stock valued at $14,806,000 after purchasing an additional 255,900 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Getty Realty by 77.8% during the fourth quarter. Deutsche Bank AG now owns 135,349 shares of the real estate investment trust’s stock valued at $3,673,000 after purchasing an additional 59,230 shares in the last quarter. 64.14% of the stock is currently owned by hedge funds and other institutional investors.

Getty Realty Company Profile

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