Getty Realty (NYSE:GTY) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Getty Realty Corporation (NYSE:GTY) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $27.90 and traded as high as $29.23. Getty Realty shares last traded at $29.1240, with a volume of 380,661 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GTY shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Getty Realty in a research note on Thursday. Janney Montgomery Scott started coverage on Getty Realty in a research note on Thursday, October 16th. They issued a “buy” rating and a $30.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.25.

Getty Realty Price Performance

The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $1.68 billion, a P/E ratio of 22.75, a PEG ratio of 2.68 and a beta of 0.85. The company’s fifty day moving average price is $28.45 and its 200 day moving average price is $27.91.

Getty Realty (NYSE:GTY) last posted its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $55.59 million for the quarter, compared to analyst estimates of $53.19 million. Getty Realty had a return on equity of 7.60% and a net margin of 34.76%. As a group, sell-side analysts forecast that Getty Realty Corporation will post 2.29 EPS for the current year.

Institutional Investors Weigh In On Getty Realty

A number of large investors have recently bought and sold shares of GTY. Allworth Financial LP boosted its holdings in shares of Getty Realty by 6,425.8% during the 2nd quarter. Allworth Financial LP now owns 21,274 shares of the real estate investment trust’s stock valued at $588,000 after acquiring an additional 20,948 shares in the last quarter. American National Bank & Trust acquired a new stake in Getty Realty during the 2nd quarter worth approximately $222,000. Delta Investment Management LLC boosted its position in Getty Realty by 73.1% during the 3rd quarter. Delta Investment Management LLC now owns 55,330 shares of the real estate investment trust’s stock worth $1,484,000 after buying an additional 23,369 shares during the period. JPMorgan Chase & Co. grew its holdings in Getty Realty by 54.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 479,414 shares of the real estate investment trust’s stock worth $13,251,000 after acquiring an additional 168,345 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Getty Realty by 3.3% in the 2nd quarter. Geode Capital Management LLC now owns 1,418,927 shares of the real estate investment trust’s stock valued at $39,224,000 after acquiring an additional 44,766 shares during the period. 85.11% of the stock is currently owned by institutional investors and hedge funds.

About Getty Realty

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.