UBS Group Issues Positive Forecast for Getty Realty (NYSE:GTY) Stock Price

Getty Realty (NYSE:GTY) had its price objective hoisted by research analysts at UBS Group from $29.00 to $33.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. UBS Group’s price objective points to a potential downside of 1.22% from the company’s previous close.

A number of other brokerages have also issued reports on GTY. Royal Bank Of Canada raised their target price on Getty Realty from $30.00 to $33.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Getty Realty in a report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Getty Realty currently has an average rating of “Hold” and an average target price of $32.20.

Getty Realty Stock Performance

Shares of Getty Realty stock traded up $0.38 during midday trading on Monday, hitting $33.41. The company had a trading volume of 751,806 shares, compared to its average volume of 587,247. The company has a fifty day simple moving average of $30.46 and a 200 day simple moving average of $28.72. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 2.45 and a beta of 0.82. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.93. Getty Realty has a 12-month low of $25.39 and a 12-month high of $34.02.

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

Institutional Trading of Getty Realty

Hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. purchased a new stake in Getty Realty in the 1st quarter worth $31,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Getty Realty during the third quarter worth about $27,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Getty Realty during the 4th quarter worth about $29,000. EverSource Wealth Advisors LLC lifted its stake in Getty Realty by 3,996.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,159 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Getty Realty in the 2nd quarter worth about $38,000. Hedge funds and other 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.