Getty Realty (NYSE:GTY) Price Target Raised to $33.00 at JMP Securities

Getty Realty (NYSE:GTY) had its price target raised by JMP Securities from $31.50 to $33.00 in a report issued on Thursday, Benzinga reports. The firm currently has a market outperform rating on the real estate investment trust’s stock.

Separately, StockNews.com raised shares of Getty Realty from a sell rating to a hold rating in a research report on Monday, April 22nd.

Getty Realty Stock Up 0.9 %

Shares of NYSE:GTY opened at $32.05 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.37 and a quick ratio of 3.37. The business has a 50 day simple moving average of $27.72 and a two-hundred day simple moving average of $27.46. Getty Realty has a 1 year low of $25.70 and a 1 year high of $34.38. The firm has a market capitalization of $1.73 billion, a PE ratio of 27.17 and a beta of 0.90.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.27). Getty Realty had a net margin of 33.49% and a return on equity of 6.99%. The business had revenue of $49.94 million during the quarter, compared to the consensus estimate of $48.51 million. During the same period last year, the company earned $0.56 EPS. On average, equities analysts predict that Getty Realty will post 2.31 EPS for the current year.

Getty Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Thursday, September 26th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date of this dividend is Thursday, September 26th. Getty Realty’s dividend payout ratio (DPR) is 153.85%.

Institutional Investors Weigh In On Getty Realty

A number of hedge funds have recently made changes to their positions in GTY. Bank of New York Mellon Corp raised its stake in shares of Getty Realty by 9.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 601,341 shares of the real estate investment trust’s stock worth $16,032,000 after acquiring an additional 53,906 shares in the last quarter. Clear Creek Financial Management LLC grew its holdings in Getty Realty by 5.0% in the second quarter. Clear Creek Financial Management LLC now owns 7,915 shares of the real estate investment trust’s stock worth $211,000 after purchasing an additional 375 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Getty Realty by 1.6% during the second quarter. Louisiana State Employees Retirement System now owns 24,700 shares of the real estate investment trust’s stock worth $659,000 after purchasing an additional 400 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Getty Realty by 47.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 33,956 shares of the real estate investment trust’s stock valued at $921,000 after purchasing an additional 10,877 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Getty Realty by 198.3% in the 2nd quarter. SG Americas Securities LLC now owns 17,550 shares of the real estate investment trust’s stock worth $468,000 after purchasing an additional 11,666 shares in the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

About Getty Realty