Getty Realty Corporation (NYSE:GTY) has been given an average rating of “Buy” by the six brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $27.75.

A number of equities research analysts have weighed in on GTY shares. Zacks Investment Research raised shares of Getty Realty Corporation from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Friday, May 12th. ValuEngine raised shares of Getty Realty Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Canaccord Genuity started coverage on shares of Getty Realty Corporation in a report on Tuesday, July 18th. They issued a “buy” rating and a $32.00 price target for the company. BidaskClub raised shares of Getty Realty Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, Bank of America Corporation started coverage on shares of Getty Realty Corporation in a report on Wednesday. They issued a “buy” rating and a $30.00 price target for the company.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Getty Realty Corporation by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 4,645,500 shares of the real estate investment trust’s stock worth $116,602,000 after buying an additional 71,575 shares during the period. BlackRock Inc. raised its holdings in Getty Realty Corporation by 1.3% during the 2nd quarter. BlackRock Inc. now owns 4,012,218 shares of the real estate investment trust’s stock worth $100,709,000 after buying an additional 51,859 shares during the period. Renaissance Technologies LLC raised its holdings in Getty Realty Corporation by 14.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,136,312 shares of the real estate investment trust’s stock worth $28,521,000 after buying an additional 147,600 shares during the period. State Street Corp raised its holdings in Getty Realty Corporation by 5.3% during the 2nd quarter. State Street Corp now owns 781,361 shares of the real estate investment trust’s stock worth $19,613,000 after buying an additional 39,522 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Getty Realty Corporation by 4.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 674,353 shares of the real estate investment trust’s stock worth $16,927,000 after buying an additional 30,051 shares during the period. Hedge funds and other institutional investors own 52.09% of the company’s stock.

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Getty Realty Corporation (NYSE GTY) traded up 0.18% during midday trading on Wednesday, hitting $28.42. 155,167 shares of the stock traded hands. The company has a 50-day moving average price of $26.53 and a 200 day moving average price of $25.68. Getty Realty Corporation has a one year low of $21.71 and a one year high of $28.56. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 23.51 and a beta of 0.54.

Getty Realty Corporation (NYSE:GTY) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.01. Getty Realty Corporation had a net margin of 36.50% and a return on equity of 10.28%. The company had revenue of $24.83 million during the quarter, compared to the consensus estimate of $25.20 million. During the same period in the prior year, the company earned $0.42 EPS. Getty Realty Corporation’s revenue was up 2.8% on a year-over-year basis. Equities research analysts anticipate that Getty Realty Corporation will post $1.26 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, September 21st will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $1.12 annualized dividend and a yield of 3.94%. Getty Realty Corporation’s payout ratio is presently 92.56%.

Getty Realty Corporation Company Profile

Getty Realty Corp. is a real estate investment trust (REIT). The Company specializes in the ownership, leasing and financing of convenience store and gasoline station properties. As of June 30, 2017, the Company’s 825 properties were located in 26 states across the United States and Washington, District of Columbia.

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