Getty Realty’s (GTY) “Market Outperform” Rating Reiterated at JMP Securities

JMP Securities reiterated their market outperform rating on shares of Getty Realty (NYSE:GTY) in a report issued on Monday morning, Benzinga reports. The brokerage currently has a $33.00 price target on the real estate investment trust’s stock.

Separately, StockNews.com lowered Getty Realty from a hold rating to a sell rating in a report on Sunday, March 3rd.

Getty Realty Stock Up 2.0 %

Shares of Getty Realty stock opened at $27.36 on Monday. Getty Realty has a one year low of $25.90 and a one year high of $36.11. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.73 and a quick ratio of 3.73. The stock’s 50-day moving average is $27.15 and its 200 day moving average is $28.06. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 23.79 and a beta of 0.89.

Getty Realty (NYSE:GTY) last announced its earnings results on Wednesday, February 14th. 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 32.37% and a return on equity of 6.72%. The business had revenue of $45.62 million for the quarter, compared to the consensus estimate of $47.19 million. Equities research analysts anticipate that Getty Realty will post 2.3 EPS for the current year.

Getty Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.58%. Getty Realty’s dividend payout ratio is presently 156.52%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. IFP Advisors Inc bought a new position in shares of Getty Realty in the second quarter valued at approximately $26,000. Baystate Wealth Management LLC purchased a new stake in shares of Getty Realty during the fourth quarter valued at approximately $29,000. Natixis purchased a new stake in shares of Getty Realty during the fourth quarter valued at approximately $42,000. Vestcor Inc purchased a new stake in shares of Getty Realty during the second quarter valued at approximately $57,000. Finally, FMR LLC increased its position in shares of Getty Realty by 68.3% during the first quarter. FMR LLC now owns 1,703 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 691 shares during the last quarter. Institutional investors own 85.11% of the company’s stock.

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