UBS Group Forecasts Strong Price Appreciation for Getty Realty (NYSE:GTY) Stock

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

A number of other equities research analysts have also issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Getty Realty in a research report on Thursday, January 22nd. Royal Bank Of Canada boosted their price objective 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. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Getty Realty currently has a consensus rating of “Hold” and a consensus target price of $32.20.

Getty Realty Price Performance

GTY stock traded up $0.38 during midday trading on Monday, reaching $33.41. The stock had a trading volume of 751,806 shares, compared to its average volume of 587,247. Getty Realty has a 52-week low of $25.39 and a 52-week high of $34.02. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.93. The company’s fifty day simple moving average is $30.46 and its 200 day simple moving average is $28.72. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 2.45 and a beta of 0.82.

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

Institutional Investors Weigh In On Getty Realty

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. lifted its holdings in shares of Getty Realty by 7.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,300 shares of the real estate investment trust’s stock worth $146,000 after acquiring an additional 356 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Getty Realty by 26.4% during the fourth quarter. Farther Finance Advisors LLC now owns 1,724 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 360 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Getty Realty by 3.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,160 shares of the real estate investment trust’s stock worth $333,000 after purchasing an additional 400 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Getty Realty by 36.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,572 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 418 shares during the period. Finally, Teacher Retirement System of Texas grew its stake in shares of Getty Realty by 1.2% in the third quarter. Teacher Retirement System of Texas now owns 37,714 shares of the real estate investment trust’s stock valued at $1,012,000 after buying an additional 450 shares in the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

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.