Getty Realty (GTY) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Getty Realty (NYSE:GTY) from a sell rating to a hold rating in a research report sent to investors on Thursday morning, Zacks.com reports.

According to Zacks, “Getty Realty Corp. is a real estate investment trust engaged in the ownership, leasing and financing of retail motor fuel and convenience store properties and petroleum distribution terminals in the United States. The company’s properties are leased or sublet to distributors and retailers engaged in the sale of gasoline and various motor fuel products, convenience store products, and automotive repair services. Getty’s properties are operated under a variety of brands including Getty, BP, Exxon, Mobil, Shell, Chevron, Valero, Fina and Aloha. It is also a marketer of heating oil in Pennsylvania and Maryland. Getty Realty Corp. is headquartered in Jericho, New York. “

GTY opened at $32.18 on Thursday. The company has a market cap of $1.32 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 6.43 and a beta of 0.59. Getty Realty has a one year low of $25.02 and a one year high of $35.03. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.71.

Getty Realty (NYSE:GTY) last released its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.17). The business had revenue of $33.29 million for the quarter, compared to the consensus estimate of $29.65 million. Getty Realty had a net margin of 35.21% and a return on equity of 8.56%. As a group, equities research analysts predict that Getty Realty will post 1.79 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Thursday, June 20th will be paid a dividend of $0.35 per share. The ex-dividend date is Wednesday, June 19th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.35%. Getty Realty’s dividend payout ratio is 81.87%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Deutsche Bank AG boosted its holdings in shares of Getty Realty by 0.3% in the fourth quarter. Deutsche Bank AG now owns 118,490 shares of the real estate investment trust’s stock valued at $3,482,000 after purchasing an additional 377 shares during the period. Mason Street Advisors LLC boosted its holdings in shares of Getty Realty by 4.3% in the first quarter. Mason Street Advisors LLC now owns 10,894 shares of the real estate investment trust’s stock valued at $349,000 after purchasing an additional 446 shares during the period. Arizona State Retirement System boosted its holdings in shares of Getty Realty by 1.0% in the first quarter. Arizona State Retirement System now owns 52,326 shares of the real estate investment trust’s stock valued at $1,676,000 after purchasing an additional 517 shares during the period. Piedmont Investment Advisors Inc. boosted its holdings in shares of Getty Realty by 6.8% in the first quarter. Piedmont Investment Advisors Inc. now owns 8,532 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 543 shares during the period. Finally, Sapphire Star Partners LP boosted its holdings in shares of Getty Realty by 2.8% in the fourth quarter. Sapphire Star Partners LP now owns 20,534 shares of the real estate investment trust’s stock valued at $604,000 after purchasing an additional 559 shares during the period. 63.81% of the stock is currently owned by hedge funds and other institutional investors.

About Getty Realty

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