JMP Securities Reaffirms Market Outperform Rating for Getty Realty (NYSE:GTY)

Getty Realty (NYSE:GTY)‘s stock had its “market outperform” rating reaffirmed by JMP Securities in a research note issued on Friday,Benzinga reports. They currently have a $34.00 price target on the real estate investment trust’s stock. JMP Securities’ price objective indicates a potential upside of 17.08% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on GTY. Bank of America upgraded shares of Getty Realty from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $31.00 to $34.00 in a research report on Monday, October 21st. KeyCorp raised Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price objective for the company in a research report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. upped their target price on Getty Realty from $31.00 to $33.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

Getty Realty Trading Down 1.7 %

NYSE GTY traded down $0.50 on Friday, hitting $29.04. The company’s stock had a trading volume of 57,631 shares, compared to its average volume of 275,457. The company’s 50-day moving average is $31.49 and its 200 day moving average is $30.92. The firm has a market cap of $1.60 billion, a PE ratio of 24.82 and a beta of 0.93. Getty Realty has a 1-year low of $25.70 and a 1-year high of $33.85. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.87.

Getty Realty (NYSE:GTY) last released its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.28). The company had revenue of $51.47 million during the quarter, compared to the consensus estimate of $49.79 million. Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. During the same quarter last year, the firm posted $0.57 EPS. As a group, analysts predict that Getty Realty will post 2.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in Getty Realty during the 2nd quarter worth $29,000. Point72 Hong Kong Ltd purchased a new position in Getty Realty during the second quarter worth about $30,000. GAMMA Investing LLC grew its position in Getty Realty by 66.2% in the 4th quarter. GAMMA Investing LLC now owns 1,486 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 592 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Getty Realty by 34.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,990 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 513 shares during the last quarter. Finally, KBC Group NV boosted its position in Getty Realty by 45.8% in the third quarter. KBC Group NV now owns 2,175 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 683 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Company Profile