JMP Securities Increases Getty Realty (NYSE:GTY) Price Target to $33.00

Getty Realty (NYSE:GTY) had its price target raised by JMP Securities from $31.50 to $33.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “market outperform” rating on the real estate investment trust’s stock. JMP Securities’ price target points to a potential upside of 3.61% from the stock’s previous close.

Separately, StockNews.com upgraded Getty Realty from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd.

Getty Realty Trading Up 3.6 %

Shares of GTY stock traded up $1.12 during trading hours on Thursday, reaching $31.85. The company’s stock had a trading volume of 379,303 shares, compared to its average volume of 268,158. The stock has a market capitalization of $1.72 billion, a P/E ratio of 27.22 and a beta of 0.90. Getty Realty has a one year low of $25.70 and a one year high of $34.38. The firm’s fifty day simple moving average is $27.66 and its 200 day simple moving average is $27.43. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.84.

Getty Realty (NYSE:GTY) last issued its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). Getty Realty had a return on equity of 6.80% and a net margin of 32.74%. The business had revenue of $49.94 million during the quarter, compared to the consensus estimate of $48.51 million. During the same quarter in the prior year, the business posted $0.56 earnings per share. Equities research analysts expect that Getty Realty will post 2.31 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Getty Realty by 3.4% during the first quarter. Vanguard Group Inc. now owns 7,768,393 shares of the real estate investment trust’s stock valued at $212,466,000 after purchasing an additional 252,254 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Getty Realty by 8.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 729,032 shares of the real estate investment trust’s stock valued at $21,302,000 after acquiring an additional 54,040 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Getty Realty by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 691,157 shares of the real estate investment trust’s stock valued at $20,196,000 after acquiring an additional 43,073 shares during the period. Natixis Advisors L.P. lifted its holdings in Getty Realty by 42.5% in the fourth quarter. Natixis Advisors L.P. now owns 507,337 shares of the real estate investment trust’s stock valued at $14,824,000 after acquiring an additional 151,256 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in Getty Realty by 10.4% in the fourth quarter. Wells Fargo & Company MN now owns 361,951 shares of the real estate investment trust’s stock valued at $10,576,000 after acquiring an additional 34,022 shares during the period. 85.11% of the stock is owned by institutional investors.

About Getty Realty