Getty Realty (NYSE:GTY) Rating Lowered to Sell at StockNews.com

Getty Realty (NYSE:GTY) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Separately, JMP Securities restated a “market outperform” rating and issued a $33.00 price objective on shares of Getty Realty in a research note on Monday, March 25th.

Getty Realty Price Performance

NYSE GTY opened at $26.49 on Friday. 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 has a market capitalization of $1.43 billion, a price-to-earnings ratio of 23.03 and a beta of 0.89. Getty Realty has a 1-year low of $25.90 and a 1-year high of $35.56. The business’s fifty day moving average price is $26.95 and its 200-day moving average price is $27.85.

Getty Realty (NYSE:GTY) last posted its quarterly earnings data 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). The company had revenue of $45.62 million during the quarter, compared to analysts’ expectations of $47.19 million. Getty Realty had a return on equity of 6.72% and a net margin of 32.37%. On average, equities analysts predict that Getty Realty will post 2.31 earnings per share for the current year.

Institutional Investors Weigh In On Getty Realty

A number of institutional investors have recently bought and sold shares of GTY. Bridge City Capital LLC grew its position in shares of Getty Realty by 0.8% during the first quarter. Bridge City Capital LLC now owns 72,116 shares of the real estate investment trust’s stock valued at $1,972,000 after purchasing an additional 559 shares in the last quarter. Pensionfund Sabic grew its position in shares of Getty Realty by 50.0% during the first quarter. Pensionfund Sabic now owns 24,000 shares of the real estate investment trust’s stock valued at $656,000 after purchasing an additional 8,000 shares in the last quarter. Strategic Advocates LLC purchased a new position in shares of Getty Realty during the first quarter valued at about $360,000. Pensionfund DSM Netherlands grew its position in shares of Getty Realty by 65.6% during the first quarter. Pensionfund DSM Netherlands now owns 53,000 shares of the real estate investment trust’s stock valued at $1,450,000 after purchasing an additional 21,000 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Getty Realty by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 7,516,139 shares of the real estate investment trust’s stock valued at $219,622,000 after purchasing an additional 220,049 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

About Getty Realty