Analysts Set Getty Realty Corporation (NYSE:GTY) PT at $31.25

Getty Realty Corporation (NYSE:GTY) has been assigned a consensus recommendation of “Hold” from the five research firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $31.25.

Several equities analysts have issued reports on GTY shares. Janney Montgomery Scott assumed coverage on Getty Realty in a research note on Thursday, October 16th. They issued a “buy” rating and a $30.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Getty Realty in a research note on Thursday, January 22nd.

Getty Realty Stock Performance

Shares of Getty Realty stock opened at $29.89 on Friday. The business has a 50-day moving average price of $28.54 and a two-hundred day moving average price of $27.97. Getty Realty has a 1-year low of $25.39 and a 1-year high of $32.17. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.93. The company has a market cap of $1.73 billion, a P/E ratio of 23.35, a PEG ratio of 2.69 and a beta of 0.85.

Hedge Funds 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. increased its position in 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 valued at $146,000 after buying an additional 356 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Getty Realty by 26.4% in the fourth quarter. Farther Finance Advisors LLC now owns 1,724 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 360 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings 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 valued at $43,000 after acquiring an additional 418 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Getty Realty by 1.2% during the third quarter. Teacher Retirement System of Texas now owns 37,714 shares of the real estate investment trust’s stock worth $1,012,000 after purchasing an additional 450 shares during the period. Finally, Chatham Capital Group Inc. lifted its holdings in shares of Getty Realty by 0.8% in the 4th quarter. Chatham Capital Group Inc. now owns 60,052 shares of the real estate investment trust’s stock worth $1,644,000 after purchasing an additional 465 shares in the last quarter. Institutional investors own 85.11% of the company’s stock.

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.