Getty Realty (NYSE:GTY) Stock Rating Upgraded by KeyCorp

Getty Realty (NYSE:GTY) was upgraded by research analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a research report issued to clients and investors on Tuesday. The firm currently has a $35.00 price objective on the real estate investment trust’s stock. KeyCorp’s price objective indicates a potential upside of 9.24% from the company’s previous close.

Several other research firms also recently commented on GTY. Bank of America upgraded shares of Getty Realty from a “neutral” rating to a “buy” rating and upped their price target for the company from $31.00 to $34.00 in a research note on Monday, October 21st. JPMorgan Chase & Co. increased their target price on shares of Getty Realty from $31.00 to $33.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.75.

Getty Realty Stock Performance

Shares of NYSE:GTY opened at $32.04 on Tuesday. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 27.38 and a beta of 0.92. The firm’s 50 day simple moving average is $32.01 and its 200 day simple moving average is $30.53. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.44 and a quick ratio of 2.44. Getty Realty has a fifty-two week low of $25.70 and a fifty-two week high of $33.85.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data 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 firm 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 period last year, the business earned $0.57 EPS. As a group, sell-side analysts forecast that Getty Realty will post 2.23 earnings per share for the current year.

Institutional Investors Weigh In On Getty Realty

Several institutional investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in Getty Realty in the 2nd quarter worth about $29,000. Point72 Hong Kong Ltd bought a new position in shares of Getty Realty in the second quarter valued at approximately $30,000. 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. KBC Group NV lifted its holdings in Getty Realty by 45.8% during the third quarter. KBC Group NV now owns 2,175 shares of the real estate investment trust’s stock worth $69,000 after acquiring an additional 683 shares during the period. Finally, Huntington National Bank boosted its position in Getty Realty by 21.6% in the third quarter. Huntington National Bank now owns 2,484 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 441 shares during the last quarter. Institutional investors own 85.11% of the company’s stock.

About Getty Realty