Getty Realty (NYSE:GTY – Get Free Report)‘s stock had its “market outperform” rating reiterated by investment analysts at JMP Securities in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $34.00 target price on the real estate investment trust’s stock. JMP Securities’ target price indicates a potential upside of 16.72% from the company’s previous close.
Several other research firms have also weighed in on GTY. KeyCorp upgraded shares of Getty Realty from a “sector weight” rating to an “overweight” rating and set a $35.00 price objective on the stock in a research note on Tuesday, December 17th. JPMorgan Chase & Co. raised their price target on Getty Realty from $31.00 to $33.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Finally, Bank of America upgraded Getty Realty from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $31.00 to $34.00 in a research note on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.00.
Read Our Latest Analysis on Getty Realty
Getty Realty Stock Down 1.4 %
Getty Realty (NYSE:GTY – Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.28). Getty Realty had a net margin of 32.97% and a return on equity of 6.84%. The firm had revenue of $51.47 million during the quarter, compared to the consensus estimate of $49.79 million. During the same quarter last year, the firm posted $0.57 earnings per share. Sell-side analysts predict that Getty Realty will post 2.23 EPS for the current fiscal year.
Institutional Investors Weigh In On Getty Realty
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Huntington National Bank increased its stake in Getty Realty by 21.6% during the 3rd quarter. Huntington National Bank now owns 2,484 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 441 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in 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 worth $63,000 after purchasing an additional 513 shares in the last quarter. GAMMA Investing LLC lifted its position in Getty Realty by 66.2% in the fourth 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 during the period. Arizona State Retirement System boosted its stake in Getty Realty by 4.3% during the 2nd quarter. Arizona State Retirement System now owns 14,352 shares of the real estate investment trust’s stock valued at $383,000 after purchasing an additional 593 shares in the last quarter. Finally, KBC Group NV increased its position in shares of Getty Realty by 45.8% during the 3rd quarter. KBC Group NV now owns 2,175 shares of the real estate investment trust’s stock valued at $69,000 after purchasing an additional 683 shares during the period. 85.11% of the stock is currently owned by institutional investors.
Getty Realty Company Profile
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