Getty Real Estate StockNews.com downgraded it to Hold.

Getty Realty (NYSE: GTY) was previously given a “buy” rating by the investment analysts at StockNews.com; however, in a report that was published on Friday, they revised their recommendation for the company so that it now reads “hold.”

Deposit $100 and get a $110 to trade stocks
>>>>>>>>>>Open Account

Since the last report was published, more stock market analysts have weighed in with their opinions on the company’s shares. On Tuesday, August 2, the Royal Bank of Canada released a research note about Getty Realty. In the note, they increased their target price on the stock from $27.00 to $30.00 and categorized the stock as “sector perform.” Redburn Partners released their research report on Getty Realty shares on Thursday, August 25. In this report, they initiated coverage of the company’s shares. While evaluating the company, they decided to give it a “neutral rating.” In a research note published on Wednesday, August 24, Bank of America changed its rating on shares of Getty Realty from “underperform” to “neutral” in a research note. Previously, the firm had given the stock an “underperform” rating. In addition, the financial institution projected that the company’s stock price would reach $33.00 within the next year. Two of the recommendations made by investment professionals for this stock were to purchase it, while four were to hold onto it. According to Bloomberg.com, the current average recommendation for Getty Realty is “Hold,” and the community of users on the website has set a price objective of $32.25.
At the close of trading on Friday, the NYSE GTY was down $0.31, closing at $26.61. The number of shares the company traded was 235,703, which is less than the daily volume of 243,466 shares it normally does business with. There is currently a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 2.08, and a beta value of 0.83 for the company. The market capitalization of the company is currently 1.24 billion dollars. The debt-to-equity-ratio is 0.82, the quick ratio is 2.16, the current ratio is also 2.16, and the quick ratio is also 2.16. During the last year, Getty Realty has seen prices as low as $24.66 and as high as $33.35, with an average price of $33.35. The company’s moving averages for the past fifty days are $29.17, and the moving average for the past two hundred days is $27.97.

Getty Realty (NYSE: GTY) announced its most recent financial results on Wednesday, July 27. The real estate investment trust (REIT) reported earnings per share for the quarter of $0.64, which is $0.16 higher than the average projection made by industry experts, which was $0.50. According to the analysts’ projections, the revenue generated during the quarter could fall between $41.26 million and $40.81 million. Getty Realty had a return on equity of 11.05% and a net margin of 50.94% for the company overall. The company generated $0.49 per share during the same period the year before. By projections made by market analysts, Getty Realty is expected to generate earnings of 2.28 cents per share, by projections made by market analysts.

During the previous few months, several hedge funds and other types of institutional investors have modified their strategies to invest in the company. During the second quarter, Chilton Capital Management LLC expanded its portfolio of properties it owns by 3.4% by purchasing additional Getty Realty. Since yesterday, Chilton Capital Management LLC has increased its stake in the company by purchasing an additional 451 shares. This brings the total number of shares they own in the REIT to 13,907, giving it a market value of $374,000. Abrdn plc purchased a further 5.5% stake in Getty Realty during the year’s first three months. After making an additional purchase of 472 shares during the relevant period, Aberdeen plc now has a total of 9,036 shares of the real estate investment trust, valued at $258,000. This brings the company’s total number of shares owned to 9,036. Van Eck Associates Corporation purchased a further 15.1% stake in Getty Realty during the first three months of 2018. As a result of the recent purchase of an additional 478 shares, the value of the 3,648 shares of the real estate investment trust’s stock owned by Van Eck Associates Corp has increased by $104,000. These shares are held in the company’s name. The percentage of Getty Realty owned by Daiwa Securities Group Inc. increased by 4.4% during the year’s first three months. During the period, Daiwa Securities Group Inc. made an additional purchase of 492 shares, bringing the total number of shares of the real estate investment trust’s stock that it currently owns to 11,729. These shares are currently valued at $336,000 as of the current market price. And finally, during the second quarter, Meeder Asset Management Inc. added 110.8% more Getty Realty shares to its holdings in the company. As a result of the recent purchase of an additional 492 shares of the company’s stock, Meeder Asset Management Inc. now has 936 shares of the real estate investment trust’s stock, which has a value of $25,000. Institutional ownership currently accounts for 72.19 percent of the company’s total shares.