Getty Realty (NYSE:GTY) Hits New 52-Week Low at $25.70

Shares of Getty Realty Corp. (NYSE:GTY) reached a new 52-week low on Thursday . The company traded as low as $25.70 and last traded at $25.84, with a volume of 21112 shares traded. The stock had previously closed at $25.78.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on GTY shares. JMP Securities restated a “market outperform” rating and set a $33.00 target price on shares of Getty Realty in a research note on Monday, March 25th. StockNews.com upgraded shares of Getty Realty from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd.

Getty Realty Price Performance

The stock has a fifty day moving average of $27.30 and a 200-day moving average of $27.54. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 22.79 and a beta of 0.89.

Getty Realty (NYSE:GTY) last announced its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). The business had revenue of $48.97 million during the quarter, compared to analyst estimates of $46.63 million. Getty Realty had a net margin of 32.74% and a return on equity of 6.80%. During the same period last year, the company earned $0.56 earnings per share. On average, equities research analysts predict that Getty Realty Corp. will post 2.31 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 27th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.75%. The ex-dividend date is Thursday, June 27th. Getty Realty’s payout ratio is currently 153.85%.

Institutional Investors Weigh In On Getty Realty

Large investors have recently modified their holdings of the company. Baystate Wealth Management LLC acquired a new stake in shares of Getty Realty in the fourth quarter valued at approximately $29,000. Quadrant Capital Group LLC boosted its holdings in shares of Getty Realty by 67.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,836 shares of the real estate investment trust’s stock valued at $83,000 after acquiring an additional 1,144 shares during the period. SYSTM Wealth Solutions LLC boosted its holdings in shares of Getty Realty by 33.8% in the first quarter. SYSTM Wealth Solutions LLC now owns 3,195 shares of the real estate investment trust’s stock valued at $88,000 after acquiring an additional 807 shares during the period. Rocky Mountain Advisers LLC acquired a new stake in shares of Getty Realty in the fourth quarter valued at approximately $105,000. Finally, Van ECK Associates Corp boosted its holdings in shares of Getty Realty by 27.4% in the fourth quarter. Van ECK Associates Corp now owns 6,690 shares of the real estate investment trust’s stock valued at $195,000 after acquiring an additional 1,440 shares during the period. 85.11% of the stock is owned by institutional investors and hedge funds.

About Getty Realty