The Vanguard Group, Inc. has recently announced that it has increased stake in Getty Realty Corp. (NYSE:GTY) by 1.26%. After grabbing 6.66 million shares, the institutional investor is now in possession of 82876.0 shares of the Real Estate Company. The new investment brought the stake of investor firm to 14.26% having worth around $220.02 million. Moreover, SSgA Funds Management, Inc. increased its share by 37585.0 to have a control over 2.72 million shares. And American Century Investment Manag raised its holdings to 6352.0 shares by acquiring 0.97 million shares or 2.07% of the stake.
Getty Realty Corp. (GTY) concluded trading on 01/12/23 at a closing price of $35.30, with 0.58 million shares of worth about $20.31 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 33.06% during that period and on Thursday the price saw a loss of about -0.51%. Currently the company’s common shares owned by public are about 46.73M shares, out of which, 42.17M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 8 analysts are covering the GTY stock and their offered price forecasts bring an average price target of $33.29. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $37.00 and could fall to a lowest price of $30.00. The stock’s current price level is -6.04% below of average price target set by the analysts, while a dip to estimated low would result in loss of -17.67% for the stock. However, touching the estimated high of $37.00 would mean a gain of 4.59% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 4 times over the past 12 months. They bought 12,000 shares in 3 of the transactions. In 1 selling transactions, insiders dumped 3,600 shares.
iShares Core S&P Small Cap ETF, Vanguard Real Estate Index Fund, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in Getty Realty Corp. iShares Core S&P Small Cap ETF is currently holding 2.96 million shares of worth totaling $97.83 million. The company recently came buying 0.0 shares which brought its stake up to 6.34% of the company’s outstanding shares. Vanguard Real Estate Index Fund sold 6833.0 shares, after which its hold over company’s outstanding shares shrunk to 3.84%, leaving 1.79 million shares with the mutual fund that have a worth of about $59.21 million. Vanguard Total Stock Market Index, after buying 1.18 million shares, have now control over 2.52% of the stake in the company. It holds 0.0 shares of worth $38.91 million.
Getty Realty Corp. (NYSE: GTY) started trading at $35.56, above $0.08 from concluding price of the previous day. However, the stock later moved at a day high price of 35.59, or with a loss of -0.51%. Stock saw a price change of 2.53% in past 5 days and over the past one month there was a price change of 5.56%. Year-to-date (YTD), GTY shares are showing a performance of 4.28% which increased to 12.49% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $24.66 but also hit the highest price of $35.77 during that period. The average intraday trading volume for Getty Realty Corp. shares is 343.84K. The stock is currently trading 2.60% above its 20-day simple moving average (SMA20), while that difference is up 6.04% for SMA50 and it goes to 20.30% higher than SMA200.
The Vanguard Group, Inc. acquired 6.66 million shares of Getty Realty Corp. having value of about $220.02 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 82876.0 shares in the company valued at close to $2925522.8, or have control over 1.26% stake in the company. Getty Realty Corp. (NYSE: GTY) currently have 46.73M outstanding shares and institutions hold larger chunk of about 76.50% of that. Holding of mutual funds in the company is about 27.82% while other institutional holders and individual stake holders have control over 48.04% and 14.29% of the stake respectively.
The stock has a current market capitalization of $1.66B and its 3Y-monthly beta is at 0.90. PE ratio of stock for trailing 12 months is 20.83, while it has posted earnings per share of $1.70 in the same period. It has a debt-to-equity ratio of 0.83. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GTY, volatility over the week remained 1.68% while standing at 2.00% over the month.
Analysts are in expectations that Getty Realty Corp. (GTY) stock would likely to be making an EPS of $0.27 in the current quarter, while forecast for next quarter EPS is $0.29 and it is $1.16 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.27 which is $0.28 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.38 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -15.30% while it is estimated to decrease by -25.60% in next year.
Analysts at 8 brokerage firms have issued recommendations for the Getty Realty Corp. (GTY)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.40. Out of those 8 Wall Street analysts, 3 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Robert W. Baird on January 06, 2023 offering a Neutral rating for the stock and assigned a target price range of between $33 and $34 to it. On August 24, 2022, BofA Securities Upgrade their recommendations, while on May 10, 2022, JMP Securities Initiated their ratings for the stock with a price target of $32. Stock get an Underperform rating from BofA Securities on January 20, 2022.