During August, the number of short positions in Getty Realty Corporation (NYSE: GTY) went down by a large amount. Nine hundred seventy-four thousand one hundred shares were available for a short sale the previous day, but as of August 15, there were only 826,500 shares available for a short sale. It decreased 15.2% from the previous day’s short sale availability.
The current days-to-cover ratio is 4.5 days, which is determined by the fact that the average daily volume of shares traded is 185,100. This ratio can be found by multiplying the daily volume of shares traded by 4.5. Short sales account for 2% of the total number of shares actively traded in the corporation. There have been a great number of stock research analysts that have discussed the company and supplied their thoughts. On Thursday, August 25, Getty Realty was added to the portfolio of companies covered by Redburn Partners. In their investment portfolio, the company’s shares were rated “neutral.”
In a report released Tuesday, August 2, Royal Bank of Canada increased their price target on Getty Realty from $27.00 to $30.00. The previous price objective was $27.00. The financial institution assigned the business the rating of “sector perform” and raised their price objective. Getty Realty released its research on May 10, the first time they discussed the company. They have given the company an “outperform” rating and determined that its price target should be $32.00. The rating for Getty Realty was moved from “hold” to “buy” in a report published on Thursday, July 28, by Bloomberg, indicating a stronger recommendation for the investment.
In a report released on August 24, Bank of America upgraded Getty Realty from an “underperform” rating to a “neutral” rating. It established a price objective of $33.00 for the company. The study was published on a Wednesday. was It is the final alteration that might be considered important in the research. There are a total of six distinct financial gurus that have advocated for the purchase or retention of the company’s stock. The hold is the rating that was given to the company by three analysts.
The information provided by Bloomberg indicates that the firm is now regarded as having an average recommendation of “Moderate Buy,” and the average price objective for each share is set at $32.25. GTY shares were first offered for sale on Tuesday for $30.50. A simple moving average of $28.19 has been calculated for the company over the last 50 days, and a simple moving average of $27.78 for the last 200 days. The firm’s market capitalization is currently 1.43 billion dollars, and it has a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 2.58, and a beta value of 0.84. 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.
The lowest price that Getty Realty has been at in the past year is $24.66, and the company’s all-time high was $33.35. On Wednesday, July 27, the findings of Getty Realty’s most recent quarterly financial report were made public. Getty Realty trades under the ticker symbol “GTY” on the New York Stock Exchange. The earnings per share (EPS) that the real estate investment trust (REIT) announced for the quarter came in at $0.64, which was $0.38 better than the average forecast of $0.26 that analysts made. Getty Realty had a return on equity of 11.05% and a net margin for the company of 11.05%.
The net margin stood at 50.94 percent. In the same period as the previous year, the company generated $0.49 per share earnings. During the current fiscal year, equity research professionals anticipate that Getty Realty will generate earnings of $2.07 per share for its shareholders. In addition, the company has just disclosed that it will be disbursing a quarterly dividend to its shareholders on Thursday, October 6, as per the announcement made by the company. On Thursday, September 22, stockholders already on record will be eligible to receive dividends for $0.41 per share, which will be disbursed. The date shareholders will no longer receive a dividend is September 21. According to those calculations, this corresponds to a yearly dividend of $1.64 and a yield of 5.38%. Currently, 95.91% of Getty Realty’s earnings are being dispersed among its shareholders in the form of dividends. Recently, hedge funds’ ownership percentages in the company have either increased or decreased, depending on the direction of the trend.
The New York State Teachers’ Retirement System boosted the Getty Realty stock is owned by 8.6 percent during the first three months. The New York State Teachers’ Retirement System now has 49,365 shares of the real estate investment trust following purchasing an additional 3,900 shares during the most recent quarter. The shares have a combined value of $1,413,000 because the system has 49,365 shares. According to this company’s efforts, the percentage of Getty Realty shares that Charles Schwab Investment Management Inc. possessed at the end of 2018’s fourth quarter increased by 0.3%. Charles Schwab Investment Management Inc. now holds 615,725 shares of the real estate investment trust following the purchase of an additional 1,968 shares during the quarter. The value of the company’s combined holdings of these shares is currently equal to $19,765,000.
Exchange Traded Concepts LLC bought an additional 17.6% of Getty Realty during the first three months of 2018, bringing the total amount it held in the company to 100%. Exchange Traded Concepts LLC currently holds a total of 183,616 real estate investment trust shares after purchasing an additional 27,460 shares during the quarter. It gives the portfolio a value of $5,255,000. The value of the portfolio was increased as a result of the purchase. Mitsubishi UFJ Trust & Banking Corp. increased its ownership of Getty Realty by 226.7 percent in the fourth quarter of 2018. Mitsubishi UFJ Trust & Banking Corp now owns 1,062 shares of the company’s stock, which is $34,000. This is because the company purchased an additional 737 shares of the real estate investment trust during the quarter, bringing its total number of shares owned in the company to 1,062. In the final three months of 2018, Abrdn plc made a 5.9% gain in the number of Getty Realty shares it owned, bringing its total to a percentage that was 5.9%.
As a result of Aberdeen plc’s purchase of an additional 475 shares during the period in question, the company now holds a total of 8,564 shares of the real estate investment trust, collectively valued at $275,000 in total. Institutional investors and hedge funds own the bulk of the company’s stock, which accounts for 71.77% of the total value of the company’s shares outstanding. The Getty Realty Company: the pertinent information and data.