Market Overview

UPDATE: J.P. Morgan Raises Getty Realty's PT

Related GTY
Why Getty Realty Stock Might Be A Great Pick - Tale Of The Tape
Getty Realty Announces Settlement in Principle Reached by Getty Petroleum Marketing Trust of Its Lawsuit against Lukoil for $93M

According to a research report published this morning, J.P. Morgan has increased Getty Realty's (NYSE: GTY) PT from $12 to $13.

In the report, J.P. Morgan said, "We are increasing our 2012 and lowering our 2013 FFO estimates for GTY. Pegging FFO for GTY continues to be difficult right now given the many unanswered questions as GTY works through the repositioning of the leases previously under the master lease with its former largest (55% of revenue) tenant, Getty Petroleum Marketing, Inc. (Marketing). GTY assumed the master lease on April 30 and began the repositioning process."

J.P. Morgan maintains its Underweight rating on Getty Realty, which closed Friday at $16.07.

Posted-In: J.P. MorganAnalyst Color Price Target Analyst Ratings


Related Articles (GTY)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters

Benzinga Professional