Getty Realty (NYSE:GTY) Shares Gap Up on Better-Than-Expected Earnings

Getty Realty Corporation (NYSE:GTY) shares gapped up prior to trading on Thursday following a better than expected earnings announcement. The stock had previously closed at $33.21, but opened at $34.75. Getty Realty shares last traded at $33.3110, with a volume of 26,001 shares.

The real estate investment trust reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.09. Getty Realty had a net margin of 35.72% and a return on equity of 7.86%. The business had revenue of $57.84 million during the quarter, compared to the consensus estimate of $58.41 million. During the same period in the prior year, the firm earned $0.59 earnings per share. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS.

Getty Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Thursday, June 25th. Getty Realty’s dividend payout ratio is 144.78%.

Getty Realty News Roundup

Here are the key news stories impacting Getty Realty this week:

• Positive Sentiment: Q1 results beat and management raised full‑year guidance — Getty reported Q1 net EPS of $0.43, FFO of $0.69 and AFFO of $0.63, highlighted year‑over‑year revenue growth and increased FY 2026 EPS guidance to $2.50–2.52 (well above prior consensus), a strong near‑term positive catalyst. GlobeNewswire Q1 Release
• Positive Sentiment: Operational momentum — Company invested $30.3M across 29 properties, extended leases and raised committed pipeline to >$125M, increasing portfolio WALT to >10 years, supporting durable cash flows and growth. GlobeNewswire Q1 Release
• Positive Sentiment: Dividend and yield support income investors — Board declared quarterly cash dividend of $0.485 (annualized yield ~5.8%), reinforcing the REIT’s cash‑return profile. GlobeNewswire Dividend Release
• Neutral Sentiment: FFO/AFFO metrics broadly positive but mixed reads — Q1 FFO/AFFO slightly beat estimates (FFO $0.63–$0.69 per various reports), signaling healthy operating cash flow, while some metrics merit further monitoring. Zacks FFO Coverage
• Neutral Sentiment: Capital raising to fund growth — Getty raised ~$130M via a follow‑on offering and $250M via a private notes placement, then repaid revolver amounts; this improves liquidity for acquisitions but expands share count and leverage considerations. GlobeNewswire Q1 Release
• Neutral Sentiment: Analyst and media coverage — Coverage by Seeking Alpha and earnings transcripts provide additional detail for investors; these are informational but not immediate price drivers. Seeking Alpha: Discount Thesis Seeking Alpha: Q1 Analysis
• Negative Sentiment: Minor top‑line miss and historical EPS comparisons — Q1 revenue ($57.84M) slightly missed consensus (~$58.4M) and GAAP EPS remains below last year’s ($0.43 vs $0.59), which could temper enthusiasm for some investors. Company Press Release / Slides
• Negative Sentiment: Limited near‑term upside implied by some analyst action — Robert W. Baird raised its price target to $34 but kept a “neutral” rating, signaling limited upside from current levels which can cap upside momentum. Benzinga / The Fly note on Baird

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GTY shares. Weiss Ratings raised Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, April 15th. Robert W. Baird upped their price objective on Getty Realty from $32.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday. UBS Group raised their target price on Getty Realty from $29.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, March 9th. Finally, Royal Bank Of Canada boosted their price target on shares of Getty Realty from $30.00 to $33.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Getty Realty currently has a consensus rating of “Moderate Buy” and an average target price of $32.60.

Hedge Funds Weigh In On Getty Realty

Several hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its position in Getty Realty by 26.4% in the fourth quarter. Farther Finance Advisors LLC now owns 1,724 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 360 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Getty Realty by 3.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,160 shares of the real estate investment trust’s stock worth $333,000 after purchasing an additional 400 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Getty Realty by 36.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,572 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 418 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Getty Realty by 1.2% in the 3rd quarter. Teacher Retirement System of Texas now owns 37,714 shares of the real estate investment trust’s stock valued at $1,012,000 after purchasing an additional 450 shares during the period. Finally, Chatham Capital Group Inc. increased its stake in Getty Realty by 0.8% in the 4th quarter. Chatham Capital Group Inc. now owns 60,052 shares of the real estate investment trust’s stock worth $1,644,000 after purchasing an additional 465 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Stock Up 0.9%

The business’s 50 day simple moving average is $32.97 and its 200 day simple moving average is $29.91. The company has a market capitalization of $2.00 billion, a PE ratio of 24.91, a price-to-earnings-growth ratio of 2.51 and a beta of 0.81. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.93.

About Getty Realty

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company’s portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.