Brokerages Set Getty Realty Corporation (NYSE:GTY) Target Price at $33.60

Getty Realty Corporation (NYSE:GTY) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $33.60.

Several research analysts have weighed in on the stock. UBS Group upped their price objective on shares of Getty Realty from $29.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, March 9th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $35.00 price objective on shares of Getty Realty in a research note on Friday, April 24th. KeyCorp upped their price objective on shares of Getty Realty from $33.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Weiss Ratings upgraded shares of Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Finally, Robert W. Baird upped their price objective on shares of Getty Realty from $32.00 to $34.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. acquired a new position in shares of Getty Realty during the 1st quarter worth $31,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Getty Realty during the 3rd quarter worth $27,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Getty Realty during the 4th quarter worth $29,000. EverSource Wealth Advisors LLC increased its stake in shares of Getty Realty by 3,996.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,159 shares during the last quarter. Finally, Avalon Trust Co acquired a new position in shares of Getty Realty during the 1st quarter worth $38,000. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Stock Up 0.3%

Getty Realty stock opened at $32.21 on Friday. The firm has a market cap of $1.95 billion, a PE ratio of 21.19, a P/E/G ratio of 2.68 and a beta of 0.73. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.24 and a current ratio of 2.24. The firm’s 50 day moving average price is $33.01 and its two-hundred day moving average price is $31.12. Getty Realty has a twelve month low of $25.39 and a twelve month high of $34.75.

Getty Realty (NYSE:GTY) last released its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.09. The firm had revenue of $57.84 million for the quarter, compared to analyst estimates of $58.41 million. Getty Realty had a net margin of 40.06% and a return on equity of 8.76%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.59 EPS. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS. On average, research analysts predict that Getty Realty will post 2.4 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th will be paid a dividend of $0.485 per share. The ex-dividend date is Thursday, June 25th. This represents a $1.94 annualized dividend and a dividend yield of 6.0%. Getty Realty’s dividend payout ratio is 127.63%.

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.