Getty Realty Corporation (NYSE:GTY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Getty Realty Corporation (NYSE:GTY) has been given a consensus rating of “Moderate Buy” by the seven analysts that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $33.60.

Several analysts recently commented on the stock. UBS Group lifted their target price on shares of Getty Realty from $29.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, March 9th. KeyCorp lifted their target price on shares of Getty Realty from $33.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Robert W. Baird lifted their target price on shares of Getty Realty from $32.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Citigroup reaffirmed a “market outperform” rating on shares of Getty Realty in a report on Friday, June 12th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $35.00 target price on shares of Getty Realty in a report on Friday, April 24th.

Getty Realty Stock Down 0.9%

Getty Realty stock opened at $33.71 on Tuesday. The firm has a market capitalization of $2.04 billion, a PE ratio of 22.17, a P/E/G ratio of 2.80 and a beta of 0.73. The company’s 50-day moving average is $33.15 and its 200-day moving average is $31.71. Getty Realty has a fifty-two week low of $25.39 and a fifty-two week high of $34.75. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.24 and a quick ratio of 2.24.

Getty Realty (NYSE:GTY) last announced its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.43 EPS for the quarter, topping the consensus estimate of $0.34 by $0.09. The business had revenue of $57.84 million during the quarter, compared to the consensus estimate of $58.41 million. Getty Realty had a net margin of 40.06% and a return on equity of 8.76%. Getty Realty’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 EPS. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS. Sell-side analysts anticipate that Getty Realty will post 2.42 earnings per share for the current year.

Getty Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 25th will be issued a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $1.94 annualized dividend and a dividend yield of 5.8%. Getty Realty’s payout ratio is presently 127.63%.

Institutional Trading of Getty Realty

A number of institutional investors have recently bought and sold shares of GTY. Schonfeld Strategic Advisors LLC boosted its holdings in Getty Realty by 2,308.6% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 457,536 shares of the real estate investment trust’s stock valued at $12,276,000 after purchasing an additional 438,540 shares during the period. Marshall Wace LLP boosted its holdings in Getty Realty by 164.7% in the 4th quarter. Marshall Wace LLP now owns 637,865 shares of the real estate investment trust’s stock valued at $17,458,000 after purchasing an additional 396,897 shares during the period. Heartland Advisors Inc. bought a new stake in Getty Realty in the 1st quarter valued at about $11,130,000. Millennium Management LLC boosted its holdings in Getty Realty by 42.3% in the 3rd quarter. Millennium Management LLC now owns 1,142,413 shares of the real estate investment trust’s stock valued at $30,651,000 after purchasing an additional 339,388 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Getty Realty by 75.8% in the 1st quarter. Bank of America Corp DE now owns 780,288 shares of the real estate investment trust’s stock valued at $24,813,000 after purchasing an additional 336,431 shares during the period. Institutional investors own 85.11% of the company’s stock.

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.