Getty Realty (NYSE:GTY) Research Coverage Started at Huntington

Huntington began coverage on shares of Getty Realty (NYSE:GTY) in a research note released on Wednesday morning, MarketBeat.com reports. The brokerage issued an outperform rating and a $37.00 target price on the real estate investment trust’s stock.

Other equities analysts have also recently issued reports about the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $35.00 price objective on shares of Getty Realty in a research report on Friday, April 24th. KeyCorp increased their price objective on shares of Getty Realty from $33.00 to $36.00 and gave the company an “overweight” rating in a research report 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. 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. Finally, Citigroup reiterated a “market outperform” rating on shares of Getty Realty in a research note on Friday, June 12th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Getty Realty presently has an average rating of “Moderate Buy” and an average target price of $34.17.

Getty Realty Stock Performance

GTY opened at $36.22 on Wednesday. Getty Realty has a 12-month low of $25.39 and a 12-month high of $36.53. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 2.97 and a beta of 0.72. The business has a 50 day moving average of $33.45 and a 200-day moving average of $32.30. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.92.

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

Getty Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend was Thursday, June 25th. Getty Realty’s dividend payout ratio is currently 127.63%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GTY. LSV Asset Management increased its stake in Getty Realty by 1,467.5% in the fourth quarter. LSV Asset Management now owns 233,563 shares of the real estate investment trust’s stock valued at $6,393,000 after acquiring an additional 218,663 shares during the last quarter. Vanguard Group Inc. lifted its stake in Getty Realty by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 8,488,950 shares of the real estate investment trust’s stock worth $232,343,000 after purchasing an additional 102,670 shares during the last quarter. Pensionfund Sabic acquired a new stake in shares of Getty Realty in the 4th quarter valued at $671,000. Legal & General Group Plc boosted its holdings in shares of Getty Realty by 17.6% in the 4th quarter. Legal & General Group Plc now owns 368,845 shares of the real estate investment trust’s stock valued at $10,095,000 after purchasing an additional 55,149 shares in the last quarter. Finally, Meritage Portfolio Management boosted its holdings in shares of Getty Realty by 31.2% in the 4th quarter. Meritage Portfolio Management now owns 141,628 shares of the real estate investment trust’s stock valued at $3,876,000 after purchasing an additional 33,675 shares in the last quarter. Institutional investors own 85.11% of the company’s stock.

Getty Realty Company Profile

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.