Getty Realty (NYSE:GTY) Earns Overweight Rating from KeyCorp

Key Points

• KeyCorp reaffirmed its “overweight” rating on Getty Realty and set a $36 price target, implying roughly 27% upside from the stock’s $28.33 closing price. Analysts overall rate the REIT a “Moderate Buy,” with an average target of $35.75.
• Getty Realty’s shares fell 2% to $28.33, below both its 50-day and 200-day moving averages. The stock has traded between $25.39 and $36.83 over the past year.
• The company slightly missed quarterly EPS expectations at $0.36 versus $0.37, but revenue reached $59.05 million and increased 10.9% year over year. Institutional investors own approximately 85.11% of Getty Realty’s shares.

Getty Realty (NYSE:GTY - Get Free Report)'s stock had its "overweight" rating reaffirmed by KeyCorp in a report released on Thursday, Benzinga reports. They currently have a $36.00 price objective on the real estate investment trust's stock. KeyCorp's price target would suggest a potential upside of 27.06% from the stock's current price.

A number of other equities research analysts have also commented on the company. Deutsche Bank Aktiengesellschaft set a $39.00 price target on Getty Realty in a research report on Wednesday. Huntington started coverage on Getty Realty in a research note on Wednesday, July 15th. They issued an "outperform" rating and a $37.00 price objective for the company. Citizens Jmp restated a "market outperform" rating and issued a $39.00 price objective on shares of Getty Realty in a research note on Tuesday, September 1st. Robert W. Baird upped their price objective on Getty Realty from $34.00 to $36.00 and gave the company a "neutral" rating in a research note on Thursday, July 23rd. Finally, Royal Bank Of Canada upped their price objective on Getty Realty from $35.00 to $36.00 and gave the company a "sector perform" rating in a research note on Friday, July 24th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $35.75.

Getty Realty Stock Down 2.0%

NYSE GTY traded down $0.58 on Thursday, reaching $28.33. The company had a trading volume of 29,025 shares, compared to its average volume of 520,938. The stock has a market capitalization of $1.75 billion, a P/E ratio of 17.33, a P/E/G ratio of 2.60 and a beta of 0.72. The company's fifty day moving average is $33.05 and its 200 day moving average is $33.16. Getty Realty has a 52-week low of $25.39 and a 52-week high of $36.83. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.95.

Getty Realty (NYSE:GTY - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). The company had revenue of $59.05 million during the quarter, compared to analysts' expectations of $58.45 million. Getty Realty had a net margin of 42.74% and a return on equity of 9.27%. Getty Realty's quarterly revenue was up 10.9% on a year-over-year basis. Getty Realty has set its FY 2026 guidance at 2.520-2.540 EPS. Sell-side analysts anticipate that Getty Realty will post 2.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Avalon Trust Co bought a new position in Getty Realty in the 1st quarter worth about $38,000. Global Retirement Partners LLC bought a new position in Getty Realty in the 2nd quarter worth about $43,000. Optiver Holding B.V. boosted its stake in Getty Realty by 380.2% in the 1st quarter. Optiver Holding B.V. now owns 1,556 shares of the real estate investment trust's stock worth $49,000 after purchasing an additional 1,232 shares during the period. Nykredit A S bought a new position in Getty Realty in the 2nd quarter worth about $52,000. Finally, Integrated Wealth Concepts LLC bought a new position in Getty Realty in the 2nd quarter worth about $67,000. Institutional investors own 85.11% of the company's stock.

Getty Realty Company Profile

Getty Realty Corp. NYSE: GTY is a real estate investment trust that owns, leases and develops convenience store and automotive service properties. The company primarily invests in properties operated by convenience stores, gas stations, automotive repair businesses, car washes, tire and service centers, and other automotive-related retailers.

Getty Realty generally leases its properties to operators under long-term, often triple-net lease agreements, under which tenants are typically responsible for property taxes, insurance, maintenance and other operating costs.