Getty Realty's (GTY) Market Outperform Rating Reaffirmed at Citizens Jmp

Key Points

• Citizens JMP reaffirmed its “market outperform” rating on Getty Realty and set a $39 price target, implying approximately 19.9% upside from the prior close. Analysts overall rate the REIT “Moderate Buy,” with a consensus target of $35.29.
• Getty Realty’s shares opened at $32.54 and were down 1.0%. The company’s latest quarterly revenue rose 10.9% year over year to $59.05 million, though EPS of $0.36 narrowly missed estimates.
• Institutional investors own 85.11% of Getty Realty’s stock, with several hedge funds and financial institutions increasing their positions in recent quarters.

Getty Realty (NYSE:GTY - Get Free Report)'s stock had its "market outperform" rating reissued by Citizens Jmp in a research report issued on Tuesday, Benzinga reports. They currently have a $39.00 price objective on the real estate investment trust's stock. Citizens Jmp's price target points to a potential upside of 19.86% from the stock's previous close.

Several other equities research analysts also recently commented on the stock. Huntington assumed coverage on shares of Getty Realty in a research report on Wednesday, July 15th. They set an "outperform" rating and a $37.00 target price on the stock. KeyCorp raised their price target 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. Citigroup reiterated a "market outperform" rating on shares of Getty Realty in a report on Tuesday. Robert W. Baird boosted their price objective on Getty Realty from $34.00 to $36.00 and gave the stock a "neutral" rating in a report on Thursday, July 23rd. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Getty Realty in a report on Friday, August 7th. 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 company presently has an average rating of "Moderate Buy" and a consensus target price of $35.29.

Getty Realty Trading Down 1.0%

Shares of GTY opened at $32.54 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.26 and a current ratio of 2.26. Getty Realty has a 52-week low of $25.39 and a 52-week high of $36.83. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.90 and a beta of 0.72. The business's fifty day moving average is $33.97 and its 200-day moving average is $33.32.

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

Hedge Funds Weigh In On Getty Realty

A number of hedge funds and other institutional investors have recently modified their holdings of the business. HB Wealth Management LLC increased its position in shares of Getty Realty by 3.1% during the second quarter. HB Wealth Management LLC now owns 10,329 shares of the real estate investment trust's stock valued at $345,000 after acquiring an additional 314 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Getty Realty by 26.4% in the 4th 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 boosted its holdings in shares of Getty Realty by 3.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,160 shares of the real estate investment trust's stock worth $333,000 after buying an additional 400 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Getty Realty by 2.2% during the second quarter. The Manufacturers Life Insurance Company now owns 25,441 shares of the real estate investment trust's stock valued at $703,000 after buying an additional 548 shares during the period. Finally, Fifth Third Bancorp grew its position in Getty Realty by 48.0% during the fourth quarter. Fifth Third Bancorp now owns 1,902 shares of the real estate investment trust's stock valued at $52,000 after buying an additional 617 shares during the period. Hedge funds and other 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.

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