Getty Realty Corporation (NYSE:GTY) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Broker sentiment is moderately bullish: Six of nine analysts rate Getty Realty a buy and three recommend holding the stock, with an average 12-month price target of $35.75 versus its recent price of $28.23.
• Getty Realty reported quarterly revenue of $59.05 million, up 10.9% year over year, though earnings per share of $0.36 narrowly missed consensus estimates of $0.37.
• The REIT declared a quarterly dividend of $0.485 per share, equivalent to a 6.9% annualized yield; institutional investors and hedge funds own 85.11% of the company’s stock.

Shares of Getty Realty Corporation (NYSE:GTY - Get Free Report) have been given an average recommendation of "Moderate Buy" by the nine brokerages that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $35.75.

GTY has been the subject of a number of research analyst reports. Citigroup restated a "market outperform" rating on shares of Getty Realty in a research report on Wednesday, September 23rd. Weiss Ratings downgraded Getty Realty from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, September 24th. Deutsche Bank Aktiengesellschaft set a $39.00 price objective on Getty Realty in a report on Wednesday, September 23rd. KeyCorp reaffirmed an "overweight" rating and set a $36.00 target price on shares of Getty Realty in a research note on Thursday, September 24th. Finally, Citizens Jmp reaffirmed a "market outperform" rating and set a $39.00 target price on shares of Getty Realty in a report on Tuesday, September 1st.

Hedge Funds Weigh In On Getty Realty

Hedge funds have recently made changes to their positions in the business. Avalon Trust Co acquired a new stake in Getty Realty during the first quarter valued at approximately $38,000. Global Retirement Partners LLC acquired a new position in Getty Realty in the second quarter worth approximately $43,000. Optiver Holding B.V. grew its position in Getty Realty by 380.2% in the first quarter. Optiver Holding B.V. now owns 1,556 shares of the real estate investment trust's stock worth $49,000 after buying an additional 1,232 shares during the last quarter. Nykredit A S bought a new position in shares of Getty Realty in the second quarter valued at $52,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Getty Realty in the second quarter valued at $67,000. Institutional investors and hedge funds own 85.11% of the company's stock.

Getty Realty Stock Down 1.0%

Getty Realty stock opened at $28.23 on Thursday. Getty Realty has a 52 week low of $25.39 and a 52 week high of $36.83. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 2.10 and a beta of 0.72. The company's 50-day moving average price is $32.29 and its two-hundred day moving average price is $33.00. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.95.

Getty Realty (NYSE:GTY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). Getty Realty had a return on equity of 9.27% and a net margin of 42.74%.The company had revenue of $59.05 million during the quarter, compared to analyst estimates of $58.45 million. The firm'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. On average, analysts expect that Getty Realty will post 2.45 EPS for the current fiscal year.

Getty Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 24th will be given a dividend of $0.4850 per share. The ex-dividend date is Thursday, September 24th. This represents a $1.94 annualized dividend and a dividend yield of 6.9%. Getty Realty's dividend payout ratio (DPR) is 118.29%.

About Getty Realty

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.

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