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

Key Points

• Getty Realty has a “Moderate Buy” consensus from nine analysts, with six buy ratings and three holds. The average 12-month price target is $35.29, above the stock’s reported $32.46 opening price.
• The REIT reported quarterly revenue of $59.05 million, up 10.9% year over year, though earnings of $0.36 per share narrowly missed analysts’ $0.37 estimate. Analysts expect approximately $2.45 in current-year EPS.
• Getty Realty declared a quarterly dividend of $0.485 per share, or $1.94 annualized, representing a 6.0% yield. Institutional investors and hedge funds own 85.11% of the company’s outstanding shares.

Getty Realty Corporation (NYSE:GTY - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nine analysts that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $35.2857.

A number of research firms have recently weighed in on GTY. Huntington initiated coverage on Getty Realty in a report on Wednesday, July 15th. They set an "outperform" rating and a $37.00 price target on the stock. Citigroup restated a "market outperform" rating on shares of Getty Realty in a research report on Tuesday. Royal Bank Of Canada lifted their target price 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. Weiss Ratings reiterated a "buy (b-)" rating on shares of Getty Realty in a research report on Friday, August 7th. Finally, Citizens Jmp reissued a "market outperform" rating and issued a $39.00 price target on shares of Getty Realty in a research note on Tuesday, September 1st.

Getty Realty Price Performance

Shares of NYSE GTY opened at $32.46 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.26 and a quick ratio of 2.26. The firm has a market capitalization of $2.01 billion, a PE ratio of 19.79, a P/E/G ratio of 2.87 and a beta of 0.72. Getty Realty has a 1-year low of $25.39 and a 1-year high of $36.83. The business's fifty day moving average price is $33.87 and its two-hundred day moving average price is $33.31.

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

Getty Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 24th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $1.94 annualized dividend and a yield of 6.0%. Getty Realty's dividend payout ratio is presently 118.29%.

Hedge Funds Weigh In On Getty Realty

Several large investors have recently bought and sold shares of GTY. BlackRock Inc. acquired a new stake in shares of Getty Realty in the 2nd quarter worth approximately $344,815,000. Vanguard Group Inc. increased its stake in shares of 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 valued at $232,343,000 after acquiring an additional 102,670 shares during the period. State Street Corp increased its stake in shares of Getty Realty by 1.5% during the fourth quarter. State Street Corp now owns 4,035,598 shares of the real estate investment trust's stock valued at $112,262,000 after acquiring an additional 60,137 shares during the period. California State Teachers Retirement System raised its holdings in Getty Realty by 2,889.5% during the second quarter. California State Teachers Retirement System now owns 2,123,231 shares of the real estate investment trust's stock worth $70,831,000 after purchasing an additional 2,052,208 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Getty Realty by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 1,472,865 shares of the real estate investment trust's stock worth $40,318,000 after purchasing an additional 28,155 shares in the last quarter. Institutional investors and hedge funds 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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