Getty Realty Corporation (NYSE:GTY) Stock Now Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Getty Realty received a “Moderate Buy” consensus rating from eight analysts, split evenly between buy and hold recommendations. The average 12-month price target is $36.57, above the reported share price of $27.99.
• The REIT exceeded quarterly earnings and revenue expectations, reporting $0.40 EPS on $62.99 million in revenue, with revenue up 12% year over year. Analysts expect full-year EPS of approximately $2.45.
• Getty Realty raised its quarterly dividend to $0.50, implying a 7.1% yield, but investors should weigh the attractive income against its high payout ratio and exposure to convenience-store, fuel and automotive-service tenants.

Getty Realty Corporation (NYSE:GTY - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eight analysts that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $36.57.

Several research firms have recently issued reports on GTY. Huntington started coverage on shares of Getty Realty in a report on Wednesday, July 15th. They issued an "outperform" rating and a $37.00 target price for the company. Citigroup reissued a "market outperform" rating on shares of Getty Realty in a research report on Wednesday, September 23rd. Citizens Jmp reissued a "market outperform" rating and issued a $39.00 price objective on shares of Getty Realty in a research report on Tuesday, September 1st. Royal Bank Of Canada raised their price objective on shares of Getty Realty from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research note on Friday, July 24th. Finally, KeyCorp restated an "overweight" rating and set a $36.00 target price on shares of Getty Realty in a research report on Thursday, September 24th.

Getty Realty Price Performance

Shares of Getty Realty stock opened at $27.99 on Monday. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 2.07 and a beta of 0.72. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.82 and a current ratio of 2.82. The stock has a 50 day moving average price of $30.31 and a 200-day moving average price of $32.45. Getty Realty has a one year low of $26.91 and a one year high of $36.83.

Getty Realty (NYSE:GTY - Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The real estate investment trust reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. The company had revenue of $62.99 million during the quarter, compared to analyst estimates of $59.18 million. Getty Realty had a net margin of 42.37% and a return on equity of 8.93%. Getty Realty's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.62 earnings per share. Equities analysts expect that Getty Realty will post 2.45 EPS for the current year.

Getty Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Thursday, December 24th will be issued a $0.50 dividend. The ex-dividend date is Thursday, December 24th. This is a positive change from Getty Realty's previous quarterly dividend of $0.4850. This represents a $2.00 annualized dividend and a dividend yield of 7.1%. Getty Realty's dividend payout ratio (DPR) is currently 118.29%.

Key Stories Impacting Getty Realty

Here are the key news stories impacting Getty Realty this week:

• Positive Sentiment: Getty Realty reported third-quarter FFO of $0.64 per share, above the $0.63 analyst consensus and up from $0.62 a year earlier. Revenue and AFFO also increased, supporting the company’s core net-lease business. Getty Realty Tops Q3 FFO and Revenue Estimates
• Positive Sentiment: Management raised its 2026 AFFO guidance and increased the dividend, reinforcing the company’s income-investment appeal. Getty has now delivered 13 consecutive years of dividend increases, with the yield approaching 7% based on recent coverage. Is Getty Realty Undervalued After Raising Guidance and Its Dividend?
• Positive Sentiment: The company highlighted record investment activity and a strengthened balance sheet, which could support future rent growth and acquisitions. Getty Realty Highlights Record Investments and Strengthened Balance Sheet
• Neutral Sentiment: Analyst commentary generally views GTY as undervalued after the sell-off, but the investment case depends on continued AFFO growth and reliable dividend coverage. Getty Realty: This Sell-Off Makes An Undervalued REIT Even More Attractive
• Negative Sentiment: Getty’s portfolio is concentrated in convenience stores and automotive-service properties, exposing it to sector-specific changes in fuel demand, regulation and tenant health that other net-lease REITs may avoid. A 6.9% Dividend Yield and 13 Years of Raises. What’s the Catch With Getty Realty?
• Negative Sentiment: Weaker financing conditions are expected to slow mergers and acquisitions, potentially limiting Getty Realty’s ability to deploy capital and expand AFFO in the near term. Getty Realty: M&A Set to Slow Amid Weaker Financing Conditions

Institutional Investors Weigh In On Getty Realty

A number of institutional investors and hedge funds have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Getty Realty by 20,892.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 289,066 shares of the real estate investment trust's stock valued at $9,643,000 after acquiring an additional 287,689 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Getty Realty in the second quarter worth $2,189,000. Ieq Capital LLC bought a new stake in Getty Realty during the 2nd quarter valued at about $1,208,000. Ranch Capital Advisors Inc. purchased a new stake in shares of Getty Realty in the first quarter valued at approximately $1,777,000. Finally, Legal & General Group Plc purchased a new stake in shares of Getty Realty in the 2nd quarter worth $11,467,000. 85.11% of the stock is owned by institutional investors.

Getty Realty Company Profile

Getty Realty Corp. is a real estate investment trust that owns, leases and develops convenience store, gasoline station and automotive service properties. Its portfolio also includes properties used for car washes, truck service, automotive parts and repairs, and other retail and service businesses.

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

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