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

Key Points

• Getty Realty Corporation has received a consensus rating of "Moderate Buy" from six brokerages, with an average 12-month target price of $32.67.
• Institutional investors have recently increased their positions in Getty Realty, with hedge funds owning 85.11% of the company's stock.
• The company announced a quarterly dividend of $0.47 per share, representing an annualized yield of 6.6% and a payout ratio of 163.48%.

Getty Realty Corporation (NYSE:GTY - Get Free Report) has received an average recommendation of "Moderate Buy" from the six brokerages that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $32.6667.

Several analysts have recently weighed in on the stock. KeyCorp dropped their price target on shares of Getty Realty from $35.00 to $33.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. Wall Street Zen cut Getty Realty from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, UBS Group raised their target price on Getty Realty from $28.00 to $30.00 and gave the stock a "neutral" rating in a research note on Friday, August 15th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. LPL Financial LLC raised its stake in shares of Getty Realty by 30.1% in the 1st quarter. LPL Financial LLC now owns 88,476 shares of the real estate investment trust's stock valued at $2,759,000 after acquiring an additional 20,473 shares during the period. D.A. Davidson & CO. purchased a new position in shares of Getty Realty during the 1st quarter worth approximately $211,000. GAMMA Investing LLC increased its holdings in Getty Realty by 3,339.0% in the 1st quarter. GAMMA Investing LLC now owns 51,104 shares of the real estate investment trust's stock valued at $1,639,000 after purchasing an additional 49,618 shares during the last quarter. Teacher Retirement System of Texas raised its position in Getty Realty by 21.8% in the first quarter. Teacher Retirement System of Texas now owns 44,950 shares of the real estate investment trust's stock valued at $1,402,000 after purchasing an additional 8,056 shares during the period. Finally, SG Americas Securities LLC raised its position in Getty Realty by 417.1% in the first quarter. SG Americas Securities LLC now owns 23,415 shares of the real estate investment trust's stock valued at $730,000 after purchasing an additional 18,887 shares during the period. Hedge funds and other institutional investors own 85.11% of the company's stock.

Getty Realty Trading Up 0.5%

Shares of NYSE GTY traded up $0.15 during trading on Wednesday, hitting $28.57. 274,190 shares of the company were exchanged, compared to its average volume of 314,797. Getty Realty has a 12-month low of $26.42 and a 12-month high of $33.85. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.98 and a current ratio of 1.98. The company has a fifty day moving average price of $27.95 and a 200-day moving average price of $28.88. The firm has a market capitalization of $1.62 billion, a PE ratio of 24.84, a P/E/G ratio of 2.15 and a beta of 0.86.

Getty Realty (NYSE:GTY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). Getty Realty had a net margin of 31.62% and a return on equity of 6.87%. The firm had revenue of $51.31 million during the quarter, compared to analysts' expectations of $51.59 million. Getty Realty has set its FY 2025 guidance at 2.400-2.41 EPS. As a group, equities research analysts expect that Getty Realty will post 2.29 EPS for the current year.

Getty Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 25th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend is Thursday, September 25th. Getty Realty's dividend payout ratio (DPR) is presently 163.48%.

Getty Realty Company Profile