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

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%.

Shares of Getty Realty Corporation (NYSE:GTY - Get Free Report) have received a consensus rating of "Moderate Buy" from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $32.6667.

Several research analysts recently commented on GTY shares. KeyCorp reduced their price objective on 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 downgraded Getty Realty from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Finally, UBS Group increased their price objective on Getty Realty from $28.00 to $30.00 and gave the company a "neutral" rating in a research note on Friday, August 15th.

Institutional Trading of Getty Realty

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. increased its stake in shares of Getty Realty by 7.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,300 shares of the real estate investment trust's stock worth $146,000 after acquiring an additional 356 shares during the last quarter. US Bancorp DE increased its stake in shares of Getty Realty by 52.4% in the 1st quarter. US Bancorp DE now owns 1,093 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 376 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Getty Realty by 11.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,933 shares of the real estate investment trust's stock worth $123,000 after acquiring an additional 409 shares during the last quarter. KLP Kapitalforvaltning AS increased its stake in shares of Getty Realty by 1.8% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 28,500 shares of the real estate investment trust's stock worth $799,000 after acquiring an additional 500 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Getty Realty by 0.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 72,117 shares of the real estate investment trust's stock worth $2,173,000 after acquiring an additional 519 shares during the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Getty Realty Price Performance

NYSE GTY traded up $0.15 during mid-day trading on Wednesday, hitting $28.57. The stock had a trading volume of 274,190 shares, compared to its average volume of 319,044. The firm's 50 day moving average is $27.97 and its 200 day moving average is $28.91. Getty Realty has a twelve month low of $26.42 and a twelve month high of $33.85. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.98 and a quick ratio of 1.98. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 2.15 and a beta of 0.83.

Getty Realty (NYSE:GTY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.59 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $51.59 million. Getty Realty has set its FY 2025 guidance at 2.400-2.41 EPS. Equities research analysts forecast that Getty Realty will post 2.29 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 25th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Thursday, September 25th. Getty Realty's dividend payout ratio is currently 163.48%.

About Getty Realty