Getty Realty Corporation (NYSE:GTY) Receives $32.60 Average Price Target from Brokerages

Key Points

• Getty Realty Corporation (NYSE:GTY) has a consensus rating of “Moderate Buy”, with two analysts recommending a hold and three a buy.
• The company recently declared a $0.47 quarterly dividend, translating to an annual yield of 6.9% despite a high payout ratio of 163.48%.
• Analysts have set an average 12-month target price for Getty Realty at $32.60, indicating potential upside from its current trading price of about $27.43.

Getty Realty Corporation (NYSE:GTY - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the five brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $32.60.

GTY has been the topic of a number of recent research reports. UBS Group lifted their target price on shares of Getty Realty from $28.00 to $30.00 and gave the company a "neutral" rating in a report on Friday, August 15th. Wall Street Zen raised Getty Realty from a "sell" rating to a "hold" rating in a report on Saturday, September 13th.

Hedge Funds Weigh In On Getty Realty

A number of hedge funds have recently added to or reduced their stakes in GTY. LPL Financial LLC raised its position in Getty Realty by 30.1% during the first quarter. LPL Financial LLC now owns 88,476 shares of the real estate investment trust's stock valued at $2,759,000 after purchasing an additional 20,473 shares in the last quarter. D.A. Davidson & CO. purchased a new position in shares of Getty Realty during the first quarter worth approximately $211,000. GAMMA Investing LLC lifted its stake in shares of Getty Realty by 3,339.0% during the first quarter. GAMMA Investing LLC now owns 51,104 shares of the real estate investment trust's stock worth $1,639,000 after buying an additional 49,618 shares during the period. Teacher Retirement System of Texas increased its holdings 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 buying an additional 8,056 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in Getty Realty by 417.1% during the first quarter. SG Americas Securities LLC now owns 23,415 shares of the real estate investment trust's stock worth $730,000 after acquiring an additional 18,887 shares during the last quarter. Institutional investors own 85.11% of the company's stock.

Getty Realty Trading Down 1.3%

GTY stock traded down $0.35 during trading on Friday, reaching $27.43. The company had a trading volume of 630,692 shares, compared to its average volume of 287,640. Getty Realty has a 52 week low of $26.42 and a 52 week 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 business has a 50 day moving average of $28.08 and a 200 day moving average of $28.62. The company has a market cap of $1.55 billion, a P/E ratio of 23.85, a PEG ratio of 2.06 and a beta of 0.86.

Getty Realty (NYSE:GTY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). The business had revenue of $51.31 million during the quarter, compared to analysts' expectations of $51.59 million. Getty Realty had a return on equity of 6.87% and a net margin of 31.62%. Getty Realty has set its FY 2025 guidance at 2.400-2.41 EPS. As a group, sell-side 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 given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Thursday, September 25th. Getty Realty's dividend payout ratio (DPR) is presently 163.48%.

About Getty Realty