Getty Realty Corporation (NYSE:GTY) Receives Consensus Rating of "Moderate Buy" 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.

Shares of Getty Realty Corporation (NYSE:GTY - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the five ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $32.60.

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

Institutional Investors Weigh In On Getty Realty

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Getty Realty by 0.5% in the first quarter. Vanguard Group Inc. now owns 7,901,516 shares of the real estate investment trust's stock worth $246,369,000 after buying an additional 37,695 shares during the period. State Street Corp raised its holdings in shares of Getty Realty by 3.3% in the second quarter. State Street Corp now owns 3,858,470 shares of the real estate investment trust's stock worth $108,315,000 after buying an additional 124,350 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Getty Realty by 1.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,770,092 shares of the real estate investment trust's stock worth $117,551,000 after buying an additional 40,120 shares during the period. Geode Capital Management LLC raised its holdings in shares of Getty Realty by 3.3% in the second quarter. Geode Capital Management LLC now owns 1,418,927 shares of the real estate investment trust's stock worth $39,224,000 after buying an additional 44,766 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of Getty Realty by 33.8% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 911,168 shares of the real estate investment trust's stock worth $28,410,000 after buying an additional 229,937 shares during the period. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Getty Realty Price Performance

Getty Realty stock traded up $0.19 during midday trading on Friday, reaching $27.37. 81,779 shares of the stock traded hands, compared to its average volume of 363,759. Getty Realty has a 12 month low of $26.42 and a 12 month high of $33.85. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.94. The stock's fifty day moving average is $28.06 and its 200-day moving average is $28.59. The stock has a market cap of $1.55 billion, a P/E ratio of 23.80, 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 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 company had revenue of $51.31 million for 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 anticipate that Getty Realty will post 2.29 EPS for the current year.

Getty Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Thursday, September 25th. Getty Realty's dividend payout ratio is presently 163.48%.

Getty Realty Company Profile