Getty Realty Corporation (NYSE:GTY) Given Average Recommendation of "Moderate Buy" by Brokerages

Getty Realty Corporation (NYSE:GTY - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six analysts that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on 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.

Several analysts have recently commented on the company. Wall Street Zen upgraded Getty Realty from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Weiss Ratings reiterated a "hold (c)" rating on shares of Getty Realty in a research note on Wednesday, October 8th. Finally, UBS Group lifted their price target on Getty Realty from $28.00 to $30.00 and gave the company a "neutral" rating in a research note on Friday, August 15th.

Hedge Funds Weigh In On Getty Realty

Several hedge funds have recently modified their holdings of GTY. SG Americas Securities LLC lifted its position in shares of Getty Realty by 417.1% during the 1st quarter. SG Americas Securities LLC now owns 23,415 shares of the real estate investment trust's stock worth $730,000 after buying an additional 18,887 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Getty Realty by 2.8% during the 1st quarter. Asset Management One Co. Ltd. now owns 142,565 shares of the real estate investment trust's stock worth $4,445,000 after buying an additional 3,852 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Getty Realty during the 1st quarter worth approximately $445,000. Clear Creek Financial Management LLC lifted its position in shares of Getty Realty by 29.7% during the 1st quarter. Clear Creek Financial Management LLC now owns 11,881 shares of the real estate investment trust's stock worth $370,000 after buying an additional 2,723 shares in the last quarter. Finally, DAVENPORT & Co LLC lifted its position in shares of Getty Realty by 8.1% during the 1st quarter. DAVENPORT & Co LLC now owns 45,042 shares of the real estate investment trust's stock worth $1,404,000 after buying an additional 3,389 shares in the last quarter. Institutional investors own 85.11% of the company's stock.

Getty Realty Stock Up 1.6%

Shares of GTY opened at $26.29 on Thursday. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 1.87 and a beta of 0.82. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.98 and a current ratio of 1.98. Getty Realty has a 52 week low of $25.39 and a 52 week high of $33.85. The stock has a fifty day moving average of $27.66 and a 200-day moving average of $28.13.

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

Getty Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 25th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $1.88 annualized dividend and a dividend yield of 7.2%. Getty Realty's dividend payout ratio (DPR) is currently 163.48%.

About Getty Realty

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