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

Key Points

• Analyst sentiment is moderately bullish: Six of nine brokerages rate Getty Realty a buy, while three recommend holding the stock. The average 12-month price target is $35.29, with targets recently raised by several firms.
• Getty Realty reported quarterly revenue of $59.05 million, up 10.9% year over year and above estimates, though earnings of $0.36 per share narrowly missed consensus by $0.01.
• The REIT declared a quarterly dividend of $0.485 per share, equal to an annualized $1.94 and a 6.0% yield. Institutional investors own 85.11% of the company’s shares.

Shares of Getty Realty Corporation (NYSE:GTY - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the nine brokerages that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $35.2857.

Several brokerages have recently commented on GTY. KeyCorp upped their target price on Getty Realty from $33.00 to $36.00 and gave the company an "overweight" rating in a report on Thursday, May 14th. Royal Bank Of Canada boosted their price objective on Getty Realty from $35.00 to $36.00 and gave the stock a "sector perform" rating in a report on Friday, July 24th. Robert W. Baird upped their price objective on shares of Getty Realty from $34.00 to $36.00 and gave the company a "neutral" rating in a research note on Thursday, July 23rd. Weiss Ratings upgraded shares of Getty Realty from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, May 13th. Finally, Huntington assumed coverage on shares of Getty Realty in a research report on Wednesday, July 15th. They issued an "outperform" rating and a $37.00 target price on the stock.

Getty Realty Stock Performance

GTY stock opened at $32.31 on Wednesday. The company has a market capitalization of $2.00 billion, a P/E ratio of 19.70, a PEG ratio of 2.90 and a beta of 0.72. The company has a 50-day simple moving average of $33.92 and a 200 day simple moving average of $33.01. Getty Realty has a fifty-two week low of $25.39 and a fifty-two week high of $36.83. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.95.

Getty Realty (NYSE:GTY - Get Free Report) last released its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Getty Realty had a net margin of 42.74% and a return on equity of 9.27%. The company had revenue of $59.05 million for the quarter, compared to analyst estimates of $58.45 million. Getty Realty's revenue for the quarter was up 10.9% on a year-over-year basis. Getty Realty has set its FY 2026 guidance at 2.520-2.540 EPS. Sell-side analysts predict that Getty Realty will post 2.42 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 24th will be paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Thursday, September 24th. Getty Realty's payout ratio is 118.29%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Amundi lifted its position in Getty Realty by 12.7% in the 1st quarter. Amundi now owns 30,647 shares of the real estate investment trust's stock worth $930,000 after buying an additional 3,463 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in shares of Getty Realty during the 1st quarter valued at $31,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Getty Realty by 8.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 306,733 shares of the real estate investment trust's stock worth $9,564,000 after acquiring an additional 23,370 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Getty Realty by 105.8% in the first quarter. Jane Street Group LLC now owns 113,313 shares of the real estate investment trust's stock worth $3,533,000 after acquiring an additional 58,255 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Getty Realty by 13.3% during the second quarter. Cetera Investment Advisers now owns 16,721 shares of the real estate investment trust's stock worth $462,000 after acquiring an additional 1,961 shares in the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

About Getty Realty

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company's portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.

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