Analysts Set Getty Realty Corporation (NYSE:GTY) Price Target at $32.67

Key Points

• Getty Realty Corporation has received a consensus rating of "Moderate Buy" from six research firms, with three hold ratings and three buy ratings.
• The company's current quarterly dividend of $0.47 per share, yielding 6.6%, will be paid on October 9th, reflecting a payout ratio of 163.48%.
• Recently, institutional investors have shown increased interest, with Thrivent Financial raising its position by 178.7% during the second quarter.

Getty Realty Corporation (NYSE:GTY - Get Free Report) has earned an average rating of "Moderate Buy" from the six brokerages that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $32.6667.

GTY has been the subject of a number of recent analyst reports. UBS Group lifted their target price on shares of Getty Realty from $28.00 to $30.00 and gave the stock a "neutral" rating in a research note on Friday, August 15th. KeyCorp decreased their price target on shares of Getty Realty from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Finally, Wall Street Zen lowered shares of Getty Realty from a "hold" rating to a "sell" rating in a report on Saturday, July 26th.

Getty Realty Stock Up 0.5%

GTY stock traded up $0.15 on Wednesday, hitting $28.57. 274,190 shares of the company's stock were exchanged, compared to its average volume of 314,797. The firm has a 50 day moving average price of $27.95 and a two-hundred day moving average price of $28.88. Getty Realty has a 12-month low of $26.42 and a 12-month high of $33.85. The stock has a market cap of $1.62 billion, a P/E ratio of 24.84, a price-to-earnings-growth ratio of 2.15 and a beta of 0.86. 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 (NYSE:GTY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.59 earnings per share 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 business 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. As a group, equities research analysts expect that Getty Realty will post 2.29 EPS for the current fiscal year.

Getty Realty Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.6%. Getty Realty's dividend payout ratio is currently 163.48%.

Institutional Investors Weigh In On Getty Realty

A number of large investors have recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its position in Getty Realty by 178.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 103,629 shares of the real estate investment trust's stock worth $2,864,000 after buying an additional 66,443 shares during the last quarter. Caxton Associates LLP boosted its holdings in shares of Getty Realty by 61.1% in the 2nd quarter. Caxton Associates LLP now owns 17,140 shares of the real estate investment trust's stock valued at $474,000 after acquiring an additional 6,501 shares during the last quarter. Public Sector Pension Investment Board increased its stake in shares of Getty Realty by 8.3% in the second quarter. Public Sector Pension Investment Board now owns 173,928 shares of the real estate investment trust's stock worth $4,807,000 after acquiring an additional 13,350 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in shares of Getty Realty by 3.6% during the second quarter. CANADA LIFE ASSURANCE Co now owns 116,596 shares of the real estate investment trust's stock worth $3,221,000 after purchasing an additional 4,098 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in Getty Realty by 143.0% during the second quarter. Tower Research Capital LLC TRC now owns 4,901 shares of the real estate investment trust's stock valued at $135,000 after purchasing an additional 2,884 shares during the period. Hedge funds and other institutional investors own 85.11% of the company's stock.

Getty Realty Company Profile