Getty Realty Corporation (NYSE:GTY) Receives Average Recommendation of "Moderate Buy" from Analysts

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.

Shares of Getty Realty Corporation (NYSE:GTY - Get Free Report) have received an average rating of "Moderate Buy" from the six research firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $32.6667.

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

Getty Realty Trading Up 0.5%

NYSE GTY traded up $0.15 on Wednesday, hitting $28.57. 274,190 shares of the stock were exchanged, compared to its average volume of 319,044. Getty Realty has a 52-week low of $26.42 and a 52-week high of $33.85. The firm has a market capitalization of $1.62 billion, a P/E ratio of 24.84, a P/E/G ratio of 2.15 and a beta of 0.83. The stock has a fifty day moving average price of $27.97 and a two-hundred day moving average price of $28.91. 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 released its 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 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. Research analysts forecast that Getty Realty will post 2.29 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Thursday, September 25th. Getty Realty's dividend payout ratio (DPR) is 163.48%.

Institutional Trading of Getty Realty

Institutional investors and hedge funds have recently made changes to their positions in the company. LPL Financial LLC raised its holdings in shares of Getty Realty by 30.1% in 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 acquiring an additional 20,473 shares in the last quarter. D.A. Davidson & CO. bought a new stake in shares of Getty Realty in the first quarter valued at about $211,000. GAMMA Investing LLC raised its holdings in shares of Getty Realty by 3,339.0% in the first quarter. GAMMA Investing LLC now owns 51,104 shares of the real estate investment trust's stock valued at $1,639,000 after acquiring an additional 49,618 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of 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 acquiring an additional 8,056 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Getty Realty by 417.1% in the first quarter. SG Americas Securities LLC now owns 23,415 shares of the real estate investment trust's stock valued at $730,000 after acquiring an additional 18,887 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors.

About Getty Realty