Getty Realty (NYSE:GTY) Announces Quarterly Earnings Results

Key Points

• Getty Realty reported quarterly EPS of $0.36, missing analysts’ estimate by $0.01, while revenue of $59.05 million slightly beat expectations.
• The company updated its FY 2026 guidance to 2.520-2.540 EPS, signaling its outlook for future earnings.
• Getty Realty also announced a quarterly dividend of $0.485 per share, equal to a 5.4% yield, though the stock fell 2.0% in Wednesday trading.

Getty Realty (NYSE:GTY - Get Free Report) announced its quarterly earnings results on Wednesday. The real estate investment trust reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01), FiscalAI reports. Getty Realty had a net margin of 40.06% and a return on equity of 8.76%. The firm had revenue of $59.05 million during the quarter, compared to analysts' expectations of $58.45 million. Getty Realty updated its FY 2026 guidance to 2.520-2.540 EPS.

Getty Realty Trading Down 2.0%

GTY traded down $0.73 during trading on Wednesday, hitting $35.88. 809,770 shares of the company's stock were exchanged, compared to its average volume of 505,960. The stock has a 50 day moving average price of $33.58 and a 200 day moving average price of $32.46. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.92. Getty Realty has a 1 year low of $25.39 and a 1 year high of $36.83. The firm has a market cap of $2.17 billion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 2.98 and a beta of 0.72.

Getty Realty Announces Dividend

The firm also recently disclosed 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 5.4%. The ex-dividend date is Thursday, September 24th. Getty Realty's payout ratio is currently 127.63%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GTY. Robert W. Baird upped their target price on shares of Getty Realty from $32.00 to $34.00 and gave the company a "neutral" rating in a report on Thursday, April 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. KeyCorp boosted their price objective on shares of Getty Realty from $33.00 to $36.00 and gave the company an "overweight" rating in a research report on Thursday, May 14th. Citigroup reissued a "market outperform" rating on shares of Getty Realty in a research note on Friday, June 12th. Finally, Huntington started coverage on shares of Getty Realty in a research report on Wednesday, July 15th. They set an "outperform" rating and a $37.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $34.17.

Institutional Investors Weigh In On Getty Realty

Several hedge funds have recently modified their holdings of the stock. State Street Corp boosted its holdings in Getty Realty by 1.5% in the 4th quarter. State Street Corp now owns 4,035,598 shares of the real estate investment trust's stock worth $112,262,000 after acquiring an additional 60,137 shares during the period. Geode Capital Management LLC raised its stake in shares of Getty Realty by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 1,472,865 shares of the real estate investment trust's stock valued at $40,318,000 after purchasing an additional 28,155 shares during the period. Millennium Management LLC lifted its position in shares of Getty Realty by 42.3% during the third quarter. Millennium Management LLC now owns 1,142,413 shares of the real estate investment trust's stock worth $30,651,000 after purchasing an additional 339,388 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Getty Realty by 5.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 858,566 shares of the real estate investment trust's stock worth $23,499,000 after purchasing an additional 47,800 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Getty Realty by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 762,926 shares of the real estate investment trust's stock valued at $20,881,000 after purchasing an additional 19,698 shares during the period. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Getty Realty Company Profile

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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