Getty Realty (NYSE:GTY) Reaches New 1-Year Low - Here's What Happened

Key Points

• Getty Realty's stock price reached a new 52-week low of $25.57, indicating concerns among investors, as it previously closed at $25.79.
• Following recent analyst evaluations, the consensus rating for Getty Realty is a "Moderate Buy," with a target price set at $32.60.
• The company declared a quarterly dividend of $0.47 per share, equating to a dividend yield of 7.3%, despite having a high dividend payout ratio of 163.48%.

Getty Realty Corporation (NYSE:GTY - Get Free Report)'s stock price reached a new 52-week low on Monday . The stock traded as low as $25.57 and last traded at $25.50, with a volume of 24711 shares changing hands. The stock had previously closed at $25.79.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Weiss Ratings restated a "hold (c)" rating on shares of Getty Realty in a report on Wednesday, October 8th. Wall Street Zen upgraded Getty Realty from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Finally, UBS Group increased their target price on Getty Realty from $28.00 to $30.00 and gave the stock a "neutral" rating in a research note on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.60.

Getty Realty Stock Performance

The firm has a market cap of $1.45 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 1.86 and a beta of 0.82. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.94. The business has a 50 day simple moving average of $27.81 and a two-hundred day simple moving average of $28.19.

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

Getty Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th were paid a dividend of $0.47 per share. The ex-dividend date was Thursday, September 25th. This represents a $1.88 annualized dividend and a dividend yield of 7.3%. Getty Realty's dividend payout ratio (DPR) is currently 163.48%.

Institutional Investors Weigh In On Getty Realty

Institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. bought a new stake in Getty Realty during the first quarter valued at about $31,000. US Bancorp DE boosted its position in Getty Realty by 52.4% during the first quarter. US Bancorp DE now owns 1,093 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 376 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Getty Realty by 3,996.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 1,159 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Getty Realty during the second quarter valued at about $38,000. Finally, Signaturefd LLC boosted its position in Getty Realty by 111.3% during the second quarter. Signaturefd LLC now owns 1,386 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 730 shares in the last quarter. Institutional investors own 85.11% of the company's stock.

Getty Realty Company Profile

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