Getty Realty (NYSE:GTY) Reaches New 1-Year Low - Time to Sell?

Key Points

• Getty Realty's stock (NYSE:GTY) has hit a new 52-week low, trading as low as $26.41, prompting discussions about whether it's time to sell.
• Analysts have recently adjusted their ratings, with Wall Street Zen upgrading Getty Realty from "sell" to "hold" and UBS Group raising the target price from $28.00 to $30.00, while the consensus rating remains "Moderate Buy."
• The company declared a quarterly dividend of $0.47, representing a yield of 7.1%, despite a high payout ratio of 163.48%.

Getty Realty Corporation (NYSE:GTY - Get Free Report)'s stock price hit a new 52-week low on Thursday . The stock traded as low as $26.41 and last traded at $26.47, with a volume of 96209 shares changing hands. The stock had previously closed at $26.55.

Analysts Set New Price Targets

Several brokerages have weighed in on GTY. Wall Street Zen raised shares of Getty Realty from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. UBS Group boosted their target price on shares of Getty Realty from $28.00 to $30.00 and gave the stock a "neutral" rating in a report on Friday, August 15th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.60.

Getty Realty Trading Down 0.4%

The stock's fifty day moving average price is $28.07 and its 200 day moving average price is $28.57. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.98 and a quick ratio of 1.98. The stock has a market capitalization of $1.50 billion, a P/E ratio of 23.00, a PEG ratio of 2.05 and a beta of 0.86.

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

Getty Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Thursday, September 25th. Getty Realty's dividend payout ratio is presently 163.48%.

Institutional Investors Weigh In On Getty Realty

Hedge funds have recently modified their holdings of the business. Nuveen LLC bought a new stake in shares of Getty Realty in the 1st quarter valued at about $9,507,000. Cbre Investment Management Listed Real Assets LLC lifted its stake in Getty Realty by 33.8% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 911,168 shares of the real estate investment trust's stock valued at $28,410,000 after acquiring an additional 229,937 shares during the period. Qube Research & Technologies Ltd lifted its stake in Getty Realty by 58.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 527,290 shares of the real estate investment trust's stock valued at $14,574,000 after acquiring an additional 193,851 shares during the period. Balyasny Asset Management L.P. lifted its stake in Getty Realty by 66.0% during the 2nd quarter. Balyasny Asset Management L.P. now owns 440,532 shares of the real estate investment trust's stock valued at $12,176,000 after acquiring an additional 175,111 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Getty Realty by 54.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 479,414 shares of the real estate investment trust's stock valued at $13,251,000 after purchasing an additional 168,345 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

Getty Realty Company Profile

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