Getty Realty (NYSE:GTY) Reaches New 52-Week High After Analyst Upgrade

Key Points

• 52-week high: Getty Realty shares hit a new 52-week high (trading as high as $34.75) after Robert W. Baird raised its price target to $34; the stock carries a consensus "Moderate Buy" with an average target of $32.60.
• Earnings and guidance boost: Q1 beat with GAAP EPS $0.43 vs. $0.34 consensus and revenue up 10.5% YoY, and management raised FY‑2026 EPS guidance to $2.50–2.52 while increasing AFFO and completing capital raises ($129.9M equity, $250M notes) to fund growth.
• Risks remain: revenue slightly missed estimates and EPS is down year‑over‑year, the equity offering introduces dilution risk, and the payout ratio is very high (~144.8%), which may pressure dividend sustainability.

Getty Realty Corporation (NYSE:GTY - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Friday after Robert W. Baird raised their price target on the stock from $32.00 to $34.00. Robert W. Baird currently has a neutral rating on the stock. Getty Realty traded as high as $34.75 and last traded at $33.7380, with a volume of 472206 shares changing hands. The stock had previously closed at $33.21.

GTY has been the topic of several other reports. Weiss Ratings raised Getty Realty from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, April 15th. Royal Bank Of Canada raised their price target on Getty Realty from $30.00 to $33.00 and gave the stock a "sector perform" rating in a research report on Tuesday, February 17th. Finally, UBS Group lifted their price objective on Getty Realty from $29.00 to $33.00 and gave the company a "neutral" rating in a report on Monday, March 9th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $32.60.

Key Stories Impacting Getty Realty

Here are the key news stories impacting Getty Realty this week:

• Positive Sentiment: Q1 results beat expectations — GAAP EPS $0.43 (vs. $0.34 consensus) and FFO/AFFO came in ahead of Street estimates, with revenue up 10.5% year-over-year. Management highlighted investing activity and longer lease terms. Read More.
• Positive Sentiment: Company raised FY‑2026 earnings guidance (EPS 2.50–2.52 vs. ~1.81 consensus) and increased AFFO guidance, which materially lifts expected 2026 earnings and underpins the rally. Read More.
• Positive Sentiment: Capital actions strengthen the balance sheet and fund growth — $129.9M follow‑on equity offering (with forward sales) and $250M private placement of senior notes; revolver was repaid; committed investment pipeline expanded to >$125M. These moves support near‑term acquisition/development activity and the raised guidance. Read More.
• Positive Sentiment: Dividend maintained — company declared a quarterly dividend of $0.485 (annualized yield ~5.8%), keeping the stock attractive to income investors.
• Neutral Sentiment: Analyst update: Robert W. Baird raised its price target from $32 to $34 but kept a "neutral" rating, signaling modest upside in the near term rather than a strong buy signal. Read More.
• Neutral Sentiment: Market and sell‑side coverage includes several commentary pieces noting Getty’s steady growth and valuation dynamics — useful context but largely interpretive rather than new catalysts. Read More. • Read More.
• Negative Sentiment: Revenue slightly missed consensus ($57.84M vs. $58.41M est.) and GAAP EPS for the quarter remains below the prior‑year quarter ($0.43 vs. $0.59 a year ago), which highlights near‑term volatility in comparables. Additionally, the equity offering introduces potential dilution risk for existing shareholders. Read More.

Hedge Funds Weigh In On Getty Realty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GTY. Schonfeld Strategic Advisors LLC raised its stake in shares of Getty Realty by 2,308.6% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 457,536 shares of the real estate investment trust's stock valued at $12,276,000 after purchasing an additional 438,540 shares during the period. Marshall Wace LLP grew its holdings in shares of Getty Realty by 164.7% during the fourth quarter. Marshall Wace LLP now owns 637,865 shares of the real estate investment trust's stock worth $17,458,000 after buying an additional 396,897 shares in the last quarter. Millennium Management LLC raised its position in Getty Realty by 42.3% in the 3rd quarter. Millennium Management LLC now owns 1,142,413 shares of the real estate investment trust's stock valued at $30,651,000 after buying an additional 339,388 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its stake in Getty Realty by 58.8% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 802,660 shares of the real estate investment trust's stock valued at $21,969,000 after acquiring an additional 297,229 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Getty Realty by 419.7% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 286,923 shares of the real estate investment trust's stock worth $7,698,000 after acquiring an additional 231,714 shares during the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Getty Realty Trading Up 1.6%

The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 22.20, a P/E/G ratio of 2.45 and a beta of 0.81. The business has a 50-day simple moving average of $32.99 and a two-hundred day simple moving average of $29.94. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.20 and a current ratio of 2.20.

Getty Realty (NYSE:GTY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.09. The business had revenue of $57.84 million for the quarter, compared to analyst estimates of $58.41 million. Getty Realty had a net margin of 40.06% and a return on equity of 8.90%. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS. As a group, research analysts forecast that Getty Realty Corporation will post 2.4 EPS for the current year.

Getty Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 25th will be given a $0.485 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.8%. Getty Realty's payout ratio is currently 144.78%.

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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