Getty Realty (NYSE:GTY) Reaches New 52-Week Low - Here's What Happened

Key Points

• Getty Realty's stock reached a new 52-week low of $26.35, closing slightly lower at $26.32, amid a trading volume of 143,079 shares.
• Wall Street analysts have a mixed outlook on Getty Realty, with ratings ranging from "sell" to "hold," while the average target price is set at $32.60, indicating potential upside.
• The company declared a quarterly dividend of $0.47, resulting in an annualized yield of 7.2%, despite a high dividend payout ratio of 163.48%.

Getty Realty Corporation (NYSE:GTY - Get Free Report) shares hit a new 52-week low on Monday . The stock traded as low as $26.35 and last traded at $26.32, with a volume of 143079 shares changing hands. The stock had previously closed at $26.71.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GTY shares. Wall Street Zen raised shares of Getty Realty from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. UBS Group raised their target price on shares of Getty Realty from $28.00 to $30.00 and gave the company a "neutral" rating in a report on Friday, August 15th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Getty Realty in a research report on Saturday, September 27th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $32.60.

Getty Realty Stock Down 1.6%

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 company has a market cap of $1.49 billion, a P/E ratio of 22.85, a P/E/G ratio of 2.01 and a beta of 0.82. The business's 50 day moving average is $27.97 and its 200 day moving average is $28.32.

Getty Realty (NYSE:GTY - Get Free Report) last announced its 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 firm 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. As a group, equities analysts anticipate that Getty Realty Corporation will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 25th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Thursday, September 25th. Getty Realty's dividend payout ratio (DPR) is currently 163.48%.

Institutional Investors Weigh In On Getty Realty

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Getty Realty by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 7,901,516 shares of the real estate investment trust's stock worth $246,369,000 after acquiring an additional 37,695 shares during the last quarter. State Street Corp raised its position in Getty Realty by 3.3% during the 2nd quarter. State Street Corp now owns 3,858,470 shares of the real estate investment trust's stock worth $108,315,000 after buying an additional 124,350 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Getty Realty by 1.1% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,770,092 shares of the real estate investment trust's stock valued at $117,551,000 after acquiring an additional 40,120 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Getty Realty by 3.3% during the second quarter. Geode Capital Management LLC now owns 1,418,927 shares of the real estate investment trust's stock worth $39,224,000 after purchasing an additional 44,766 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC boosted its holdings in Getty Realty by 33.8% in the first 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 purchasing an additional 229,937 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Getty Realty Company Profile

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