Getty Realty (NYSE:GTY) Shares Gap Up Following Better-Than-Expected Earnings

Key Points

• Q1 beat and raised guidance: Getty Realty reported EPS of $0.43 vs. $0.34 expected, set FY‑2026 guidance at $2.50–$2.52, and shares gapped up premarket from $33.21 to $34.75.
• Dividend with sustainability caveat: The board declared a quarterly dividend of $0.485 (annualized $1.94, ~5.8% yield), but the payout ratio is high at 144.78%, which may raise durability concerns.
• Growth investments and financing: Getty invested $30.3M across 29 properties and expanded its committed pipeline to >$125M with WALT >10 years, while raising ~$130M in a follow‑on and $250M via private notes to fund acquisitions (increasing liquidity, share count and leverage considerations).

Getty Realty Corporation (NYSE:GTY - Get Free Report)'s share price gapped up prior to trading on Thursday following a stronger than expected earnings report. The stock had previously closed at $33.21, but opened at $34.75. Getty Realty shares last traded at $33.3110, with a volume of 26,001 shares changing hands.

The real estate investment trust reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.09. The firm had revenue of $57.84 million for the quarter, compared to the consensus estimate of $58.41 million. Getty Realty had a net margin of 35.72% and a return on equity of 7.86%. The company's revenue was up 10.5% on a year-over-year basis. During the same period last year, the firm posted $0.59 EPS. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS.

Getty Realty Dividend Announcement

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

Key Stories Impacting Getty Realty

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

• Positive Sentiment: Q1 results beat and management raised full‑year guidance — Getty reported Q1 net EPS of $0.43, FFO of $0.69 and AFFO of $0.63, highlighted year‑over‑year revenue growth and increased FY 2026 EPS guidance to $2.50–2.52 (well above prior consensus), a strong near‑term positive catalyst. GlobeNewswire Q1 Release
• Positive Sentiment: Operational momentum — Company invested $30.3M across 29 properties, extended leases and raised committed pipeline to >$125M, increasing portfolio WALT to >10 years, supporting durable cash flows and growth. GlobeNewswire Q1 Release
• Positive Sentiment: Dividend and yield support income investors — Board declared quarterly cash dividend of $0.485 (annualized yield ~5.8%), reinforcing the REIT’s cash‑return profile. GlobeNewswire Dividend Release
• Neutral Sentiment: FFO/AFFO metrics broadly positive but mixed reads — Q1 FFO/AFFO slightly beat estimates (FFO $0.63–$0.69 per various reports), signaling healthy operating cash flow, while some metrics merit further monitoring. Zacks FFO Coverage
• Neutral Sentiment: Capital raising to fund growth — Getty raised ~$130M via a follow‑on offering and $250M via a private notes placement, then repaid revolver amounts; this improves liquidity for acquisitions but expands share count and leverage considerations. GlobeNewswire Q1 Release
• Neutral Sentiment: Analyst and media coverage — Coverage by Seeking Alpha and earnings transcripts provide additional detail for investors; these are informational but not immediate price drivers. Seeking Alpha: Discount Thesis Seeking Alpha: Q1 Analysis
• Negative Sentiment: Minor top‑line miss and historical EPS comparisons — Q1 revenue ($57.84M) slightly missed consensus (~$58.4M) and GAAP EPS remains below last year’s ($0.43 vs $0.59), which could temper enthusiasm for some investors. Company Press Release / Slides
• Negative Sentiment: Limited near‑term upside implied by some analyst action — Robert W. Baird raised its price target to $34 but kept a "neutral" rating, signaling limited upside from current levels which can cap upside momentum. Benzinga / The Fly note on Baird

Wall Street Analysts Forecast Growth

GTY has been the topic of a number of analyst reports. Robert W. Baird lifted their price target on Getty Realty from $32.00 to $34.00 and gave the company a "neutral" rating in a research note on Thursday. Weiss Ratings upgraded shares of Getty Realty from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, April 15th. Royal Bank Of Canada boosted their price objective on shares of Getty Realty from $30.00 to $33.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 17th. Finally, UBS Group upped their target price on shares of Getty Realty from $29.00 to $33.00 and gave the stock a "neutral" rating in a research report on Monday, March 9th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.60.

Hedge Funds Weigh In On Getty Realty

Hedge funds have recently bought and sold shares of the stock. Amundi lifted its stake in shares of Getty Realty by 12.7% during the first quarter. Amundi now owns 30,647 shares of the real estate investment trust's stock valued at $930,000 after buying an additional 3,463 shares during the period. Advisors Asset Management Inc. acquired a new stake in Getty Realty during the first quarter worth about $31,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Getty Realty by 8.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 306,733 shares of the real estate investment trust's stock worth $9,564,000 after acquiring an additional 23,370 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Getty Realty by 105.8% in the 1st quarter. Jane Street Group LLC now owns 113,313 shares of the real estate investment trust's stock valued at $3,533,000 after purchasing an additional 58,255 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of Getty Realty by 13.3% in the 2nd quarter. Cetera Investment Advisers now owns 16,721 shares of the real estate investment trust's stock valued at $462,000 after purchasing an additional 1,961 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

Getty Realty Stock Performance

The stock's 50-day moving average is $32.97 and its 200-day moving average is $29.91. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 24.91, a P/E/G ratio of 2.51 and a beta of 0.81. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.93.

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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