Getty Realty (NYSE:GTY) Given New $30.00 Price Target at UBS Group

Key Points

• UBS Group has raised its price target for Getty Realty (NYSE:GTY) from $28.00 to $30.00, indicating a potential upside of 6.94% from the company's previous close.
• Currently, Getty Realty has a consensus rating of "Hold" with an average price target of $32.67, according to market analysts, despite some recent downgrades.
• The company's stock experienced a 0.1% decrease in trading, reaching $28.05, with a 52-week range between $26.42 and $33.85.

Getty Realty (NYSE:GTY - Free Report) had its target price raised by UBS Group from $28.00 to $30.00 in a report issued on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the real estate investment trust's stock.

Other research analysts also recently issued reports about the company. KeyCorp lowered their price target on Getty Realty from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Wall Street Zen downgraded Getty Realty from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, Robert W. Baird lowered their target price on Getty Realty from $33.00 to $32.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $32.67.

Getty Realty Stock Performance

Shares of NYSE:GTY traded up $0.18 during midday trading on Friday, reaching $28.71. 318,853 shares of the company's stock traded hands, compared to its average volume of 372,470. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 24.97, a P/E/G ratio of 2.09 and a beta of 0.83. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.98 and a current ratio of 1.98. Getty Realty has a one year low of $26.42 and a one year high of $33.85. The stock has a 50 day moving average of $28.02 and a 200 day moving average of $29.04.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). The business had revenue of $51.31 million for the quarter, compared to the consensus estimate 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 anticipate that Getty Realty will post 2.29 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 25th will be given a $0.47 dividend. The ex-dividend date is Thursday, September 25th. This represents a $1.88 dividend on an annualized basis and a yield of 6.5%. Getty Realty's dividend payout ratio is presently 163.48%.

Institutional Trading of Getty Realty

A number of hedge funds and other institutional investors have recently bought and sold shares of GTY. GF Fund Management CO. LTD. purchased a new stake in Getty Realty in the fourth quarter worth about $28,000. Advisors Asset Management Inc. purchased a new stake in shares of Getty Realty during the first quarter worth about $31,000. EverSource Wealth Advisors LLC grew its position in shares of 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 worth $33,000 after purchasing an additional 1,159 shares in the last quarter. US Bancorp DE grew its position in shares of 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 worth $34,000 after purchasing an additional 376 shares in the last quarter. Finally, Signaturefd LLC grew its position in shares of Getty Realty by 111.3% during the second quarter. Signaturefd LLC now owns 1,386 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 730 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

About Getty Realty