Getty Realty (GTY) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Getty Realty in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GTY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GTY, but not buy additional shares or sell existing shares.
View GTY analyst ratings or view top-rated stocks.

4 Wall Street analysts have issued 1 year price targets for Getty Realty's stock. Their GTY share price forecasts range from $30.00 to $39.00. On average, they anticipate the company's share price to reach $33.40 in the next twelve months. This suggests a possible upside of 24.1% from the stock's current price.
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Getty Realty's stock was trading at $33.85 at the start of the year. Since then, GTY shares have decreased by 20.5% and is now trading at $26.91.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our GTY earnings forecast.

Getty Realty will be holding an earnings conference call on Thursday, October 26th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13739331".

Getty Realty Corp. (NYSE:GTY) announced its quarterly earnings results on Wednesday, July, 26th. The real estate investment trust reported $0.26 EPS for the quarter, missing the consensus estimate of $0.56 by $0.30. The real estate investment trust had revenue of $43.66 million for the quarter, compared to analyst estimates of $43.09 million. Getty Realty had a trailing twelve-month return on equity of 8.51% and a net margin of 39.48%.

Getty Realty declared a quarterly dividend on Tuesday, July 25th. Shareholders of record on Thursday, September 28th will be given a dividend of $0.43 per share on Thursday, October 12th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.39%. The ex-dividend date of this dividend is Wednesday, September 27th.
Read our dividend analysis for GTY.

ETFs with the largest weight of Getty Realty (NYSE:GTY) stock in their portfolio include NETLease Corporate Real Estate ETF (NETL), Invesco KBW Premium Yield Equity REIT ETF (KBWY), Invesco S&P SmallCap Low Volatility ETF (XSLV) and VictoryShares US Small Mid Cap Value Momentum ETF (USVM).SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV).

Getty Realty (NYSE:GTY) pays an annual dividend of $1.72 per share and currently has a dividend yield of 6.36%. GTY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 124.64%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, GTY will have a dividend payout ratio of 74.46% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GTY.

Getty Realty updated its FY 2023 earnings guidance on Wednesday, July, 26th. The company provided EPS guidance of $2.23-$2.24 for the period, compared to the consensus earnings per share estimate of $2.11. The company issued revenue guidance of -.

Based on aggregate information from My MarketBeat watchlists, some companies that other Getty Realty investors own include Energy Transfer (ET), AT&T (T), CBL & Associates Properties (CBL), Cornerstone Total Return Fund (CRF), Ford Motor (F), SandRidge Permian Trust (PER), SunCoke Energy Partners (SXCP), Cornerstone Strategic Value Fund (CLM), Martin Midstream Partners (MMLP) and NGL Energy Partners (NGL).

Getty Realty trades on the New York Stock Exchange (NYSE) under the ticker symbol "GTY."

Shares of GTY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GTY stock can currently be purchased for approximately $26.91.

Getty Realty (NYSE:GTY) has a market capitalization of $1.36 billion and generates $165.59 million in revenue each year. The real estate investment trust earns $90.04 million in net income (profit) each year or $1.38 on an earnings per share basis.

Getty Realty's mailing address is Two Jericho Plaza Suite 110, Jericho NY, 11753. The official website for the company is www.gettyrealty.com. The real estate investment trust can be reached via phone at (646) 349-6000, via email at ir@gettyrealty.com, or via fax at 516-478-5476.