Getty Realty (GTY) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Getty Realty in the last twelve months. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.
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6 brokers have issued 1 year price targets for Getty Realty's shares. Their GTY share price forecasts range from $30.00 to $39.00. On average, they expect the company's share price to reach $33.33 in the next year. This suggests that the stock has a possible downside of 2.7%.
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Getty Realty's stock was trading at $33.85 at the start of the year. Since then, GTY stock has increased by 1.2% and is now trading at $34.27.
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Getty Realty saw a decline in short interest in the month of April. As of April 30th, there was short interest totaling 3,970,000 shares, a decline of 7.2% from the April 15th total of 4,280,000 shares. Based on an average trading volume of 332,100 shares, the short-interest ratio is presently 12.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our GTY earnings forecast.

Getty Realty Corp. (NYSE:GTY) released its quarterly earnings data on Wednesday, October, 27th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by $0.19. The real estate investment trust had revenue of $39.67 million for the quarter, compared to analyst estimates of $38.61 million. Getty Realty had a net margin of 50.43% and a trailing twelve-month return on equity of 11.00%. During the same quarter in the previous year, the business posted $0.47 EPS.

Getty Realty announced a quarterly dividend on Tuesday, April 25th. Investors of record on Thursday, June 22nd will be paid a dividend of $0.43 per share on Thursday, July 6th. This represents a $1.72 annualized dividend and a yield of 5.02%. The ex-dividend date is Wednesday, June 21st.
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), Cambria Global Real Estate ETF (BLDG), Invesco S&P SmallCap Low Volatility ETF (XSLV), GraniteShares HIPS US High Income ETF (HIPS), Virtus Real Asset Income ETF (VRAI), SPDR S&P Global Dividend ETF (WDIV) and Invesco S&P SmallCap Momentum ETF (XSMO).

Getty Realty (NYSE:GTY) pays an annual dividend of $1.72 per share and currently has a dividend yield of 5.11%. 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 97.73%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, GTY will have a dividend payout ratio of 79.63% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for GTY.

Getty Realty issued an update on its FY 2023 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of $2.22-$2.24 for the period, compared to the consensus EPS estimate of $2.08. 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."

Getty Realty's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.73%), Kayne Anderson Rudnick Investment Management LLC (7.51%), State Street Corp (6.92%), Wellington Management Group LLP (4.11%), Renaissance Technologies LLC (1.99%) and Geode Capital Management LLC (1.83%).
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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 $34.27.

Getty Realty (NYSE:GTY) has a market capitalization of $1.70 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 $1.76 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.