Getty Realty - GTY Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Getty Realty in the last year. There are currently 3 hold ratings and 2 buy ratings 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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5 Wall Street analysts have issued 12 month price targets for Getty Realty's stock. Their GTY share price forecasts range from $30.00 to $34.00. On average, they predict the company's stock price to reach $31.80 in the next year. This suggests that the stock has a possible downside of 4.5%.
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Getty Realty's stock was trading at $32.09 on January 1st, 2022. Since then, GTY stock has increased by 3.8% and is now trading at $33.31.
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Getty Realty saw a increase in short interest in November. As of November 15th, there was short interest totaling 2,750,000 shares, an increase of 147.7% from the October 31st total of 1,110,000 shares. Based on an average daily volume of 290,900 shares, the days-to-cover ratio is currently 9.5 days. Currently, 6.5% of the shares of the stock are sold short.
View Getty Realty's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our GTY earnings forecast.

Getty Realty Corp. (NYSE:GTY) posted 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 49.91% and a trailing twelve-month return on equity of 10.77%. During the same period in the previous year, the company earned $0.47 earnings per share.

Getty Realty declared a quarterly dividend on Tuesday, October 25th. Stockholders of record on Thursday, December 22nd will be given a dividend of $0.43 per share on Thursday, January 5th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date of this dividend is Wednesday, December 21st. This is a boost from the stock's previous quarterly dividend of $0.41.
Read our dividend analysis for GTY.

Getty Realty (NYSE:GTY) pays an annual dividend of $1.64 per share and currently has a dividend yield of 4.95%. 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 97.62%. 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 78.10% 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 2022 earnings guidance on Wednesday, November, 2nd. The company provided earnings per share (EPS) guidance of $2.12-$2.13 for the period. 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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.63%), Vanguard Group Inc. (14.48%), State Street Corp (5.83%), Renaissance Technologies LLC (2.39%), Brown Advisory Inc. (1.92%) and Cbre Investment Management Listed Real Assets LLC (1.72%). Insiders that own company stock include Leo Liebowitz and Philip E Coviello Jr.
View institutional ownership trends.

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 $33.31.

Getty Realty (NYSE:GTY) has a market capitalization of $1.56 billion and generates $155.41 million in revenue each year. The real estate investment trust earns $62.86 million in net income (profit) each year or $1.68 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.