Getty Realty - GTY Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Getty Realty in the last year. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.
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6 brokerages have issued 12-month price objectives for Getty Realty's shares. Their GTY share price forecasts range from $30.00 to $39.00. On average, they anticipate the company's stock price to reach $33.33 in the next year. This suggests that the stock has a possible downside of 6.6%.
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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 5.4% and is now trading at $35.69.
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Getty Realty saw a increase in short interest in March. As of March 15th, there was short interest totaling 6,380,000 shares, an increase of 37.2% from the February 28th total of 4,650,000 shares. Based on an average daily volume of 357,500 shares, the short-interest ratio is currently 17.8 days. Currently, 15.1% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our GTY earnings forecast.

Getty Realty Corp. (NYSE:GTY) posted its earnings results on Wednesday, October, 27th. The real estate investment trust reported $0.30 EPS 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 trailing twelve-month return on equity of 11.95% and a net margin of 54.38%. During the same period in the previous year, the firm posted $0.47 EPS.

Getty Realty announced a quarterly dividend on Tuesday, February 21st. Investors of record on Thursday, March 23rd will be paid a dividend of $0.43 per share on Thursday, April 6th. This represents a $1.72 annualized dividend and a dividend yield of 4.82%. The ex-dividend date is Wednesday, March 22nd.
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), Virtus Real Asset Income ETF (VRAI), Invesco S&P SmallCap Low Volatility ETF (XSLV), GraniteShares HIPS US High Income ETF (HIPS), 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 4.94%. 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 91.98%. 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 78.90% 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 Wednesday, March, 1st. The company provided EPS guidance of $2.19-$2.21 for the period, compared to the consensus earnings per share estimate of $2.06. 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 Renaissance Technologies LLC (2.25%), Geode Capital Management LLC (1.86%), Brown Advisory Inc. (1.84%), Morgan Stanley (1.34%), Charles Schwab Investment Management Inc. (1.31%) and Millennium Management LLC (1.16%).
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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 $35.69.

Getty Realty (NYSE:GTY) has a market capitalization of $1.67 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 $1.87 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.