Brokerages Set Getty Realty Corporation (NYSE:GTY) PT at $31.80

Shares of Getty Realty Corporation (NYSE:GTY) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $31.80.

A number of research analysts have recently issued reports on GTY shares. Wall Street Zen upgraded shares of Getty Realty from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Getty Realty in a research note on Wednesday, October 8th. UBS Group lifted their target price on Getty Realty from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, August 15th. Finally, Janney Montgomery Scott initiated coverage on Getty Realty in a report on Thursday, October 16th. They set a “buy” rating and a $30.00 target price for the company.

Getty Realty Price Performance

Shares of GTY opened at $28.23 on Friday. Getty Realty has a 52 week low of $25.39 and a 52 week high of $32.64. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.93. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 2.45 and a beta of 0.84. The stock has a 50 day moving average of $27.52 and a 200-day moving average of $27.93.

Getty Realty (NYSE:GTY) last posted its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. The business had revenue of $55.59 million for the quarter, compared to analyst estimates of $53.19 million. Getty Realty had a return on equity of 7.60% and a net margin of 34.76%.Getty Realty has set its FY 2025 guidance at 2.420-2.430 EPS. As a group, analysts forecast that Getty Realty will post 2.29 EPS for the current year.

Getty Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Friday, December 26th will be paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Friday, December 26th. This is an increase from Getty Realty’s previous quarterly dividend of $0.47. Getty Realty’s dividend payout ratio (DPR) is currently 146.88%.

Hedge Funds Weigh In On Getty Realty

Several hedge funds and other institutional investors have recently modified their holdings of the company. CIBC Private Wealth Group LLC acquired a new stake in shares of Getty Realty in the 3rd quarter worth about $58,000. CIBC Bancorp USA Inc. acquired a new position in Getty Realty during the 3rd quarter valued at about $209,000. Advisory Services Network LLC bought a new position in Getty Realty in the 3rd quarter worth about $56,000. CANADA LIFE ASSURANCE Co increased its stake in shares of Getty Realty by 7.9% in the third quarter. CANADA LIFE ASSURANCE Co now owns 125,785 shares of the real estate investment trust’s stock valued at $3,325,000 after purchasing an additional 9,189 shares during the period. Finally, Caxton Associates LLP raised its holdings in shares of Getty Realty by 110.2% during the third quarter. Caxton Associates LLP now owns 36,027 shares of the real estate investment trust’s stock valued at $967,000 after buying an additional 18,887 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Company Profile