Getty Realty Corporation (NYSE:GTY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Getty Realty Corporation (NYSE:GTY) have been given a consensus recommendation of “Hold” by the six brokerages that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $33.00.

A number of research firms have weighed in on GTY. Weiss Ratings cut Getty Realty from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. UBS Group upped their price target on Getty Realty from $29.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Royal Bank Of Canada restated a “sector perform” rating and set a $35.00 price target on shares of Getty Realty in a research note on Friday, April 24th. Finally, Robert W. Baird upped their price target on Getty Realty from $32.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd.

Getty Realty Price Performance

Shares of NYSE GTY opened at $33.14 on Monday. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.92. Getty Realty has a twelve month low of $25.39 and a twelve month high of $34.75. The stock has a 50 day moving average of $33.04 and a two-hundred day moving average of $30.25. The stock has a market cap of $2.00 billion, a P/E ratio of 21.81, a P/E/G ratio of 2.76 and a beta of 0.75.

Getty Realty (NYSE:GTY) last issued its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. Getty Realty had a return on equity of 8.76% and a net margin of 40.06%.The company had revenue of $57.84 million during the quarter, compared to analysts’ expectations of $58.41 million. During the same quarter in the previous year, the business earned $0.59 earnings per share. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS. On average, research analysts forecast that Getty Realty will post 2.4 earnings per share for the current year.

Getty Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th will be paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Thursday, June 25th. Getty Realty’s dividend payout ratio is 127.63%.

Institutional Investors Weigh In On Getty Realty

Several large investors have recently modified their holdings of GTY. Amundi raised its stake in shares of Getty Realty by 12.7% during the first quarter. Amundi now owns 30,647 shares of the real estate investment trust’s stock worth $930,000 after purchasing an additional 3,463 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of Getty Realty during the first quarter worth approximately $31,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Getty Realty by 8.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 306,733 shares of the real estate investment trust’s stock worth $9,564,000 after acquiring an additional 23,370 shares during the period. Jane Street Group LLC raised its position in Getty Realty by 105.8% in the first quarter. Jane Street Group LLC now owns 113,313 shares of the real estate investment trust’s stock worth $3,533,000 after acquiring an additional 58,255 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in Getty Realty by 13.3% in the second quarter. Cetera Investment Advisers now owns 16,721 shares of the real estate investment trust’s stock worth $462,000 after acquiring an additional 1,961 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

About Getty Realty

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company’s portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.