Getty Realty Corporation (NYSE:GTY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Getty Realty Corporation (NYSE:GTY) have earned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $33.60.

GTY has been the subject of a number of research analyst reports. KeyCorp lifted their target price on shares of Getty Realty from $33.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $35.00 target price on shares of Getty Realty in a research note on Friday, April 24th. UBS Group lifted their target price on shares of Getty Realty from $29.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, March 9th. Robert W. Baird lifted their target price on shares of Getty Realty from $32.00 to $34.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Finally, Weiss Ratings upgraded shares of Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC raised its position in Getty Realty by 26.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,724 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 360 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in Getty Realty by 3.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,160 shares of the real estate investment trust’s stock worth $333,000 after purchasing an additional 400 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Getty Realty by 36.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,572 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 418 shares during the last quarter. Chatham Capital Group Inc. raised its position in Getty Realty by 0.8% in the 4th quarter. Chatham Capital Group Inc. now owns 60,052 shares of the real estate investment trust’s stock worth $1,644,000 after purchasing an additional 465 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Getty Realty by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,441 shares of the real estate investment trust’s stock worth $703,000 after purchasing an additional 548 shares during the last quarter. Institutional investors own 85.11% of the company’s stock.

Getty Realty Stock Up 0.2%

NYSE GTY opened at $33.98 on Tuesday. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.92. The stock’s 50 day moving average is $33.16 and its two-hundred day moving average is $31.65. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 2.80 and a beta of 0.73. Getty Realty has a 1-year low of $25.39 and a 1-year high of $34.75.

Getty Realty (NYSE:GTY) last posted its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. Getty Realty had a net margin of 40.06% and a return on equity of 8.76%. 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 company posted $0.59 earnings per share. Getty Realty’s quarterly revenue was up 10.5% compared to the same quarter last year. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS. Equities analysts forecast that Getty Realty will post 2.42 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th will be paid a $0.485 dividend. The ex-dividend date is Thursday, June 25th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.7%. Getty Realty’s payout ratio is 127.63%.

Getty Realty Company Profile

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.