Getty Realty (NYSE:GTY) Reaches New 52-Week High – Should You Buy?

Getty Realty Corporation (NYSE:GTY)’s share price hit a new 52-week high on Tuesday . The company traded as high as $34.83 and last traded at $34.90, with a volume of 38761 shares changing hands. The stock had previously closed at $34.00.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Citigroup restated a “market outperform” rating on shares of Getty Realty in a report on Friday, June 12th. Royal Bank Of Canada reissued a “sector perform” rating and set a $35.00 price target on shares of Getty Realty in a report on Friday, April 24th. KeyCorp raised their price target on Getty Realty from $33.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Weiss Ratings upgraded Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Finally, Robert W. Baird raised their target price on Getty Realty from $32.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $33.60.

Getty Realty Price Performance

The firm has a 50 day moving average price of $33.19 and a 200 day moving average price of $31.99. The stock has a market capitalization of $2.08 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 2.85 and a beta of 0.72. 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 (NYSE:GTY) last posted its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.43 EPS for the quarter, topping the consensus estimate of $0.34 by $0.09. The firm had revenue of $57.84 million for the quarter, compared to the consensus estimate of $58.41 million. Getty Realty had a return on equity of 8.76% and a net margin of 40.06%.The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 earnings per share. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS. Research analysts anticipate that Getty Realty Corporation will post 2.42 earnings per share for the current year.

Getty Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th will be issued a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $1.94 annualized dividend and a yield of 5.6%. Getty Realty’s payout ratio is currently 127.63%.

Institutional Trading of Getty Realty

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

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.