Getty Realty Corporation (NYSE:GTY) Given Average Rating of “Moderate Buy” by Analysts

Shares of Getty Realty Corporation (NYSE:GTY) have received a consensus rating of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $35.2857.

GTY has been the subject of several research analyst reports. Citizens Jmp raised their price objective on shares of Getty Realty from $35.00 to $39.00 and gave the stock a “market outperform” rating in a report on Thursday, July 23rd. Royal Bank Of Canada upped their target price on Getty Realty from $35.00 to $36.00 and gave the stock a “sector perform” rating in a report on Friday, July 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Getty Realty in a research report on Friday, August 7th. Robert W. Baird raised their target price on Getty Realty from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Finally, Huntington assumed coverage on Getty Realty in a research report on Wednesday, July 15th. They set an “outperform” rating and a $37.00 price target on the stock.

Getty Realty Stock Down 0.3%

Shares of Getty Realty stock opened at $32.96 on Wednesday. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.95. Getty Realty has a 12-month low of $25.39 and a 12-month high of $36.83. The company has a market cap of $2.04 billion, a P/E ratio of 20.10, a PEG ratio of 2.93 and a beta of 0.72. The company’s fifty day simple moving average is $33.96 and its two-hundred day simple moving average is $33.14.

Getty Realty (NYSE:GTY) last announced its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Getty Realty had a net margin of 42.74% and a return on equity of 9.27%. The company had revenue of $59.05 million for the quarter, compared to the consensus estimate of $58.45 million. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. Getty Realty has set its FY 2026 guidance at 2.520-2.540 EPS. Research analysts anticipate that Getty Realty will post 2.45 EPS for the current year.

Getty Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 24th will be paid a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Thursday, September 24th. Getty Realty’s dividend payout ratio (DPR) is presently 118.29%.

Institutional Investors Weigh In On Getty Realty

Hedge funds have recently bought and sold shares of the business. LSV Asset Management increased its holdings in shares of Getty Realty by 1,467.5% during the fourth quarter. LSV Asset Management now owns 233,563 shares of the real estate investment trust’s stock valued at $6,393,000 after acquiring an additional 218,663 shares in the last quarter. Vanguard Group Inc. boosted its stake in Getty Realty by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 8,488,950 shares of the real estate investment trust’s stock worth $232,343,000 after purchasing an additional 102,670 shares in the last quarter. Ranch Capital Advisors Inc. bought a new position in Getty Realty in the 1st quarter worth about $1,777,000. Legal & General Group Plc grew its position in Getty Realty by 17.6% during the 4th quarter. Legal & General Group Plc now owns 368,845 shares of the real estate investment trust’s stock valued at $10,095,000 after purchasing an additional 55,149 shares during the last quarter. Finally, Heartland Advisors Inc. purchased a new stake in Getty Realty during the 1st quarter valued at about $11,130,000. 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.