Getty Realty Corporation (NYSE:GTY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Getty Realty Corporation (NYSE:GTY) have been given a consensus rating of “Moderate Buy” by the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $35.2857.

Several research firms have recently weighed in on GTY. Robert W. Baird raised their price objective on Getty Realty from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Getty Realty in a research note on Friday, August 7th. Huntington initiated coverage on Getty Realty in a report on Wednesday, July 15th. They set an “outperform” rating and a $37.00 price objective on the stock. KeyCorp upped their price objective 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. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $39.00 target price on shares of Getty Realty in a report on Tuesday, September 1st.

Institutional Trading of Getty Realty

A number of hedge funds have recently modified their holdings of GTY. HB Wealth Management LLC boosted its position in shares of Getty Realty by 3.1% in the second quarter. HB Wealth Management LLC now owns 10,329 shares of the real estate investment trust’s stock worth $345,000 after buying an additional 314 shares during the period. Oregon Public Employees Retirement Fund lifted its stake 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 acquiring an additional 400 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake 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 acquiring an additional 548 shares in the last quarter. Fifth Third Bancorp lifted its stake in Getty Realty by 48.0% in the 4th quarter. Fifth Third Bancorp now owns 1,902 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 617 shares in the last quarter. Finally, Nissay Asset Management Corp Japan boosted its position in Getty Realty by 8.9% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 8,524 shares of the real estate investment trust’s stock worth $284,000 after acquiring an additional 697 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Getty Realty Trading Down 0.6%

Shares of GTY stock opened at $32.46 on Friday. The stock has a 50-day simple moving average of $33.87 and a 200 day simple moving average of $33.31. The stock has a market capitalization of $2.01 billion, a P/E ratio of 19.79, a P/E/G ratio of 2.87 and a beta of 0.72. Getty Realty has a fifty-two week low of $25.39 and a fifty-two week high of $36.83. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.95.

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

Getty Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 24th will be given a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 6.0%. The ex-dividend date is Thursday, September 24th. Getty Realty’s payout ratio is presently 118.29%.

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.