Getty Realty’s (GTY) Market Outperform Rating Reiterated at Citizens Jmp

Citizens Jmp restated their market outperform rating on shares of Getty Realty (NYSE:GTY) in a report published on Tuesday,Benzinga reports. They currently have a $39.00 price target on the real estate investment trust’s stock.

A number of other brokerages also recently issued reports 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 report on Thursday, July 23rd. Huntington initiated coverage on shares of Getty Realty in a research report on Wednesday, July 15th. They set an “outperform” rating and a $37.00 target price for the company. Royal Bank Of Canada raised their price target on shares of 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 restated a “buy (b-)” rating on shares of Getty Realty in a research report on Friday, August 7th. Finally, KeyCorp boosted their price target on shares of Getty Realty from $33.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Getty Realty has a consensus rating of “Moderate Buy” and an average target price of $35.29.

Getty Realty Stock Performance

Shares of Getty Realty stock opened at $32.61 on Tuesday. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 19.88, a P/E/G ratio of 2.86 and a beta of 0.72. Getty Realty has a twelve month low of $25.39 and a twelve month high of $36.83. The company’s fifty day moving average is $33.90 and its 200 day moving average is $33.32. 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 announced its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 earnings per share (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 company had revenue of $59.05 million for the quarter, compared to the consensus estimate of $58.45 million. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. Getty Realty has set its FY 2026 guidance at 2.520-2.540 EPS. Sell-side analysts forecast that Getty Realty will post 2.45 EPS for the current year.

Getty Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 24th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Thursday, September 24th. Getty Realty’s payout ratio is presently 118.29%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. bought a new stake in Getty Realty in the first quarter valued at $31,000. EverSource Wealth Advisors LLC boosted its position in shares of Getty Realty by 3,996.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,159 shares in the last quarter. Avalon Trust Co bought a new position in shares of Getty Realty during the 1st quarter worth about $38,000. Global Retirement Partners LLC acquired a new stake in shares of Getty Realty in the 2nd quarter valued at about $43,000. Finally, Danske Bank A S acquired a new stake in shares of Getty Realty in the 4th quarter valued at about $44,000. 85.11% of the stock is owned by 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.