KeyCorp Reiterates “Overweight” Rating for Getty Realty (NYSE:GTY)

Getty Realty (NYSE:GTY)‘s stock had its “overweight” rating reissued by KeyCorp in a research report issued to clients and investors on Thursday, MarketBeat.com reports. They currently have a $36.00 price target on the real estate investment trust’s stock. KeyCorp’s price objective indicates a potential upside of 27.64% from the stock’s current price.

A number of other research firms also recently weighed in on GTY. Robert W. Baird boosted their target price on shares of Getty Realty from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Huntington started coverage on Getty Realty in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $37.00 price target for the company. Royal Bank Of Canada boosted their price objective on Getty Realty from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Friday, July 24th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $39.00 price objective on shares of Getty Realty in a research note on Tuesday, September 1st. Finally, Weiss Ratings raised Getty Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 8th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.75.

Getty Realty Price Performance

NYSE:GTY traded down $0.71 during trading hours on Thursday, reaching $28.20. The stock had a trading volume of 95,655 shares, compared to its average volume of 521,265. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.26 and a current ratio of 2.26. Getty Realty has a 52 week low of $25.39 and a 52 week high of $36.83. The company has a 50 day moving average price of $33.05 and a two-hundred day moving average price of $33.16. The stock has a market capitalization of $1.75 billion, a PE ratio of 17.21, a PEG ratio of 2.60 and a beta of 0.72.

Getty Realty (NYSE:GTY) last posted 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). The business had revenue of $59.05 million during the quarter, compared to analysts’ expectations of $58.45 million. Getty Realty had a net margin of 42.74% and a return on equity of 9.27%. Getty Realty’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. As a group, sell-side analysts anticipate that Getty Realty will post 2.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Getty Realty

Several hedge funds and other institutional investors have recently made changes to their positions in the company. WINTON GROUP Ltd purchased a new stake in shares of Getty Realty in the second quarter valued at $607,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Getty Realty in the second quarter worth approximately $67,000. Baird Financial Group Inc. purchased a new stake in shares of Getty Realty in the second quarter worth approximately $246,000. Allworth Financial LP raised its holdings in shares of Getty Realty by 3.0% in the second quarter. Allworth Financial LP now owns 20,308 shares of the real estate investment trust’s stock worth $677,000 after buying an additional 590 shares during the period. Finally, Arizona State Retirement System raised its holdings in shares of Getty Realty by 4.0% in the second quarter. Arizona State Retirement System now owns 15,680 shares of the real estate investment trust’s stock worth $523,000 after buying an additional 604 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.

About Getty Realty

Getty Realty Corp. (NYSE: GTY) is a real estate investment trust that owns, leases and develops convenience store and automotive service properties. The company primarily invests in properties operated by convenience stores, gas stations, automotive repair businesses, car washes, tire and service centers, and other automotive-related retailers.

Getty Realty generally leases its properties to operators under long-term, often triple-net lease agreements, under which tenants are typically responsible for property taxes, insurance, maintenance and other operating costs.