Getty Realty Corporation (NYSE:GTY) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Getty Realty Corporation (NYSE:GTY) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $35.75.

A number of research analysts have recently weighed in on GTY shares. Weiss Ratings cut Getty Realty from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, September 24th. Citizens Jmp reissued a “market outperform” rating and issued a $39.00 target price on shares of Getty Realty in a report on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft set a $39.00 target price on shares of Getty Realty in a research note on Wednesday, September 23rd. Huntington started coverage on shares of Getty Realty in a report on Wednesday, July 15th. They set an “outperform” rating and a $37.00 price target on the stock. Finally, Royal Bank Of Canada upped their price target on shares of Getty Realty from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Friday, July 24th.

Institutional Investors Weigh In On Getty Realty

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Getty Realty in the second quarter valued at about $344,815,000. Dimensional Fund Advisors LP boosted its stake in shares of Getty Realty by 5.2% in the first quarter. Dimensional Fund Advisors LP now owns 802,609 shares of the real estate investment trust’s stock worth $25,523,000 after acquiring an additional 39,683 shares during the period. Bank of America Corp DE grew its position in shares of Getty Realty by 75.8% during the first quarter. Bank of America Corp DE now owns 780,288 shares of the real estate investment trust’s stock worth $24,813,000 after purchasing an additional 336,431 shares in the last quarter. Fidelity National Financial Inc. purchased a new stake in shares of Getty Realty during the second quarter worth about $20,089,000. Finally, Bank of New York Mellon Corp bought a new stake in Getty Realty during the 2nd quarter valued at approximately $16,707,000. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Getty Realty Price Performance

Shares of Getty Realty stock opened at $27.87 on Thursday. The stock has a market cap of $1.73 billion, a P/E ratio of 17.00, a P/E/G ratio of 2.08 and a beta of 0.72. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.26 and a current ratio of 2.26. The stock’s fifty day moving average is $31.88 and its 200 day moving average is $32.88. Getty Realty has a one year low of $25.39 and a one year high of $36.83.

Getty Realty (NYSE:GTY) last released its quarterly 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). The company had revenue of $59.05 million for the quarter, compared to the consensus estimate 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. Sell-side analysts anticipate that Getty Realty will post 2.45 earnings per share for the current year.

Getty Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 24th will be paid a dividend of $0.4850 per share. The ex-dividend date is Thursday, September 24th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 7.0%. Getty Realty’s payout ratio is 118.29%.

Getty Realty Company Profile

Getty Realty Corp. (NYSE:GTY) is a real estate investment trust that owns, leases and develops properties used primarily for convenience stores, gasoline stations and automotive service businesses. The company’s portfolio also includes properties supporting car washes, quick-service restaurants and other automotive-related activities.

Getty Realty generally leases its properties to operators under long-term, often triple-net lease agreements, under which tenants are responsible for many property-level expenses such as taxes, insurance and maintenance.