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

Getty Realty Corporation (NYSE:GTY) has received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $31.80.

GTY has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Getty Realty in a research report on Wednesday, October 8th. Wall Street Zen upgraded Getty Realty from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Finally, Janney Montgomery Scott assumed coverage on Getty Realty in a report on Thursday, October 16th. They issued a “buy” rating and a $30.00 price objective on the stock.

Institutional Investors Weigh In On Getty Realty

Several institutional investors and hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. bought a new stake in Getty Realty in the first quarter worth $31,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Getty Realty in the third quarter worth about $27,000. EverSource Wealth Advisors LLC boosted its stake 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 acquiring an additional 1,159 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Getty Realty during the 2nd quarter worth about $38,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Getty Realty by 288.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,364 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 1,013 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Stock Performance

GTY stock opened at $27.53 on Tuesday. The firm has a 50 day simple moving average of $27.98 and a 200 day simple moving average of $27.81. Getty Realty has a 52 week low of $25.39 and a 52 week high of $32.17. The stock has a market cap of $1.59 billion, a P/E ratio of 21.51, a P/E/G ratio of 2.34 and a beta of 0.85. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.00 and a current ratio of 2.00.

Getty Realty (NYSE:GTY) last released its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Getty Realty had a net margin of 34.76% and a return on equity of 7.60%. The company had revenue of $55.59 million during the quarter, compared to the consensus estimate of $53.19 million. Getty Realty has set its FY 2025 guidance at 2.420-2.430 EPS. Research analysts anticipate that Getty Realty will post 2.29 earnings per share for the current fiscal year.

Getty Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Friday, December 26th will be paid a dividend of $0.485 per share. This is a positive change from Getty Realty’s previous quarterly dividend of $0.47. The ex-dividend date is Friday, December 26th. This represents a $1.94 annualized dividend and a dividend yield of 7.0%. Getty Realty’s dividend payout ratio (DPR) is currently 151.56%.

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.