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

Shares of Getty Realty Corporation (NYSE:GTY) have earned an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $31.80.

A number of brokerages have recently issued reports on GTY. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Getty Realty in a research report on Wednesday, October 8th. UBS Group raised their target price on shares of Getty Realty from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, August 15th. Janney Montgomery Scott started coverage on Getty Realty in a research report on Thursday, October 16th. They set a “buy” rating and a $30.00 price target on the stock. Finally, Wall Street Zen upgraded Getty Realty from a “sell” rating to a “hold” rating in a report on Saturday, September 13th.

Hedge Funds Weigh In On Getty Realty

Hedge funds have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd acquired a new stake in Getty Realty in the 3rd quarter worth approximately $27,000. Advisors Asset Management Inc. purchased a new position in shares of Getty Realty in the first quarter worth $31,000. EverSource Wealth Advisors LLC lifted its stake in shares of Getty Realty by 3,996.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,159 shares during the period. US Bancorp DE grew its holdings in shares of Getty Realty by 52.4% during the first quarter. US Bancorp DE now owns 1,093 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 376 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Getty Realty by 288.6% during the third quarter. Farther Finance Advisors LLC now owns 1,364 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 1,013 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Trading Up 0.5%

Shares of NYSE GTY opened at $28.00 on Monday. Getty Realty has a 1-year low of $25.39 and a 1-year high of $33.85. The business has a fifty day moving average price of $27.27 and a 200 day moving average price of $27.94. The stock has a market capitalization of $1.62 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 1.81 and a beta of 0.83. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.00 and a quick ratio of 2.00.

Getty Realty (NYSE:GTY) last posted its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $55.59 million for the quarter, compared to analyst estimates of $53.19 million. Getty Realty had a return on equity of 7.60% and a net margin of 34.76%. Getty Realty has set its FY 2025 guidance at 2.420-2.430 EPS. Equities research analysts expect that Getty Realty will post 2.29 EPS 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. Shareholders of record on Friday, December 26th will be paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 6.9%. This is a boost from Getty Realty’s previous quarterly dividend of $0.47. The ex-dividend date is Friday, December 26th. Getty Realty’s dividend payout ratio (DPR) is 151.56%.

About Getty Realty