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

Shares of Getty Realty Corporation (NYSE:GTY) have been assigned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $35.2857.

GTY has been the subject of several recent research reports. Royal Bank Of Canada boosted their target price 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. Huntington began coverage on shares of Getty Realty in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $37.00 price objective for the company. Citigroup reiterated an “outperform” rating on shares of Getty Realty in a report on Thursday, July 23rd. Citizens Jmp increased their target price on shares of Getty Realty from $35.00 to $39.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 23rd. Finally, Robert W. Baird raised their target price on Getty Realty from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd.

Getty Realty Stock Down 0.5%

Shares of Getty Realty stock opened at $32.31 on Wednesday. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 2.90 and a beta of 0.72. The stock has a 50-day simple moving average of $33.92 and a 200-day simple moving average of $33.01. Getty Realty has a 52-week low of $25.39 and a 52-week high of $36.83. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.26 and a quick ratio of 2.26.

Getty Realty (NYSE:GTY) last released its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $59.05 million during the quarter, compared to analyst estimates of $58.45 million. Getty Realty had a return on equity of 9.27% and a net margin of 42.74%.The business’s quarterly 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. On average, equities research analysts expect that Getty Realty will post 2.42 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 24th will be issued a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 6.0%. Getty Realty’s dividend payout ratio is currently 118.29%.

Institutional Investors Weigh In On Getty Realty

A number of large investors have recently added to or reduced their stakes in GTY. BlackRock Inc. bought a new position in shares of Getty Realty in the second quarter valued at approximately $344,815,000. Vanguard Group Inc. grew its stake in Getty Realty by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 8,488,950 shares of the real estate investment trust’s stock valued at $232,343,000 after buying an additional 102,670 shares during the last quarter. State Street Corp grew its stake in Getty Realty by 1.5% in the 4th quarter. State Street Corp now owns 4,035,598 shares of the real estate investment trust’s stock valued at $112,262,000 after buying an additional 60,137 shares during the last quarter. Geode Capital Management LLC raised its holdings in Getty Realty by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,472,865 shares of the real estate investment trust’s stock worth $40,318,000 after acquiring an additional 28,155 shares during the period. Finally, Millennium Management LLC raised its holdings in Getty Realty by 42.3% in the 3rd quarter. Millennium Management LLC now owns 1,142,413 shares of the real estate investment trust’s stock worth $30,651,000 after acquiring an additional 339,388 shares during the period. Institutional investors own 85.11% of the company’s stock.

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.