Getty Realty (NYSE:GTY) Earns Overweight Rating from KeyCorp

Getty Realty (NYSE:GTY)‘s stock had its “overweight” rating restated by analysts at KeyCorp in a report issued on Thursday, MarketBeat.com reports. They presently have a $36.00 price objective on the real estate investment trust’s stock. KeyCorp’s target price suggests a potential upside of 27.56% from the company’s previous close.

Several other equities research analysts have also issued reports on GTY. Huntington began coverage on Getty Realty in a research note on Wednesday, July 15th. They set an “outperform” rating and a $37.00 price target for the company. Royal Bank Of Canada raised their price objective on Getty Realty from $35.00 to $36.00 and gave the company a “sector perform” rating in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft set a $39.00 target price on Getty Realty in a research report on Wednesday. Robert W. Baird lifted their price target on shares of Getty Realty from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Finally, Citizens Jmp restated a “market outperform” rating and issued a $39.00 price objective on shares of Getty Realty in a report on Tuesday, September 1st. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Getty Realty presently has a consensus rating of “Moderate Buy” and an average target price of $35.75.

Getty Realty Price Performance

Shares of GTY stock traded down $0.69 during trading hours on Thursday, reaching $28.22. The stock had a trading volume of 256,076 shares, compared to its average volume of 522,028. The stock’s fifty day simple moving average is $33.05 and its 200 day simple moving average is $33.16. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.95. Getty Realty has a 12 month low of $25.39 and a 12 month high of $36.83. The firm has a market capitalization of $1.75 billion, a PE ratio of 17.23, a PEG ratio of 2.60 and a beta of 0.72.

Getty Realty (NYSE:GTY) last issued its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Getty Realty had a return on equity of 9.27% and a net margin of 42.74%.The business had revenue of $59.05 million for the quarter, compared to analysts’ expectations of $58.45 million. Getty Realty’s revenue for the quarter 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 predict that Getty Realty will post 2.45 EPS for the current year.

Institutional Investors Weigh In On Getty Realty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GTY. Avalon Trust Co bought a new stake in Getty Realty in the 1st quarter worth $38,000. Global Retirement Partners LLC bought a new position in shares of Getty Realty during the second quarter valued at about $43,000. Optiver Holding B.V. raised its stake in shares of Getty Realty by 380.2% during the first quarter. Optiver Holding B.V. now owns 1,556 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 1,232 shares during the last quarter. Nykredit A S purchased a new stake in shares of Getty Realty during the second quarter worth about $52,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Getty Realty in the second quarter worth about $67,000. 85.11% of the stock is currently owned by institutional investors.

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.