Getty Realty (NYSE:GTY) Receives “Overweight” Rating from KeyCorp

Getty Realty (NYSE:GTY)‘s stock had its “overweight” rating reaffirmed by KeyCorp in a research note issued to investors on Thursday, Benzinga reports. They currently have a $36.00 price objective on the real estate investment trust’s stock. KeyCorp’s price objective points to a potential upside of 27.03% from the company’s current price.

A number of other equities research analysts have also recently commented on GTY. Royal Bank Of Canada increased their target price on Getty Realty from $35.00 to $36.00 and gave the company a “sector perform” rating in a report on Friday, July 24th. Citizens Jmp restated a “market outperform” rating and set a $39.00 price objective on shares of Getty Realty in a report on Tuesday, September 1st. Citigroup restated a “market outperform” rating on shares of Getty Realty in a report on Wednesday. Robert W. Baird raised their price objective on Getty Realty from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Finally, Huntington assumed coverage on Getty Realty in a report on Wednesday, July 15th. They set an “outperform” rating and a $37.00 price objective on the stock. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $35.75.

Getty Realty Price Performance

Shares of NYSE:GTY traded down $0.57 during trading on Thursday, reaching $28.34. The stock had a trading volume of 62,496 shares, compared to its average volume of 521,054. 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 business has a fifty day moving average price of $33.05 and a 200-day moving average price of $33.16. The stock has a market cap of $1.76 billion, a PE ratio of 17.28, a PEG ratio of 2.60 and a beta of 0.72. Getty Realty has a 1-year low of $25.39 and a 1-year high of $36.83.

Getty Realty (NYSE:GTY) last posted its quarterly earnings data 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 firm had revenue of $59.05 million during the quarter, compared to analysts’ expectations of $58.45 million. Getty Realty had a net margin of 42.74% and a return on equity of 9.27%. The company’s revenue was up 10.9% on a year-over-year basis. Getty Realty has set its FY 2026 guidance at 2.520-2.540 EPS. On average, equities analysts forecast that Getty Realty will post 2.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Getty Realty

Several institutional investors have recently added to or reduced their stakes in GTY. BlackRock Inc. bought a new stake in Getty Realty during the 2nd quarter worth about $344,815,000. Bank of America Corp DE bought a new stake in Getty Realty during the 2nd quarter worth about $25,120,000. Fidelity National Financial Inc. bought a new stake in Getty Realty during the 2nd quarter worth about $20,089,000. Bank of New York Mellon Corp bought a new stake in Getty Realty during the 2nd quarter worth about $16,707,000. Finally, Heartland Advisors Inc. bought a new stake in Getty Realty during the 1st quarter worth about $11,130,000. 85.11% of the stock is 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.