Getty Realty (NYSE:GTY) Stock Keeps Overweight Rating at KeyCorp

Getty Realty (NYSE:GTY)‘s stock had its “overweight” rating reiterated by research analysts at KeyCorp in a report released on Thursday, September 24th, MarketBeat.com reports. They presently have a $36.00 price objective on the real estate investment trust’s stock. KeyCorp’s price target points to a potential upside of 27.54% from the company’s current price.

GTY has been the topic of several other reports. Royal Bank Of Canada raised their target price on Getty Realty from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Friday, July 24th. Citigroup reissued a “market outperform” rating on shares of Getty Realty in a research report on Wednesday, September 23rd. Weiss Ratings raised Getty Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, September 8th. Citizens Jmp reissued a “market outperform” rating and issued a $39.00 target price on shares of Getty Realty in a research report on Tuesday, September 1st. Finally, Deutsche Bank Aktiengesellschaft set a $39.00 target price on Getty Realty in a research report on Wednesday, September 23rd. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.75.

Getty Realty Price Performance

NYSE GTY opened at $28.23 on Thursday. Getty Realty has a one year low of $25.39 and a one year high of $36.83. The stock has a 50-day moving average of $32.29 and a 200 day moving average of $33.00. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 2.10 and a beta of 0.72. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.26 and a current 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 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 during the quarter, compared to the consensus estimate of $58.45 million. The company’s revenue for the quarter 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, sell-side analysts forecast that Getty Realty will post 2.45 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. WINTON GROUP Ltd purchased a new position in shares of Getty Realty during the 2nd quarter valued at about $607,000. Integrated Wealth Concepts LLC purchased a new position in shares of Getty Realty during the 2nd quarter valued at about $67,000. Baird Financial Group Inc. purchased a new position in shares of Getty Realty during the 2nd quarter valued at about $246,000. Allworth Financial LP lifted its position in shares of Getty Realty by 3.0% during the 2nd quarter. Allworth Financial LP now owns 20,308 shares of the real estate investment trust’s stock valued at $677,000 after buying an additional 590 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Getty Realty by 4.0% during the 2nd quarter. Arizona State Retirement System now owns 15,680 shares of the real estate investment trust’s stock valued at $523,000 after buying an additional 604 shares in the last quarter. 85.11% of the stock is owned by hedge funds and other 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.