Getty Realty’s (GTY) “Overweight” Rating Reiterated at KeyCorp

Getty Realty (NYSE:GTY)‘s stock had its “overweight” rating reiterated by KeyCorp in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $36.00 target price on the real estate investment trust’s stock. KeyCorp’s price objective indicates a potential upside of 24.35% from the company’s previous close.

GTY has been the subject of several other reports. Royal Bank Of Canada increased 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. Robert W. Baird increased their price target on Getty Realty from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Citizens Jmp reissued a “market outperform” rating and issued 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 research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft set a $39.00 price target on shares of Getty Realty in a research report on Wednesday. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.75.

Getty Realty Price Performance

Shares of NYSE:GTY opened at $28.95 on Thursday. The company has a market capitalization of $1.79 billion, a P/E ratio of 17.65, a price-to-earnings-growth ratio of 2.60 and a beta of 0.72. The company’s 50-day moving average is $33.05 and its 200 day moving average is $33.16. 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 has a fifty-two week low of $25.39 and a fifty-two week 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 analysts’ consensus estimates of $0.37 by ($0.01). Getty Realty had a return on equity of 9.27% and a net margin of 42.74%.The company had revenue of $59.05 million for the quarter, compared to analysts’ expectations of $58.45 million. The business’s 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 forecast that Getty Realty will post 2.45 earnings per share for the current year.

Institutional Trading of Getty Realty

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. WINTON GROUP Ltd purchased a new stake in Getty Realty in the 2nd quarter worth approximately $607,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Getty Realty in the second quarter worth $67,000. Baird Financial Group Inc. bought a new stake in Getty Realty during the second quarter valued at $246,000. Allworth Financial LP grew its position in Getty Realty by 3.0% during the second quarter. Allworth Financial LP now owns 20,308 shares of the real estate investment trust’s stock worth $677,000 after buying an additional 590 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in Getty Realty by 4.0% in the 2nd quarter. Arizona State Retirement System now owns 15,680 shares of the real estate investment trust’s stock worth $523,000 after acquiring an additional 604 shares during the last quarter. Institutional investors own 85.11% of the company’s stock.

Getty Realty Company Profile

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.