KeyCorp Reiterates Overweight Rating for Getty Realty (NYSE:GTY)

Getty Realty (NYSE:GTY)‘s stock had its “overweight” rating restated by research 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 would suggest a potential upside of 27.09% from the stock’s current price.

Several other research analysts have also commented on GTY. Citigroup reiterated a “market outperform” rating on shares of Getty Realty in a research report on Wednesday. Citizens Jmp restated a “market outperform” rating and issued a $39.00 price target on shares of Getty Realty in a research report on Tuesday, September 1st. Royal Bank Of Canada lifted their price target on shares of Getty Realty from $35.00 to $36.00 and gave the company a “sector perform” rating in a report on Friday, July 24th. Weiss Ratings upgraded shares of Getty Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 8th. Finally, Huntington started coverage on shares of Getty Realty in a report on Wednesday, July 15th. They issued an “outperform” rating and a $37.00 target price 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $35.75.

Getty Realty Stock Down 2.0%

GTY traded down $0.58 during trading on Thursday, hitting $28.33. The company had a trading volume of 189,087 shares, compared to its average volume of 521,579. Getty Realty has a 1-year low of $25.39 and a 1-year 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. The company has a market cap of $1.75 billion, a PE ratio of 17.29, a P/E/G ratio of 2.60 and a beta of 0.72. The business has a 50-day moving average of $33.05 and a 200-day moving average of $33.16.

Getty Realty (NYSE:GTY) last issued its earnings results 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). The company had revenue of $59.05 million during the quarter, compared to analyst estimates of $58.45 million. Getty Realty had a net margin of 42.74% and a return on equity of 9.27%. The business’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. As a group, analysts forecast that Getty Realty will post 2.45 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GTY. BlackRock Inc. acquired a new position in shares of Getty Realty during the second quarter worth approximately $344,815,000. Bank of America Corp DE acquired a new position in Getty Realty during the 2nd quarter worth $25,120,000. Fidelity National Financial Inc. acquired a new position in Getty Realty during the 2nd quarter worth $20,089,000. Bank of New York Mellon Corp bought a new position in shares of Getty Realty in the second quarter worth $16,707,000. Finally, Heartland Advisors Inc. bought a new stake in shares of Getty Realty during the first quarter valued at about $11,130,000. Institutional investors own 85.11% of the company’s stock.

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.