Getty Realty (NYSE:GTY) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Getty Realty Corporation (NYSE:GTY) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.92 and traded as high as $28.79. Getty Realty shares last traded at $28.46, with a volume of 318,632 shares.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded Getty Realty from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Getty Realty in a research note on Wednesday, October 8th. Finally, Janney Montgomery Scott began coverage on Getty Realty in a report on Thursday, October 16th. They issued a “buy” rating and a $30.00 target price on the stock. Three 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 an average rating of “Moderate Buy” and an average target price of $31.80.

Getty Realty Trading Down 1.4%

The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.93. The business has a 50 day moving average price of $27.86 and a 200-day moving average price of $27.91. The firm has a market capitalization of $1.62 billion, a PE ratio of 21.89, a P/E/G ratio of 2.48 and a beta of 0.84.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Getty Realty had a return on equity of 7.60% and a net margin of 34.76%.The firm had revenue of $55.59 million for the quarter, compared to analyst estimates of $53.19 million. Getty Realty has set its FY 2025 guidance at 2.420-2.430 EPS. Analysts expect that Getty Realty Corporation will post 2.29 earnings per share for the current year.

Getty Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Friday, December 26th will be paid a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 6.9%. This is a positive change from Getty Realty’s previous quarterly dividend of $0.47. The ex-dividend date is Friday, December 26th. Getty Realty’s dividend payout ratio (DPR) is 146.88%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd purchased a new stake in shares of Getty Realty during the 3rd quarter worth approximately $27,000. Advisors Asset Management Inc. acquired a new position in Getty Realty during the first quarter worth $31,000. EverSource Wealth Advisors LLC raised its holdings in Getty Realty by 3,996.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,159 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Getty Realty by 288.6% during the third quarter. Farther Finance Advisors LLC now owns 1,364 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,013 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in Getty Realty by 111.3% in the second quarter. Signaturefd LLC now owns 1,386 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 730 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Getty Realty Company Profile

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company’s portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.