Getty Realty Corporation (NYSE:GTY) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Getty Realty Corporation (NYSE:GTY) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $34.1667.

A number of equities research analysts recently commented on the company. Huntington assumed coverage on Getty Realty in a research report on Wednesday. They issued an “outperform” rating and a $37.00 price target for the company. Robert W. Baird lifted their price objective on shares of Getty Realty from $32.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Weiss Ratings upgraded shares of Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. KeyCorp increased their target price on shares of Getty Realty from $33.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Finally, Citigroup reiterated a “market outperform” rating on shares of Getty Realty in a report on Friday, June 12th.

Hedge Funds Weigh In On Getty Realty

A number of hedge funds and other institutional investors have recently modified their holdings of GTY. Vanguard Group Inc. grew its holdings in shares of Getty Realty by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 8,488,950 shares of the real estate investment trust’s stock valued at $232,343,000 after acquiring an additional 102,670 shares in the last quarter. State Street Corp raised its stake in shares of Getty Realty by 1.5% during the 4th quarter. State Street Corp now owns 4,035,598 shares of the real estate investment trust’s stock worth $112,262,000 after purchasing an additional 60,137 shares during the period. Geode Capital Management LLC raised its position in Getty Realty by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 1,472,865 shares of the real estate investment trust’s stock worth $40,318,000 after acquiring an additional 28,155 shares during the period. Millennium Management LLC raised its holdings in shares of Getty Realty by 42.3% in the 3rd quarter. Millennium Management LLC now owns 1,142,413 shares of the real estate investment trust’s stock worth $30,651,000 after purchasing an additional 339,388 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Getty Realty by 5.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 858,566 shares of the real estate investment trust’s stock valued at $23,499,000 after buying an additional 47,800 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Getty Realty Stock Performance

Shares of Getty Realty stock opened at $36.22 on Friday. The company has a market cap of $2.19 billion, a PE ratio of 23.83, a price-to-earnings-growth ratio of 2.97 and a beta of 0.72. Getty Realty has a 52 week low of $25.39 and a 52 week high of $36.53. The business has a 50 day moving average price of $33.45 and a 200-day moving average price of $32.30. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.92.

Getty Realty (NYSE:GTY) last announced its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.09. The company had revenue of $57.84 million for the quarter, compared to analysts’ expectations of $58.41 million. Getty Realty had a return on equity of 8.76% and a net margin of 40.06%.Getty Realty’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.59 earnings per share. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS. Equities analysts anticipate that Getty Realty will post 2.42 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were paid a $0.485 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.94 annualized dividend and a yield of 5.4%. Getty Realty’s dividend payout ratio (DPR) is 127.63%.

About Getty Realty

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.