KeyCorp Reaffirms “Overweight” Rating for Getty Realty (NYSE:GTY)

Getty Realty (NYSE:GTY)‘s stock had its “overweight” rating reiterated by stock analysts at KeyCorp in a report issued on Thursday, MarketBeat Ratings reports. They currently have a $36.00 target price on the real estate investment trust’s stock. KeyCorp’s price objective points to a potential upside of 25.41% from the stock’s current price.

Several other analysts also recently commented on GTY. Robert W. Baird increased their target price on Getty Realty from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft set a $39.00 target price on Getty Realty in a research note on Wednesday. Weiss Ratings upgraded Getty Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 8th. Royal Bank Of Canada increased their target price on Getty Realty from $35.00 to $36.00 and gave the company a “sector perform” rating in a research note on Friday, July 24th. Finally, Huntington assumed coverage on Getty Realty in a research note on Wednesday, July 15th. They set an “outperform” rating and a $37.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Getty Realty currently has an average rating of “Moderate Buy” and a consensus target price of $35.75.

Getty Realty Stock Down 0.7%

GTY traded down $0.21 during trading on Thursday, hitting $28.71. 1,003,858 shares of the company’s stock traded hands, compared to its average volume of 526,359. The company’s 50 day simple moving average is $32.91 and its two-hundred day simple moving average is $33.13. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.95. Getty Realty has a 12-month low of $25.39 and a 12-month high of $36.83. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 2.60 and a beta of 0.72.

Getty Realty (NYSE:GTY) last issued its earnings results 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 net margin of 42.74% and a return on equity of 9.27%. The business had revenue of $59.05 million for the quarter, compared to analysts’ expectations 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. Analysts predict that Getty Realty will post 2.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Getty Realty

A number of institutional investors and hedge funds have recently modified their holdings of the company. HB Wealth Management LLC boosted its stake in shares of Getty Realty by 3.1% in the 2nd quarter. HB Wealth Management LLC now owns 10,329 shares of the real estate investment trust’s stock worth $345,000 after buying an additional 314 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Getty Realty by 3.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 12,560 shares of the real estate investment trust’s stock worth $399,000 after purchasing an additional 400 shares during the period. Allworth Financial LP lifted 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 valued at $677,000 after purchasing an additional 590 shares in the last quarter. Arizona State Retirement System lifted its position in Getty Realty by 4.0% during the second quarter. Arizona State Retirement System now owns 15,680 shares of the real estate investment trust’s stock valued at $523,000 after purchasing an additional 604 shares in the last quarter. Finally, Nissay Asset Management Corp Japan lifted its position in Getty Realty by 8.9% during the second quarter. Nissay Asset Management Corp Japan now owns 8,524 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 697 shares in the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

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.