Getty Realty (NYSE:GTY) Receives “Overweight” Rating from KeyCorp

Getty Realty (NYSE:GTY)‘s stock had its “overweight” rating reaffirmed by research analysts at KeyCorp in a note issued to investors on Thursday, MarketBeat reports. They currently have a $36.00 price objective on the real estate investment trust’s stock. KeyCorp’s target price would indicate a potential upside of 27.68% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Huntington began coverage on Getty Realty in a report on Wednesday, July 15th. They set an “outperform” rating and a $37.00 target price for the company. Deutsche Bank Aktiengesellschaft set a $39.00 price target on Getty Realty in a research report on Wednesday. Robert W. Baird lifted their target price on Getty Realty from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Citizens Jmp restated a “market outperform” rating and issued a $39.00 price target on shares of Getty Realty in a research note on Tuesday, September 1st. Finally, Citigroup reiterated a “market outperform” rating 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 given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.75.

Getty Realty Trading Down 2.5%

Shares of Getty Realty stock traded down $0.72 on Thursday, reaching $28.20. The company had a trading volume of 129,341 shares, compared to its average volume of 521,292. 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 firm has a market cap of $1.75 billion, a price-to-earnings ratio of 17.18, a P/E/G ratio of 2.60 and a beta of 0.72. The firm’s 50-day moving average price is $33.05 and its two-hundred day moving average price is $33.16.

Getty Realty (NYSE:GTY) last posted its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The business had revenue of $59.05 million for the quarter, compared to analysts’ expectations of $58.45 million. Getty Realty had a net margin of 42.74% and a return on equity of 9.27%. Getty Realty’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. As a group, research 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 added to or reduced their stakes in GTY. WINTON GROUP Ltd acquired a new stake in shares of Getty Realty in the second quarter valued at approximately $607,000. Integrated Wealth Concepts LLC bought a new stake in Getty Realty during the second quarter worth approximately $67,000. Baird Financial Group Inc. acquired a new position in Getty Realty in the 2nd quarter worth approximately $246,000. Allworth Financial LP boosted its stake in Getty Realty by 3.0% in the 2nd quarter. Allworth Financial LP now owns 20,308 shares of the real estate investment trust’s stock worth $677,000 after purchasing an additional 590 shares during the period. Finally, Arizona State Retirement System boosted 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 purchasing an additional 604 shares during the period. 85.11% of the stock is 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.