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

Getty Realty (NYSE:GTY)‘s stock had its “overweight” rating reissued by research analysts at KeyCorp in a report issued on Thursday, MarketBeat Ratings reports. They presently have a $36.00 target price on the real estate investment trust’s stock. KeyCorp’s price objective would indicate a potential upside of 25.64% from the company’s previous close.

Several other analysts have also recently issued reports on the company. Citigroup restated a “market outperform” rating on shares of Getty Realty in a research note on Wednesday. Deutsche Bank Aktiengesellschaft set a $39.00 price objective on Getty Realty in a report on Wednesday. Citizens Jmp reissued a “market outperform” rating and issued a $39.00 price objective on shares of Getty Realty in a report on Tuesday, September 1st. Royal Bank Of Canada increased their price objective on Getty Realty from $35.00 to $36.00 and gave the stock a “sector perform” rating in a report on Friday, July 24th. Finally, Weiss Ratings raised Getty Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 8th. 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, Getty Realty currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.75.

Getty Realty Stock Down 0.2%

Shares of Getty Realty stock traded down $0.06 during trading hours on Thursday, hitting $28.65. 776,799 shares of the company’s stock traded hands, compared to its average volume of 527,720. The stock has a 50 day simple moving average of $32.76 and a 200-day simple moving average of $33.10. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.95. The company has a market cap of $1.77 billion, a PE ratio of 17.47, a PEG ratio of 2.60 and a beta of 0.72. Getty Realty has a twelve month low of $25.39 and a twelve month high of $36.83.

Getty Realty (NYSE:GTY) last posted its quarterly 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 firm had revenue of $59.05 million during the quarter, compared to analyst estimates of $58.45 million. Getty Realty had a return on equity of 9.27% and a net margin of 42.74%.The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. Getty Realty has set its FY 2026 guidance at 2.520-2.540 EPS. Equities research analysts anticipate that Getty Realty will post 2.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Getty Realty during the 2nd quarter worth about $344,815,000. Cbre Investment Management Listed Real Assets LLC increased its holdings in shares of Getty Realty by 58.8% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 802,660 shares of the real estate investment trust’s stock worth $21,969,000 after purchasing an additional 297,229 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Getty Realty by 5.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 802,609 shares of the real estate investment trust’s stock worth $25,523,000 after purchasing an additional 39,683 shares during the period. Bank of America Corp DE increased its holdings in shares of Getty Realty by 75.8% during the 1st quarter. Bank of America Corp DE now owns 780,288 shares of the real estate investment trust’s stock worth $24,813,000 after purchasing an additional 336,431 shares during the period. Finally, Fidelity National Financial Inc. bought a new position in shares of Getty Realty during the 2nd quarter worth about $20,089,000. Institutional investors own 85.11% of the company’s stock.

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.