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

Shares of Getty Realty Corporation (NYSE:GTY) have been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $35.2857.

Several brokerages have recently commented on GTY. KeyCorp upped their target price on Getty Realty from $33.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Royal Bank Of Canada boosted 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. Robert W. Baird upped their price objective on shares of Getty Realty from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Weiss Ratings upgraded shares of Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Finally, Huntington assumed coverage on shares of Getty Realty in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $37.00 target price on the stock.

Getty Realty Stock Performance

GTY stock opened at $32.31 on Wednesday. The company has a market capitalization of $2.00 billion, a P/E ratio of 19.70, a PEG ratio of 2.90 and a beta of 0.72. The company has a 50-day simple moving average of $33.92 and a 200 day simple moving average of $33.01. Getty Realty has a fifty-two week low of $25.39 and a fifty-two week high of $36.83. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.95.

Getty Realty (NYSE:GTY) last released 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 company had revenue of $59.05 million for the quarter, compared to analyst estimates of $58.45 million. 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. Sell-side analysts predict that Getty Realty will post 2.42 earnings per share for the current fiscal year.

Getty Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 24th will be paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Thursday, September 24th. Getty Realty’s payout ratio is 118.29%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Amundi lifted its position in Getty Realty by 12.7% in the 1st quarter. Amundi now owns 30,647 shares of the real estate investment trust’s stock worth $930,000 after buying an additional 3,463 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in shares of Getty Realty during the 1st quarter valued at $31,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Getty Realty by 8.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 306,733 shares of the real estate investment trust’s stock worth $9,564,000 after acquiring an additional 23,370 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Getty Realty by 105.8% in the first quarter. Jane Street Group LLC now owns 113,313 shares of the real estate investment trust’s stock worth $3,533,000 after acquiring an additional 58,255 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Getty Realty by 13.3% during the second quarter. Cetera Investment Advisers now owns 16,721 shares of the real estate investment trust’s stock worth $462,000 after acquiring an additional 1,961 shares in the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

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.