Getty Realty’s (GTY) “Overweight” Rating Reiterated at KeyCorp

Getty Realty (NYSE:GTY)‘s stock had its “overweight” rating reiterated by stock analysts at KeyCorp in a research note issued on Thursday, Marketbeat reports. They presently have a $36.00 target price on the real estate investment trust’s stock. KeyCorp’s price target suggests a potential upside of 27.80% from the company’s current price.

GTY has been the subject of several other reports. Deutsche Bank Aktiengesellschaft set a $39.00 target price on Getty Realty in a research note on Wednesday. Huntington started coverage on shares of Getty Realty in a report on Wednesday, July 15th. They issued an “outperform” rating and a $37.00 target price on the stock. Robert W. Baird raised their target price on shares of Getty Realty from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Weiss Ratings raised shares of Getty Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 8th. Finally, Citigroup reissued a “market outperform” rating on shares of Getty Realty in a report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.75.

Getty Realty Price Performance

GTY stock traded down $0.74 during mid-day trading on Thursday, reaching $28.17. 297,663 shares of the company’s stock were exchanged, compared to its average volume of 522,431. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 2.60 and a beta of 0.72. The stock’s 50 day moving average is $33.05 and its 200 day moving average is $33.16. Getty Realty has a 12-month low of $25.39 and a 12-month 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.

Getty Realty (NYSE:GTY) last released its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.36 earnings per share 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 firm had revenue of $59.05 million during the quarter, compared to analysts’ expectations of $58.45 million. The business’s revenue 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. On average, research analysts expect that Getty Realty will post 2.45 EPS for the current year.

Institutional Trading of Getty Realty

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Avalon Trust Co acquired a new position in Getty Realty in the first quarter valued at about $38,000. Global Retirement Partners LLC acquired a new stake in shares of Getty Realty during the 2nd quarter worth about $43,000. Optiver Holding B.V. grew its holdings in shares of Getty Realty by 380.2% during the 1st quarter. Optiver Holding B.V. now owns 1,556 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 1,232 shares during the last quarter. Nykredit A S acquired a new position in shares of Getty Realty in the 2nd quarter worth approximately $52,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Getty Realty in the 2nd quarter worth approximately $67,000. 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.