Getty Realty Corporation (NYSE:GTY) Stock Has Average Price Target of $35.75

Getty Realty Corporation (NYSE:GTY) has earned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $35.75.

GTY has been the subject of a number of analyst reports. KeyCorp reaffirmed an “overweight” rating and issued a $36.00 price target on shares of Getty Realty in a report on Thursday, September 24th. Weiss Ratings cut Getty Realty from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, September 24th. Robert W. Baird upped their target price on Getty Realty from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Citizens Jmp reiterated a “market outperform” rating and set a $39.00 target price on shares of Getty Realty in a research report on Tuesday, September 1st. Finally, Huntington started coverage on Getty Realty in a research report on Wednesday, July 15th. They set an “outperform” rating and a $37.00 target price on the stock.

Institutional Trading of Getty Realty

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Getty Realty during the 2nd quarter worth approximately $344,815,000. Bank of America Corp DE purchased a new position in shares of Getty Realty in the second quarter valued at approximately $25,120,000. Fidelity National Financial Inc. purchased a new position in shares of Getty Realty in the second quarter valued at approximately $20,089,000. Bank of New York Mellon Corp acquired a new stake in shares of Getty Realty in the second quarter worth approximately $16,707,000. Finally, Heartland Advisors Inc. purchased a new stake in shares of Getty Realty during the second quarter worth approximately $11,676,000. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Stock Up 1.2%

GTY stock opened at $28.17 on Thursday. The firm has a market cap of $1.74 billion, a PE ratio of 17.18, a P/E/G ratio of 2.08 and a beta of 0.72. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.26 and a current ratio of 2.26. The firm’s fifty day moving average is $32.02 and its 200 day moving average is $32.93. Getty Realty has a one year low of $25.39 and a one year high of $36.83.

Getty Realty (NYSE:GTY) last issued its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Getty Realty had a return on equity of 9.27% and a net margin of 42.74%.The firm had revenue of $59.05 million during the quarter, compared to analyst estimates of $58.45 million. The company’s quarterly 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 forecast that Getty Realty will post 2.45 EPS for the current year.

Getty Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 24th will be given a dividend of $0.4850 per share. The ex-dividend date is Thursday, September 24th. This represents a $1.94 dividend on an annualized basis and a yield of 6.9%. Getty Realty’s dividend payout ratio is currently 118.29%.

About Getty Realty

Getty Realty Corp. (NYSE:GTY) is a real estate investment trust that owns, leases and develops properties used primarily for convenience stores, gasoline stations and automotive service businesses. The company’s portfolio also includes properties supporting car washes, quick-service restaurants and other automotive-related activities.

Getty Realty generally leases its properties to operators under long-term, often triple-net lease agreements, under which tenants are responsible for many property-level expenses such as taxes, insurance and maintenance.