Getty Realty Corporation (NYSE:GTY) Given Consensus Rating of “Moderate Buy” by Analysts

Getty Realty Corporation (NYSE:GTY) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $33.60.

A number of research analysts recently issued reports on GTY shares. Weiss Ratings upgraded shares of Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. KeyCorp raised their target price on shares of Getty Realty from $33.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. UBS Group raised their target price on shares of Getty Realty from $29.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, March 9th. Robert W. Baird increased their target price on Getty Realty from $32.00 to $34.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $35.00 target price on shares of Getty Realty in a report on Friday, April 24th.

Getty Realty Stock Up 0.4%

Shares of GTY stock opened at $32.80 on Tuesday. The stock’s 50 day simple moving average is $33.15 and its 200 day simple moving average is $31.51. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.24 and a current ratio of 2.24. Getty Realty has a twelve month low of $25.39 and a twelve month high of $34.75. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 2.70 and a beta of 0.73.

Getty Realty (NYSE:GTY) last issued its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. Getty Realty had a return on equity of 8.76% and a net margin of 40.06%.The business had revenue of $57.84 million for the quarter, compared to the consensus estimate of $58.41 million. During the same period last year, the business earned $0.59 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS. As a group, research analysts predict that Getty Realty will post 2.42 EPS for the current year.

Getty Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $1.94 dividend on an annualized basis and a yield of 5.9%. Getty Realty’s dividend payout ratio (DPR) is 127.63%.

Institutional Trading of Getty Realty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Getty Realty by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 8,488,950 shares of the real estate investment trust’s stock valued at $232,343,000 after purchasing an additional 102,670 shares during the last quarter. State Street Corp raised its stake in Getty Realty by 1.5% during the 4th quarter. State Street Corp now owns 4,035,598 shares of the real estate investment trust’s stock valued at $112,262,000 after purchasing an additional 60,137 shares during the last quarter. Geode Capital Management LLC raised its stake in Getty Realty by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,472,865 shares of the real estate investment trust’s stock valued at $40,318,000 after purchasing an additional 28,155 shares during the last quarter. Millennium Management LLC raised its stake in Getty Realty by 42.3% during the 3rd quarter. Millennium Management LLC now owns 1,142,413 shares of the real estate investment trust’s stock valued at $30,651,000 after purchasing an additional 339,388 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Getty Realty by 5.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 858,566 shares of the real estate investment trust’s stock valued at $23,499,000 after purchasing an additional 47,800 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Company Profile

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.