Getty Realty (NYSE:GTY) Stock Passes Above 200 Day Moving Average – Time to Sell?

Getty Realty Corporation (NYSE:GTY) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $31.51 and traded as high as $32.99. Getty Realty shares last traded at $32.8010, with a volume of 517,952 shares traded.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GTY. Robert W. Baird upped their price objective on Getty Realty from $32.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. UBS Group lifted their target price on Getty Realty from $29.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, March 9th. KeyCorp boosted their price target on Getty Realty from $33.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $35.00 price target on shares of Getty Realty in a report on Friday, April 24th. Finally, Weiss Ratings raised Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $33.60.

Getty Realty Stock Performance

The business has a 50-day moving average of $33.15 and a 200 day moving average of $31.51. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.24 and a quick ratio of 2.24. The company has a market cap of $1.98 billion, a PE ratio of 21.58, a PEG ratio of 2.70 and a beta of 0.73.

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

Getty Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th will be paid a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Thursday, June 25th. Getty Realty’s dividend payout ratio is 127.63%.

Hedge Funds Weigh In On Getty Realty

A number of institutional investors and hedge funds have recently made changes to their positions in GTY. Advisors Asset Management Inc. bought a new stake in Getty Realty during the first quarter valued at approximately $31,000. Aster Capital Management DIFC Ltd purchased a new stake in Getty Realty during the third quarter valued at approximately $27,000. Newbridge Financial Services Group Inc. bought a new position in Getty Realty in the fourth quarter worth approximately $29,000. EverSource Wealth Advisors LLC raised its position in Getty Realty by 3,996.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,159 shares during the period. Finally, Avalon Trust Co purchased a new position in shares of Getty Realty during the 1st quarter worth $38,000. Hedge funds and other institutional investors own 85.11% of the company’s stock.

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.