Getty Realty (NYSE:GTY) Coverage Initiated by Analysts at Huntington

Huntington started coverage on shares of Getty Realty (NYSE:GTY) in a research note published on Wednesday, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $37.00 price target on the real estate investment trust’s stock.

Other analysts have also recently issued reports about the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $35.00 price target on shares of Getty Realty in a report on Friday, April 24th. KeyCorp boosted their target price on shares of Getty Realty from $33.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Robert W. Baird upped their target price on shares of Getty Realty from $32.00 to $34.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Weiss Ratings upgraded Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Finally, Citigroup restated a “market outperform” rating on shares of Getty Realty in a research note on Friday, June 12th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Getty Realty has an average rating of “Moderate Buy” and an average target price of $34.17.

Getty Realty Stock Performance

Getty Realty stock opened at $34.44 on Wednesday. Getty Realty has a 12-month low of $25.39 and a 12-month high of $35.01. 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 capitalization of $2.08 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 2.84 and a beta of 0.72. The firm’s fifty day moving average price is $33.33 and its 200 day moving average price is $32.21.

Getty Realty (NYSE:GTY) last released its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.43 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $58.41 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The company’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. On average, research analysts forecast that Getty Realty will post 2.42 EPS for the current fiscal year.

Getty Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Thursday, June 25th. Getty Realty’s dividend payout ratio is presently 127.63%.

Institutional Investors Weigh In On Getty Realty

A number of hedge funds have recently added to or reduced their stakes in GTY. Newbridge Financial Services Group Inc. bought a new stake in shares of Getty Realty during the fourth quarter valued at approximately $29,000. Advisors Asset Management Inc. acquired a new position in Getty Realty during the 1st quarter worth $31,000. EverSource Wealth Advisors LLC boosted its position in Getty Realty by 3,996.6% during the 2nd 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. Avalon Trust Co bought a new position in shares of Getty Realty in the first quarter worth $38,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Getty Realty by 36.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,572 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 418 shares during the period. 85.11% of the stock is currently owned by 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.