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

Getty Realty Corporation (NYSE:GTY) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $31.80.

GTY has been the subject of several research reports. Wall Street Zen raised shares of Getty Realty from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings restated a “hold (c)” rating on shares of Getty Realty in a report on Wednesday, October 8th. UBS Group lifted their price target on Getty Realty from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, August 15th. Finally, Janney Montgomery Scott assumed coverage on Getty Realty in a research report on Thursday, October 16th. They issued a “buy” rating and a $30.00 price target for the company.

Getty Realty Trading Down 2.0%

GTY opened at $27.78 on Friday. The company has a market capitalization of $1.60 billion, a P/E ratio of 21.70, a PEG ratio of 2.49 and a beta of 0.84. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.93. Getty Realty has a 52 week low of $25.39 and a 52 week high of $32.64. The stock’s fifty day moving average is $27.44 and its two-hundred day moving average is $27.95.

Getty Realty (NYSE:GTY) last released its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Getty Realty had a net margin of 34.76% and a return on equity of 7.60%. The company had revenue of $55.59 million during the quarter, compared to analyst estimates of $53.19 million. Getty Realty has set its FY 2025 guidance at 2.420-2.430 EPS. Analysts forecast that Getty Realty will post 2.29 earnings per share for the current year.

Getty Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Friday, December 26th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, December 26th. This is a positive change from Getty Realty’s previous quarterly dividend of $0.47. This represents a $1.94 dividend on an annualized basis and a yield of 7.0%. Getty Realty’s dividend payout ratio is currently 146.88%.

Institutional Investors Weigh In On Getty Realty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Getty Realty by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 8,386,280 shares of the real estate investment trust’s stock valued at $225,004,000 after purchasing an additional 51,602 shares during the last quarter. State Street Corp increased its stake in Getty Realty by 3.3% during the 2nd quarter. State Street Corp now owns 3,858,470 shares of the real estate investment trust’s stock valued at $108,315,000 after purchasing an additional 124,350 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Getty Realty by 1.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,770,092 shares of the real estate investment trust’s stock worth $117,551,000 after buying an additional 40,120 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Getty Realty by 3.3% in the second quarter. Geode Capital Management LLC now owns 1,418,927 shares of the real estate investment trust’s stock worth $39,224,000 after buying an additional 44,766 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Getty Realty by 42.3% during the third quarter. Millennium Management LLC now owns 1,142,413 shares of the real estate investment trust’s stock worth $30,651,000 after buying an additional 339,388 shares during the period. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Getty Realty Company Profile