Getty Realty (NYSE:GTY) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Getty Realty Corporation (NYSE:GTY) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $32.16 and traded as high as $34.70. Getty Realty shares last traded at $34.4970, with a volume of 302,902 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. 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. Citigroup reaffirmed a “market outperform” rating on shares of Getty Realty in a research note on Friday, June 12th. Robert W. Baird boosted their price objective on shares of Getty Realty from $32.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. KeyCorp upped their price objective on shares of Getty Realty from $33.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $35.00 target price on shares of Getty Realty in a research note on Friday, April 24th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.60.

Getty Realty Stock Performance

The company has a market capitalization of $2.09 billion, a PE ratio of 22.70, a PEG ratio of 2.84 and a beta of 0.72. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.24 and a current ratio of 2.24. The company has a 50 day moving average price of $33.30 and a 200 day moving average price of $32.16.

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

Getty Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders 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 127.63%.

Institutional Investors Weigh In On Getty Realty

Hedge funds and other institutional investors have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. bought a new position in shares of Getty Realty during the fourth quarter worth about $29,000. Advisors Asset Management Inc. bought a new stake in Getty Realty in the first quarter valued at about $31,000. EverSource Wealth Advisors LLC increased its holdings 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 valued at $33,000 after buying an additional 1,159 shares during the last quarter. Avalon Trust Co acquired a new stake in Getty Realty during the first quarter valued at approximately $38,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in 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 buying an additional 418 shares in the last quarter. Institutional investors 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.