Getty Realty (NYSE:GTY) Coverage Initiated at Huntington

Huntington initiated coverage on shares of Getty Realty (NYSE:GTY) in a research note issued on Wednesday. The firm set an “outperform” rating and a $37.00 price target on the real estate investment trust’s stock. Huntington’s price target indicates a potential upside of 7.26% from the company’s previous close.

A number of other analysts have also commented on GTY. Weiss Ratings upgraded Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Citigroup restated a “market outperform” rating on shares of Getty Realty in a research report on Friday, June 12th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $35.00 price target on shares of Getty Realty in a research report on Friday, April 24th. Robert W. Baird boosted their price target on shares of Getty Realty from $32.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Finally, KeyCorp increased their price objective on shares of Getty Realty from $33.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Getty Realty has a consensus rating of “Moderate Buy” and an average price target of $34.17.

Getty Realty Stock Up 0.1%

Shares of GTY opened at $34.50 on Wednesday. The business’s fifty day moving average price is $33.30 and its two-hundred day moving average price is $32.16. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 2.84 and a beta of 0.72. Getty Realty has a 52 week low of $25.39 and a 52 week high of $34.91. 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 (NYSE:GTY) last released its 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. Getty Realty had a return on equity of 8.76% and a net margin of 40.06%.The company had revenue of $57.84 million during the quarter, compared to the consensus estimate of $58.41 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS. On average, analysts predict that Getty Realty will post 2.42 earnings per share for the current year.

Hedge Funds Weigh In On Getty Realty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its holdings in shares of Getty Realty by 26.4% during the 4th quarter. Farther Finance Advisors LLC now owns 1,724 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 360 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Getty Realty by 3.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,160 shares of the real estate investment trust’s stock valued at $333,000 after buying an additional 400 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Getty Realty by 36.2% in 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 acquiring an additional 418 shares during the last quarter. Chatham Capital Group Inc. grew its position in Getty Realty by 0.8% in the fourth quarter. Chatham Capital Group Inc. now owns 60,052 shares of the real estate investment trust’s stock valued at $1,644,000 after acquiring an additional 465 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Getty Realty by 2.2% during the second quarter. The Manufacturers Life Insurance Company now owns 25,441 shares of the real estate investment trust’s stock worth $703,000 after acquiring an additional 548 shares in the last quarter. 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.