Getty Realty (NYSE:GTY) Sets New 52-Week High – What’s Next?

Getty Realty Corporation (NYSE:GTY)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $36.67 and last traded at $36.1010, with a volume of 448521 shares trading hands. The stock had previously closed at $36.25.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Citigroup restated a “market outperform” rating on shares of Getty Realty in a report on Friday, June 12th. Weiss Ratings raised Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Robert W. Baird upped their target price on Getty Realty from $32.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Huntington initiated coverage on Getty Realty in a research note on Wednesday, July 15th. They set an “outperform” rating and a $37.00 target price for the company. Finally, KeyCorp lifted their target price on Getty Realty from $33.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.17.

Getty Realty Stock Performance

The firm has a market cap of $2.18 billion, a P/E ratio of 23.75, a PEG ratio of 2.99 and a beta of 0.72. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.92. The company’s 50-day moving average is $33.51 and its two-hundred day moving average is $32.39.

Getty Realty (NYSE:GTY) last issued its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.09. The firm had revenue of $57.84 million during the quarter, compared to analyst estimates of $58.41 million. Getty Realty had a return on equity of 8.76% and a net margin of 40.06%.The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 EPS. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS. As a group, equities analysts predict that Getty Realty Corporation will post 2.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Getty Realty

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Getty Realty by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 8,488,950 shares of the real estate investment trust’s stock valued at $232,343,000 after buying an additional 102,670 shares during the last quarter. State Street Corp boosted its holdings in Getty Realty by 1.5% during the 4th quarter. State Street Corp now owns 4,035,598 shares of the real estate investment trust’s stock worth $112,262,000 after acquiring an additional 60,137 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Getty Realty by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,472,865 shares of the real estate investment trust’s stock worth $40,318,000 after acquiring an additional 28,155 shares in the last quarter. Millennium Management LLC grew its stake in shares of Getty Realty by 42.3% in the 3rd quarter. Millennium Management LLC now owns 1,142,413 shares of the real estate investment trust’s stock worth $30,651,000 after acquiring an additional 339,388 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Getty Realty by 5.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 858,566 shares of the real estate investment trust’s stock worth $23,499,000 after acquiring an additional 47,800 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.