Analysts Set Getty Realty Corporation (NYSE:GTY) Price Target at $35.29

Getty Realty Corporation (NYSE:GTY) has been assigned an average rating of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $35.2857.

Several analysts recently issued reports on GTY shares. Royal Bank Of Canada upped their price objective on Getty Realty from $35.00 to $36.00 and gave the company a “sector perform” rating in a report on Friday, July 24th. Robert W. Baird boosted their price objective on shares of Getty Realty from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Weiss Ratings raised shares of Getty Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Huntington started coverage on Getty Realty in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $37.00 target price for the company. Finally, KeyCorp increased their target price 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.

Institutional Trading of Getty Realty

Large investors have recently made changes to their positions in the company. Advisors Asset Management Inc. acquired a new stake in Getty Realty in the first quarter valued at approximately $31,000. EverSource Wealth Advisors LLC increased its stake in Getty Realty by 3,996.6% in the 2nd 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 purchased a new stake in shares of Getty Realty during the first quarter valued at approximately $38,000. Global Retirement Partners LLC bought a new stake in shares of Getty Realty during the 2nd quarter worth $43,000. Finally, Danske Bank A S purchased a new position in Getty Realty in the fourth quarter valued at about $44,000. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Getty Realty Stock Down 0.9%

Shares of GTY stock opened at $32.45 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.26 and a current ratio of 2.26. The firm’s 50-day moving average is $33.77 and its 200-day moving average is $33.32. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.89 and a beta of 0.72. Getty Realty has a 52-week low of $25.39 and a 52-week high of $36.83.

Getty Realty (NYSE:GTY) last released its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The business had revenue of $59.05 million during the quarter, compared to analyst estimates of $58.45 million. Getty Realty had a net margin of 42.74% and a return on equity of 9.27%. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. Getty Realty has set its FY 2026 guidance at 2.520-2.540 EPS. Sell-side analysts predict that Getty Realty will post 2.45 EPS for the current year.

Getty Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 24th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Thursday, September 24th. Getty Realty’s dividend payout ratio is presently 118.29%.

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.