Getty Realty Corporation (NYSE:GTY) Stock Has Average Target Price of $35.75

Getty Realty Corporation (NYSE:GTY) has received an average rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $35.75.

GTY has been the topic of several recent research reports. Royal Bank Of Canada raised their price target on Getty Realty from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft set a $39.00 price objective on Getty Realty in a research note on Wednesday, September 23rd. Citizens Jmp restated a “market outperform” rating and issued a $39.00 target price on shares of Getty Realty in a report on Tuesday, September 1st. Robert W. Baird upped their price target on shares of Getty Realty from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings lowered shares of Getty Realty from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, September 24th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of Getty Realty in the 2nd quarter worth approximately $344,815,000. Dimensional Fund Advisors LP raised its holdings in Getty Realty by 5.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 802,609 shares of the real estate investment trust’s stock worth $25,523,000 after purchasing an additional 39,683 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Getty Realty by 75.8% in the 1st quarter. Bank of America Corp DE now owns 780,288 shares of the real estate investment trust’s stock worth $24,813,000 after purchasing an additional 336,431 shares during the period. Fidelity National Financial Inc. purchased a new position in shares of Getty Realty during the second quarter valued at about $20,089,000. Finally, Congress Asset Management Co. increased its position in shares of Getty Realty by 21.4% during the third quarter. Congress Asset Management Co. now owns 549,989 shares of the real estate investment trust’s stock valued at $15,532,000 after buying an additional 96,831 shares during the period. Institutional investors own 85.11% of the company’s stock.

Getty Realty Stock Performance

NYSE GTY opened at $27.55 on Thursday. The company has a 50-day simple moving average of $31.59 and a two-hundred day simple moving average of $32.80. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.95. Getty Realty has a 12-month low of $25.39 and a 12-month high of $36.83. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 2.06 and a beta of 0.72.

Getty Realty (NYSE:GTY) last released its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Getty Realty had a return on equity of 9.27% and a net margin of 42.74%.The company had revenue of $59.05 million during the quarter, compared to analysts’ expectations of $58.45 million. The company’s quarterly revenue 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. On average, equities analysts forecast that Getty Realty will post 2.45 EPS for the current year.

Getty Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 24th will be paid a $0.4850 dividend. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $1.94 annualized dividend and a dividend yield of 7.0%. Getty Realty’s dividend payout ratio (DPR) is presently 118.29%.

About Getty Realty

Getty Realty Corp. (NYSE:GTY) is a real estate investment trust that owns, leases and develops properties used primarily for convenience stores, gasoline stations and automotive service businesses. The company’s portfolio also includes properties supporting car washes, quick-service restaurants and other automotive-related activities.

Getty Realty generally leases its properties to operators under long-term, often triple-net lease agreements, under which tenants are responsible for many property-level expenses such as taxes, insurance and maintenance.