Getty Realty (GTY) Stock Price, News & Analysis

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Getty Realty in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GTY shares.
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2 brokerages have issued 12-month price objectives for Getty Realty's stock. Their GTY share price targets range from $30.00 to $33.00. On average, they anticipate the company's stock price to reach $31.50 in the next year. This suggests a possible upside of 18.9% from the stock's current price.
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Getty Realty's stock was trading at $29.22 at the beginning of the year. Since then, GTY shares have decreased by 9.3% and is now trading at $26.50.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our GTY earnings forecast.

Getty Realty will be holding an earnings conference call on Friday, April 26th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13745417".

Getty Realty Corp. (NYSE:GTY) issued its quarterly earnings data on Wednesday, February, 14th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.57 by $0.27. The real estate investment trust earned $45.62 million during the quarter, compared to analysts' expectations of $47.19 million. Getty Realty had a net margin of 32.37% and a trailing twelve-month return on equity of 6.72%.

Getty Realty declared a quarterly dividend on Tuesday, February 13th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.45 per share on Thursday, April 11th. This represents a $1.80 annualized dividend and a yield of 6.79%. The ex-dividend date of this dividend is Wednesday, March 27th.
Read our dividend analysis for GTY.

Getty Realty (NYSE:GTY) pays an annual dividend of $1.80 per share and currently has a dividend yield of 6.89%. GTY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 156.52%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, GTY will have a dividend payout ratio of 75.95% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for GTY.

ETFs with the largest weight of Getty Realty (NYSE:GTY) stock in their portfolio include NETLease Corporate Real Estate ETF (NETL), Invesco KBW Premium Yield Equity REIT ETF (KBWY), ALPS REIT Dividend Dogs ETF (RDOG), SPDR S&P Global Dividend ETF (WDIV), ETC 6 Meridian Small Cap Equity ETF (SIXS), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco S&P SmallCap Low Volatility ETF (XSLV) and First Trust Multi-Asset Diversified Income Index Fund (MDIV).

Getty Realty issued an update on its FY 2024 earnings guidance on Thursday, February, 29th. The company provided earnings per share (EPS) guidance of 2.290-2.310 for the period, compared to the consensus EPS estimate of 2.200. The company issued revenue guidance of -.

Based on aggregate information from My MarketBeat watchlists, some companies that other Getty Realty investors own include Energy Transfer (ET), AT&T (T), CBL & Associates Properties (CBL), Cornerstone Total Return Fund (CRF), Ford Motor (F), SandRidge Permian Trust (PER), SunCoke Energy Partners (SXCP), Cornerstone Strategic Value Fund (CLM), Martin Midstream Partners (MMLP) and NGL Energy Partners (NGL).

Getty Realty's stock is owned by many different institutional and retail investors. Top institutional shareholders include Congress Asset Management Co. MA (0.26%), Bridge City Capital LLC (0.13%), Chatham Capital Group Inc. (0.11%), Pensionfund DSM Netherlands (0.10%), Pensionfund Sabic (0.04%) and Strategic Advocates LLC (0.02%).
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Shares of GTY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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