Getty Realty Corporation (NYSE:GTY) Given Average Rating of “Moderate Buy” by Analysts

Getty Realty Corporation (NYSE:GTY) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $32.6667.

Several research firms have weighed in on GTY. UBS Group boosted their price objective on Getty Realty from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, August 15th. KeyCorp cut their price objective on Getty Realty from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 7th. Finally, Wall Street Zen cut Getty Realty from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. lifted its position in shares of Getty Realty by 7.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,300 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 356 shares during the last quarter. US Bancorp DE lifted its position in shares of Getty Realty by 52.4% during the 1st quarter. US Bancorp DE now owns 1,093 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 376 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Getty Realty by 11.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,933 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 409 shares during the last quarter. KLP Kapitalforvaltning AS lifted its position in shares of Getty Realty by 1.8% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 28,500 shares of the real estate investment trust’s stock valued at $799,000 after buying an additional 500 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Getty Realty by 0.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 72,117 shares of the real estate investment trust’s stock valued at $2,173,000 after buying an additional 519 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Getty Realty Stock Down 0.5%

Shares of NYSE:GTY opened at $28.43 on Wednesday. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 2.14 and a beta of 0.83. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.94. Getty Realty has a 12-month low of $26.42 and a 12-month high of $33.85. The business’s 50 day moving average is $27.98 and its 200 day moving average is $28.95.

Getty Realty (NYSE:GTY) last posted its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). Getty Realty had a return on equity of 6.87% and a net margin of 31.62%.The business had revenue of $51.31 million during the quarter, compared to analysts’ expectations of $51.59 million. Getty Realty has set its FY 2025 guidance at 2.400-2.41 EPS. On average, sell-side analysts forecast that Getty Realty will post 2.29 earnings per share for the current fiscal year.

Getty Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 25th will be given a $0.47 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $1.88 annualized dividend and a yield of 6.6%. Getty Realty’s payout ratio is currently 163.48%.

Getty Realty Company Profile