Getty Realty Corporation (NYSE:GTY) Receives Average Recommendation of “Moderate Buy” from Analysts

Getty Realty Corporation (NYSE:GTY) has earned an average rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $31.80.

GTY has been the topic of a number of analyst reports. Janney Montgomery Scott started coverage on Getty Realty in a report on Thursday, October 16th. They set a “buy” rating and a $30.00 price objective on the stock. Wall Street Zen raised Getty Realty from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Getty Realty in a report on Wednesday, October 8th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Ameritas Investment Partners Inc. grew its position in shares of Getty Realty by 7.2% in the second quarter. Ameritas Investment Partners Inc. now owns 5,300 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 356 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Getty Realty by 1.2% during the 3rd quarter. Teacher Retirement System of Texas now owns 37,714 shares of the real estate investment trust’s stock valued at $1,012,000 after purchasing an additional 450 shares during the period. KLP Kapitalforvaltning AS boosted its stake in 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 purchasing an additional 500 shares during the period. Amalgamated Bank grew its holdings in Getty Realty by 3.5% in the 3rd quarter. Amalgamated Bank now owns 15,015 shares of the real estate investment trust’s stock valued at $403,000 after buying an additional 503 shares during the last quarter. Finally, Marathon Capital Management increased its position in Getty Realty by 3.5% in the 2nd quarter. Marathon Capital Management now owns 15,590 shares of the real estate investment trust’s stock worth $431,000 after buying an additional 525 shares during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Stock Down 1.0%

GTY stock opened at $27.31 on Tuesday. The firm has a market cap of $1.58 billion, a PE ratio of 21.33, a PEG ratio of 2.40 and a beta of 0.84. Getty Realty has a 1 year low of $25.39 and a 1 year high of $32.17. The company has a fifty day simple moving average of $28.02 and a 200 day simple moving average of $27.84. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.93.

Getty Realty (NYSE:GTY) last posted its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. Getty Realty had a net margin of 34.76% and a return on equity of 7.60%. The firm had revenue of $55.59 million for the quarter, compared to the consensus estimate of $53.19 million. Getty Realty has set its FY 2025 guidance at 2.420-2.430 EPS. Sell-side analysts anticipate that Getty Realty will post 2.29 EPS for the current fiscal year.

Getty Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Friday, December 26th will be paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Friday, December 26th. This is a boost from Getty Realty’s previous quarterly dividend of $0.47. Getty Realty’s dividend payout ratio (DPR) is 151.56%.

About Getty Realty

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.