Getty Realty (NYSE:GTY) Shares Gap Up Following Better-Than-Expected Earnings

Getty Realty Corporation (NYSE:GTY) gapped up prior to trading on Thursday following a better than expected earnings announcement. The stock had previously closed at $33.21, but opened at $34.75. Getty Realty shares last traded at $33.3110, with a volume of 26,001 shares.

The real estate investment trust reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. Getty Realty had a return on equity of 8.90% and a net margin of 40.06%.The company had revenue of $57.84 million during the quarter, compared to the consensus estimate of $58.41 million. During the same period in the previous year, the firm posted $0.59 earnings per share. Getty Realty’s quarterly revenue was up 10.5% compared to the same quarter last year. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS.

Getty Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th will be paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Thursday, June 25th. Getty Realty’s payout ratio is presently 144.78%.

Key Stories Impacting Getty Realty

Here are the key news stories impacting Getty Realty this week:

• Positive Sentiment: Q1 results beat expectations — GAAP EPS $0.43 (vs. $0.34 consensus) and FFO/AFFO came in ahead of Street estimates, with revenue up 10.5% year-over-year. Management highlighted investing activity and longer lease terms. Read More.
• Positive Sentiment: Company raised FY‑2026 earnings guidance (EPS 2.50–2.52 vs. ~1.81 consensus) and increased AFFO guidance, which materially lifts expected 2026 earnings and underpins the rally. Read More.
• Positive Sentiment: Capital actions strengthen the balance sheet and fund growth — $129.9M follow‑on equity offering (with forward sales) and $250M private placement of senior notes; revolver was repaid; committed investment pipeline expanded to >$125M. These moves support near‑term acquisition/development activity and the raised guidance. Read More.
• Positive Sentiment: Dividend maintained — company declared a quarterly dividend of $0.485 (annualized yield ~5.8%), keeping the stock attractive to income investors.
• Neutral Sentiment: Analyst update: Robert W. Baird raised its price target from $32 to $34 but kept a “neutral” rating, signaling modest upside in the near term rather than a strong buy signal. Read More.
• Neutral Sentiment: Market and sell‑side coverage includes several commentary pieces noting Getty’s steady growth and valuation dynamics — useful context but largely interpretive rather than new catalysts. Read More. • Read More.
• Negative Sentiment: Revenue slightly missed consensus ($57.84M vs. $58.41M est.) and GAAP EPS for the quarter remains below the prior‑year quarter ($0.43 vs. $0.59 a year ago), which highlights near‑term volatility in comparables. Additionally, the equity offering introduces potential dilution risk for existing shareholders. Read More.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GTY. Robert W. Baird lifted their target price on Getty Realty from $32.00 to $34.00 and gave the company a “neutral” rating in a research note on Thursday. Weiss Ratings upgraded Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, April 15th. UBS Group lifted their target price on Getty Realty from $29.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, March 9th. Finally, Royal Bank Of Canada lifted their target price on Getty Realty from $30.00 to $33.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 17th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.60.

Institutional Investors Weigh In On Getty Realty

A number of institutional investors have recently added to or reduced their stakes in GTY. Aster Capital Management DIFC Ltd acquired a new stake in Getty Realty in the third quarter worth approximately $27,000. Newbridge Financial Services Group Inc. acquired a new stake in Getty Realty in the fourth quarter worth approximately $29,000. Advisors Asset Management Inc. acquired a new stake in Getty Realty in the first quarter worth approximately $31,000. EverSource Wealth Advisors LLC lifted its position in Getty Realty by 3,996.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,188 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,159 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Getty Realty by 288.6% in the third quarter. Farther Finance Advisors LLC now owns 1,364 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,013 shares during the period. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Getty Realty Price Performance

The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 22.20, a P/E/G ratio of 2.45 and a beta of 0.81. The business has a 50-day simple moving average of $32.99 and a two-hundred day simple moving average of $29.94. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.93.

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.