Getty Realty Corporation (NYSE:GTY) Receives $34.17 Average Target Price from Brokerages

Shares of Getty Realty Corporation (NYSE:GTY) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $34.1667.

A number of brokerages have recently weighed in on GTY. KeyCorp raised their price objective on shares of Getty Realty from $33.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Robert W. Baird upped 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, April 23rd. Weiss Ratings upgraded Getty Realty from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Royal Bank Of Canada reissued a “sector perform” rating and set a $35.00 price target on shares of Getty Realty in a research report on Friday, April 24th. Finally, Huntington assumed coverage on Getty Realty in a research report on Wednesday, July 15th. They set an “outperform” rating and a $37.00 price target for the company.

Getty Realty Stock Performance

NYSE:GTY opened at $36.10 on Friday. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.92. The firm has a 50-day moving average price of $33.51 and a two-hundred day moving average price of $32.39. Getty Realty has a twelve month low of $25.39 and a twelve month high of $36.67. The company has a market capitalization of $2.18 billion, a P/E ratio of 23.75, a price-to-earnings-growth ratio of 2.99 and a beta of 0.72.

Getty Realty (NYSE:GTY) last announced its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.09. Getty Realty had a net margin of 40.06% and a return on equity of 8.76%. The company had revenue of $57.84 million during the quarter, compared to analysts’ expectations of $58.41 million. During the same quarter in the previous year, the business posted $0.59 earnings per share. The firm’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. As a group, research analysts expect that Getty Realty will post 2.42 earnings per share for the current fiscal year.

Institutional Trading of Getty Realty

Large investors have recently made changes to their positions in the stock. Amundi raised its stake in Getty Realty by 12.7% in the 1st quarter. Amundi now owns 30,647 shares of the real estate investment trust’s stock valued at $930,000 after purchasing an additional 3,463 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of Getty Realty during the first quarter worth about $31,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Getty Realty by 8.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 306,733 shares of the real estate investment trust’s stock worth $9,564,000 after buying an additional 23,370 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Getty Realty by 105.8% during the first quarter. Jane Street Group LLC now owns 113,313 shares of the real estate investment trust’s stock worth $3,533,000 after buying an additional 58,255 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Getty Realty by 13.3% in the second quarter. Cetera Investment Advisers now owns 16,721 shares of the real estate investment trust’s stock valued at $462,000 after buying an additional 1,961 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Getty Realty Company Profile

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.